Jai Balaji Industries Limited has informed the Exchange about General Updates
JAIBALAJI · price
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Jai Balaji Industries has informed the exchanges about the closure of its wholly owned subsidiary, Kesarisuta Industries Uganda Limited. The subsidiary never started any business or operations since incorporation, so its contribution to revenue and net worth for FY25 is nil. The notice of cessation of business was published in the Uganda Gazette on June 27, 2025, and the company is now awaiting deregistration, expected within 6 months. The company clarified this was not a material subsidiary and the dissolution will have no impact on its revenue or business.
This is a routine housekeeping action with no material impact on the company's financials or operations, as the dormant subsidiary had zero revenue and net worth. Shareholders should not expect any effect on earnings or stock price.