This is to inform that REC Solar (Japan) Co., Ltd., a step-down wholly owned subsidiary of the Company, has ceased to be a subsidiary of the Company upon its liquidation effective June 10, 2025.
RELIANCE · price
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Reliance Industries has informed stock exchanges that REC Solar (Japan) Co., Ltd., its step-down wholly owned subsidiary, has ceased to be a subsidiary following its liquidation effective June 10, 2025. The Japanese entity had a turnover of just Rs. 0.78 crore in calendar year 2024 and a net worth of Rs. 14.41 crore as of December 31, 2024. It contributed a negligible 0.00008% to Reliance's consolidated turnover and 0.0018% to its consolidated net worth for FY25, making it financially insignificant to the parent company.
This liquidation is immaterial for Reliance shareholders — the entity was a tiny part of the group and its winding-up will not meaningfully affect the company's financials, operations, or stock price.