Subsidiary14 Oct 2026, 07:50 pm
Blue Star Subsidiary Voluntary Strike Off Approved
AI Summary
Blue Star International FZCO, a wholly owned subsidiary of Blue Star Ltd, has approved the voluntary strike-off of its step-down subsidiary, Blue Star Air Conditioning & Refrigeration (U) Limited (BS AC&R UL), based in Uganda. The strike-off is subject to local legal formalities. BS AC&R UL was incorporated on June 27, 2023, and has not commenced any business. As of March 31, 2026, it had a negative net worth of AED 5,31,000 (approximately ₹1.35 crores). The process is expected to be completed by March 31, 2027. Upon completion, BS AC&R UL will cease to be a subsidiary of Blue Star Ltd.
Key Highlights
- Blue Star's step-down subsidiary in Uganda to be voluntarily struck off.
- Subsidiary has not commenced operations and has a negative net worth.
- Strike-off process expected to conclude by March 31, 2027.
- The move will result in the subsidiary ceasing to be part of Blue Star's group.
Price Impact
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