Subsidiary8 Jul 2026, 07:20 pm
Reliance Industries Subsidiary REC US Holdings Dissolved
AI Summary
Reliance Industries Ltd announced the dissolution of its step-down wholly owned subsidiary, REC US Holdings, Inc. The company voluntarily filed for dissolution with the Secretary of State of Delaware on July 6, 2026, and it was effective on the same date. REC US Holdings, Inc. was a non-operating entity with negligible financial impact, having had Nil turnover in calendar year 2025 and a net worth of Rs. 0.0009 crore as of December 31, 2025. This dissolution represents a minor 0.0000001% contribution to Reliance's consolidated net worth for FY2025-26. The subsidiary has ceased to be part of Reliance Industries.
Key Highlights
- Step-down subsidiary REC US Holdings, Inc. has been dissolved.
- Dissolution was voluntary and effective July 6, 2026.
- The subsidiary was non-operating with negligible financial impact.
- No material impact on Reliance Industries' consolidated net worth.
- Company ceased to be a subsidiary as of the dissolution date.
Price Impact
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