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.
Awaiting price reaction for this filing.
Reliance Industries Limited (RIL) has informed the stock exchanges that REC Solar (Japan) Co., Ltd., a step-down wholly owned subsidiary, has ceased to be a subsidiary upon its liquidation effective June 10, 2025. REC Solar (Japan) reported a turnover of just Rs. 0.78 crore in calendar year 2024 and had a net worth of Rs. 14.41 crore as of December 31, 2024. Its contribution to RIL's consolidated turnover and net worth for FY25 was negligible at 0.00008% and 0.0018% respectively. The company received the intimation about the liquidation on June 11, 2025.
This is a routine housekeeping announcement with no meaningful financial impact on Reliance Industries. The liquidated subsidiary was immaterial to the company's consolidated financials, so shareholders should not expect any notable effect on earnings, book value, or stock price.