HMT Limited has informed the Exchange about Striking off and Dissolution of HMT Watches Limited, Wholly Owned Subsidiary of HMT Limited Announcement under Regulation 30 of SEBI (LODR) Regulations, 2015
HMT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
HMT Limited has informed stock exchanges that its wholly owned subsidiary, HMT Watches Limited, has been struck off from the Register of Companies under Section 248(2) of the Companies Act, 2013, effective March 2, 2026. HMT had earlier filed an application with the Ministry of Corporate Affairs for the striking-off on January 5, 2026. HMT Watches was a historic consumer-facing arm of the government undertaking, known for manufacturing mechanical watches. With the dissolution, the subsidiary ceases to exist as a separate legal entity.
For shareholders, this marks the formal end of a legacy watch-making business that had been inactive for years, reducing complexity in HMT's corporate structure. There is no open offer trigger and no immediate financial gain, but the closure may slightly reduce administrative costs and future liabilities associated with the defunct subsidiary.