PVP Ventures Limited has informed the Exchange about Strike off of Safetrunk Services Private Limited, a wholly owned subsidiary of the company.
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PVP Ventures has informed the exchanges that its wholly owned subsidiary, Safetrunk Services Private Limited, has been struck off from the records of the Registrar of Companies, Chennai. The strike off was carried out under Section 248 of the Companies Act, 2013 via a Form STK-7 notice from the Centre for Processing Accelerated Corporate Exit (C-PACE), Ministry of Corporate Affairs, dated May 8, 2025. Since the ROC did not issue a formal certificate even after multiple follow-ups, the company's Practising Company Secretary (M Damodaran & Associates LLP) issued a confirmation certificate after due verification. The subsidiary is deemed struck off effective July 1, 2025.
This is a routine corporate housekeeping action involving a wholly owned subsidiary and is unlikely to have any meaningful impact on PVP Ventures' financials or stock price. Shareholders should note the simplification of the company's corporate structure.