Him Teknoforge calls off JV with Italian counterparts, no financial impact

Him Teknoforge Ltd is terminating its Joint Venture Agreement with Italian counterparts, leading to the striking off of the JV company, Dinamico Axles & Drive Wheels Private Limited. The company had agreed to subscribe to a 40% shareholding in the JV, but no investment has been made to date. The decision to strike off the JV company was made because it had not commenced any significant business operations. Him Teknoforge, as a shareholder, has consented to this action via a board resolution dated April 13, 2026. There is no financial impact on Him Teknoforge as no capital was infused into the JV company.