Update in respect of ''ISMT Enterprises SA'', a subsidiary of the Company
KIRLFER · price
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Kirloskar Ferrous Industries has informed the stock exchanges that the voluntary liquidation of its Luxembourg-based subsidiary, ISMT Enterprises SA, was formally closed by the subsidiary's shareholders on 27 August 2025. A formal Certificate of Deregistration from the Luxembourg Trade Registry is still awaited. This follows an earlier communication from August 2024 about the start of the liquidation process. As per the annexure, ISMT Enterprises SA reported total income of ₹2.88 crore and a profit after tax of ₹2.50 crore for FY 2024-25, but carried a negative net worth as of 31 March 2025. The subsidiary had become financially weak, which likely prompted the decision to wind it up.
The financial impact on Kirloskar Ferrous is negligible since the subsidiary contributed only ₹2.88 crore to revenue and had negative net worth. Closing this loss-making, non-core entity helps simplify the group structure and removes a small drag on consolidated financials, which is mildly positive for shareholders.