Subsidiary29 Oct 2026, 08:56 am
Reliance Subsidiary Hamleys Franchising to be Struck Off
AI Summary
Reliance Industries Ltd has announced that its step-down subsidiary, Hamleys (Franchising) Limited (HFL), is set to be voluntarily struck off the register and dissolved. The Registrar of Companies in the United Kingdom published a notice indicating dissolution will occur at least 2 months from October 27, 2026. For the calendar year 2025, HFL reported a turnover of ₹56.08 crore, contributing a negligible 0.0048% to Reliance's consolidated turnover for FY 2025-26. As of December 31, 2025, HFL had a net worth of Nil. This action signifies the closure of a minor international subsidiary with minimal financial impact on the parent company.
Key Highlights
- Step-down subsidiary Hamleys (Franchising) Limited to be struck off.
- Dissolution process initiated by UK Registrar of Companies.
- HFL's 2025 turnover was ₹56.08 crore.
- HFL contributed 0.0048% to consolidated turnover in FY26.
- HFL had Nil net worth as of December 31, 2025.
Price Impact
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