DCM Ltd Subsidiaries Apply for Voluntary Strike Off

DCM Limited has announced that its wholly-owned subsidiaries, DCM Realty and Infrastructure Limited and DCM Infinity Realtors Limited, have applied for voluntary strike-off from the Register of Companies. This action is being taken under Section 248 of the Companies Act, 2013, as these subsidiaries have had no business operations for several years. The strike-off process is expected to be completed upon fulfillment of statutory requirements and receipt of necessary approvals from the Registrar of Companies. The contribution to turnover, revenue, income, and net worth from these subsidiaries was NIL in the last financial year. The disposal is by way of voluntary strike-off and not a sale, hence no consideration is received.