H.G. Infra Engineering Limited has informed the Exchange about Sale or disposal
HGINFRA · price
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H.G. Infra Engineering is winding up six of its step-down wholly owned subsidiaries, all solar project SPVs (H.G. Bharatpur, Dudu, Ajmer, Jaipur, Jalore, and Sanchore Solar Project Private Limited). These companies were incorporated in 2024 but never commenced any operations, so they contributed zero turnover, revenue, income, or net worth. Shareholders of these subsidiaries have given consent for voluntary dissolution, and applications for strike off will be filed with the Registrar of Companies in Jaipur. The strike off process for each entity is expected to complete within 3-4 months, after which they will cease to be subsidiaries of H.G. Infra Engineering.
This is a routine housekeeping exercise with no financial impact since the subsidiaries were dormant and non-operational. Shareholders should not expect any material effect on the company's financials or stock price.