M/s Grauer & Weil (Sanghai) Limited, wholly owned subsidiary of the Company have applied for striking off.
GRAUWEIL · price
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Grauer & Weil (India) Limited has informed BSE that its wholly owned subsidiary, M/s Grauer & Weil (Shanghai) Limited (incorporated in China), has applied for strike-off on 21 August 2025, pending approval from Chinese regulatory authorities. The Shanghai subsidiary had no business operations and contributed nil turnover, revenue, income, and net worth to the company in the last financial year. The strike-off process is expected to take about 5 to 6 months. Since the subsidiary had no operations, this is a housekeeping exercise with no financial impact on the parent company.
This is a non-material event for shareholders — the Shanghai subsidiary had no operations or contribution to revenue or net worth, so winding it up will not affect earnings or the stock price. It simplifies the corporate structure by removing an inactive foreign entity.