Subsidiary19 Oct 2026, 04:40 pm
VLS Finance Subsidiary VLS Asset Management Struck Off
AI Summary
VLS Finance Ltd has announced the striking-off of its subsidiary, VLS Asset Management Limited, from the Register of Companies effective October 19, 2026. This follows an approved application made by the subsidiary under Section 248 of the Companies Act, 2013. Consequently, VLS Asset Management Limited is no longer a subsidiary of VLS Finance Ltd. The company has stated that this event does not constitute a sale of any undertaking or subsidiary and does not involve any consideration or buyers from the promoter group. The disclosure is made in line with good corporate governance practices.
Key Highlights
- Subsidiary VLS Asset Management Limited has been dissolved.
- Dissolution is effective from October 19, 2026.
- The event is a voluntary strike-off, not a sale.
- No financial consideration or buyer details are applicable.
- Disclosure made as per good corporate governance.
Price Impact
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