Reliance Industries Limited has informed the Exchange about dissolution of skyTran Inc.
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Reliance Industries has informed exchanges that skyTran Inc., its step-down subsidiary, has been voluntarily dissolved. The company filed a certificate of dissolution with the Secretary of State of Delaware on May 7, 2025, effective that date. skyTran was a non-operating entity and contributed nothing to Reliance's consolidated turnover or net worth for FY25. As a result, skyTran has ceased to be a subsidiary of Reliance Industries.
This is a routine housekeeping action with no financial impact on Reliance. Since skyTran was non-operating with zero contribution to revenue or net worth, shareholders should see no effect on earnings or stock price.