H.G. Infra Engineering Limited has informed the Exchange about Sale or disposal
HGINFRA · price
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H.G. Infra Engineering has informed the exchanges that 8 of its step-down wholly owned subsidiaries — all solar project SPVs (Nagaur, Behror, Bhilwara, Bhiwadi, Ghiloth, Kota, Tapukara, and Tijara) — have received shareholder approval for voluntary dissolution and will apply for strike off with the Registrar of Companies, Jaipur. None of these companies have started operations since incorporation, and accordingly they have contributed zero turnover, revenue, income, or net worth. The strike off process is expected to be completed within 3-4 months. Once completed, these entities will cease to be subsidiaries of the company. No consideration is involved since this is a dissolution rather than a sale.
This is a routine housekeeping exercise to wind up inactive, non-operating shell subsidiaries and is unlikely to have any meaningful financial impact on H.G. Infra Engineering or its shareholders. It simplifies the company's corporate structure but does not affect the core EPC/infrastructure business.