Superhouse Limited has informed the Exchange regarding 'Dissolution of wholly owned foreign subsidiary'.
SUPERHOUSE · price
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Superhouse Limited has dissolved its wholly owned US subsidiary, Superhouse (USA) International, Inc., effective May 27, 2025. The subsidiary was struck off the US company registry after formal dissolution proceedings. Importantly, the subsidiary was not classified as a material subsidiary and contributed nil turnover and nil net worth in the last financial year, indicating it was non-operational or dormant. The company has made the disclosure under SEBI's Listing Regulations to keep the exchanges informed. There is no consideration involved since this is a dissolution rather than a sale.
This is a routine corporate housekeeping action with no material financial impact on Superhouse Limited or its shareholders, as the dissolved entity had no revenue or net worth. It is unlikely to have any meaningful effect on the stock price.