Crayons Advertising Limited dissolves wholly owned subsidiary, Crayons Global Media LLC
Crayons Advertising Limited has completed the dissolution of its wholly owned subsidiary, Crayons Global Media LLC. The company confirmed that the subsidiary was dissolved in compliance with the applicable laws and regulatory requirements governing companies in the Emirate of Dubai, United Arab Emirates.The entity, which is registered at Fahidi Heights, 4th Floor, Office No. 176, Al Hamriya, Dubai, United Arab Emirates, had not commenced any business or conducted any operations, transactions, or activities since its incorporation. Management noted that the subsidiary was not a material part of the Company's operations.
The dissolution of Crayons Global Media LLC is expected to have no impact on the revenue or core business of Crayons Advertising Limited, given that the subsidiary had remained inactive since the date of its establishment.
Details regarding the operational status and financials of the dissolved entity during the last financial year are provided below:
| Requirement | Information |
|---|---|
| Turnover or income contributed by the unit in the last financial year | Nil, as Crayons Global Media LLC had not commenced any business since its incorporation. |
| Expected date of completion of dissolution | Dissolved effective from 11th June, 2026 |
| Consideration received from sale/disposal | Not Applicable |
CRAYONS Stock Price Movement
Crayons Advertising Limited saw its stock slip today, settling at ₹29.75 after shedding 2.46% of its value in the market. Trading activity for the day included 73,000 shares changing hands as the equity closed lower.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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