MFL Trading Private Limited, Wholly Owned Subsidiary has filed application in Form STK-2 with the Registrar of the Companies for strike off of the name from the Register of Companies.
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Awaiting price reaction for this filing.
Milkfood Ltd has informed the stock exchanges that its wholly owned subsidiary, MFL Trading Private Limited, has applied in Form STK-2 to the Registrar of Companies to strike off its name from the register. The subsidiary is classified as non-material and has not carried out any business operations since its incorporation, with zero turnover, revenue, income, or net worth. This is effectively a housekeeping exercise to remove a dormant, non-functional shell entity from the corporate structure. No sale, consideration, or related party transaction is involved in the strike off.
This is a non-event for shareholders — the subsidiary never operated and contributed nothing to Milkfood's financials, so the strike off has no material impact on earnings, assets, or stock price.