we attach herewith intimation regarding proposed strike of joint venture company Dinamico axles & Drive wheels Pvt Ltd
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Him Teknoforge Ltd is informing BSE that it is calling off a Joint Venture Agreement that was entered into with Italian counterparts. The JV company, Dinamico Axles & Drive Wheels Private Limited, was incorporated but has not commenced any significant business operations. While the company had agreed to subscribe to 40% shareholding in the JV, no investment or capital has been infused as of date. The board passed a resolution on 13.04.2026 consenting to the striking off of the JV company from the records of the Registrar of Companies under the Companies Act, 2013.
There is no financial impact on the company or its shareholders since no investment was made in the JV. The strike off is essentially a cleanup of a dormant entity that never became operational.