
Subsidiary22 Jun 2026, 10:30 pm
Hindalco Subsidiary East Coast Bauxite Mining Struck Off
AI Summary
Hindalco Industries Ltd has announced the strike-off of its wholly-owned subsidiary, East Coast Bauxite Mining Company Private Limited, by the Registrar of Companies, Cuttack. This action follows East Coast's application for voluntary strike-off and dissolution. The subsidiary has ceased to be part of Hindalco's group effective June 22, 2026. The company has stated that this strike-off will have no material impact on its operations or financial position. The subsidiary contributed nil to the company's turnover, revenue, income, and net worth in the last financial year.
Key Highlights
- Hindalco's wholly-owned subsidiary, East Coast Bauxite Mining, has been struck off.
- The strike-off is voluntary and effective from June 22, 2026.
- No material impact expected on Hindalco's operations or financials.
- Subsidiary contributed nil to last financial year's revenue and net worth.
Price Impact
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