SHREE CEMENT LIMITED has informed the Exchange regarding 'Voluntary Liquidation of Shree Cement East Bengal Foundation(SCEBF) - Wholly Owned Subsidiary of Shree Cement Limited'.
SHREECEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shree Cement's wholly owned subsidiary, Shree Cement East Bengal Foundation (SCEBF), has been voluntarily liquidated following an NCLT Jaipur Bench order dated April 17, 2025, under Section 59 of the Insolvency and Bankruptcy Code, 2016. SCEBF was a Section 8 (non-profit) company and was not a material subsidiary. The order copy was filed with the Registrar of Companies on April 23, 2025, completing the liquidation process. The company has clarified that this liquidation will not affect its business operations, accounting policies, or financials. There is no sale consideration, no buyer involved, and no related party transaction.
This is a non-event for shareholders. Since SCEBF was a non-material, non-profit subsidiary contributing nothing to revenue or net worth, its liquidation has zero financial or operational impact on Shree Cement. The stock is unlikely to react to this disclosure.