Disclosure under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 - Dissolution of K&R Global LLC - F Z Dubai (UAE), a wholly owned subsidiary
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K&R Rail Engineering Ltd has dissolved its wholly owned subsidiary, K&R Global LLC - FZ, based in Dubai, UAE. The board approved the dissolution on July 21, 2025, as the subsidiary was dormant, non-functional, and non-material. It had no business operations since its incorporation and contributed zero revenue or net worth to the parent company. The subsidiary has now ceased to exist as a company and as a subsidiary of K&R Rail Engineering. The dissolution process follows Dubai UAE Commercial Companies Laws, and no sale agreement or consideration was involved.
This is a non-material housekeeping action with no financial impact on shareholders, as the dissolved subsidiary was dormant and contributed nothing to the company's turnover or net worth. It should not affect the stock price.