Subsidiary17 Sept 2026, 08:30 pm
Premier Energies subsidiary IBD Solar Powertech wound up
AI Summary
Premier Energies Ltd has announced the winding-up of its step-down wholly owned subsidiary, IBD Solar Powertech (Pvt.) Ltd, incorporated in Bangladesh. IBD had no revenue or commercial operations and had filed for voluntary winding-up by strike-off on October 10, 2023. The winding-up certificate was received on September 16, 2026, confirming the closure effective September 13, 2026. As of March 31, 2026, IBD reported nil revenue and a net worth of approximately ₹2.09 lakh.
Key Highlights
- Premier Energies' Bangladesh subsidiary, IBD Solar Powertech, has been officially wound up.
- The subsidiary had no revenue or commercial operations prior to winding up.
- Winding-up was voluntary via strike-off, effective September 13, 2026.
- IBD reported nil revenue and a net worth of ₹2.09 lakh as of March 31, 2026.
Price Impact
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