GHCL Limited has informed the Exchange regarding ' Intimation under Regulation 30 of SEBI (LODR) Regulations 2015 '.
GHCL · price
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GHCL Limited has voluntarily closed its wholly-owned US subsidiary, Dan River Properties LLC, effective February 18, 2026. The subsidiary was non-operational and had no business activity; its only asset, a property, had already been sold and proceeds received. The subsidiary contributed Rs. 0.65 crores in turnover (just 0.02% of consolidated revenue) and had a net worth of Rs. 6.06 crores as per FY25 audited financials. A Certificate of Cancellation has been obtained from the State of Delaware, confirming the formal winding up. This is a routine corporate housekeeping action to clean up an inactive dormant entity.
Minimal impact on shareholders — the closure of a non-operational, non-material subsidiary with negligible revenue contribution is housekeeping in nature and unlikely to affect stock price or business operations.