Polyplex Corporation Limited has informed the Exchange about Other Restructuring
POLYPLEX · price
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Polyplex Corporation has voluntarily dissolved PAR LLC, USA, its step-down (indirect) subsidiary, with the effective date of dissolution being March 27, 2026. PAR LLC had zero revenue and contributed only 0.25% to the company's net worth (Rs. 15.55 Crore) in FY 2024-25. After liquidating its assets, the entire capital along with surplus has been remitted back to its immediate parent. This is purely a winding-up exercise of an inactive, non-revenue-generating overseas entity, not a sale to any third party.
This is a routine housekeeping action with negligible financial impact — the entity had no turnover and a very small net worth. Shareholders are unlikely to see any material effect on earnings or stock price, and the capital has already been returned to the group.