Divestment3 Sept 2026, 07:01 pm
Pidilite Industries: Bangladesh Subsidiary Voluntarily Liquidated
AI Summary
Pidilite Industries Ltd has announced the voluntary liquidation of its wholly-owned step-down subsidiary in Bangladesh, Nina Percept (Bangladesh) Private Limited (NPBPL). The liquidation was effective from August 19, 2026, following an order from the Registrar of Joint Stock Companies and Firms, Bangladesh. NPBPL has been inoperative since its incorporation due to a lack of business opportunities. As of March 31, 2026, NPBPL had nil turnover, a net loss of BDT 7,01,654, and a net worth of BDT 30,13,824. The company has confirmed that this is a voluntary liquidation and not a sale, hence no consideration was received.
Key Highlights
- Pidilite's Bangladesh subsidiary, NPBPL, has been voluntarily liquidated.
- The subsidiary was inoperative since incorporation due to lack of business.
- Liquidation effective August 19, 2026, as per Bangladesh regulatory order.
- NPBPL reported nil turnover and a net loss as of March 31, 2026.
Price Impact
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