East Coast Bauxite Mining Company Struck Off, Ceasing Status as Subsidiary of Hindalco Industries Limited
East Coast Bauxite Mining Company Private Limited (East Coast), a wholly owned subsidiary of Hindalco Industries Limited, has been struck off by the Registrar of Companies, Cuttack, Ministry of Corporate Affairs. The company was voluntarily struck off following an application for voluntary strike off, making it no longer a wholly owned subsidiary of Hindalco Industries Limited, effective June 22, 2026.The cessation of East Coast as a subsidiary means that the operational and financial changes are related to this dissolution event. Hindalco Industries Limited stated that this action will have no material impact on the operations or financial position of the Company.
Details concerning the former subsidiary in relation to the SEBI Circular requirements include:
| Particulars | Details |
|---|---|
| Turnover or revenue or income and net worth contributed during the last financial year | Nil |
| Date on which the agreement for sale has been entered into | Not Applicable, since this is a case of voluntary strike-off and consequent dissolution. |
| Expected date of completion of sale/disposal | Not Applicable, since this is a case of voluntary strike-off and consequent dissolution. |
| Consideration received from such sale/disposal | Not Applicable, since this is a case of voluntary strike-off and consequent dissolution. |
| Brief details of buyers | Not Applicable, since this is a case of voluntary strike-off and consequent dissolution. |
| Whether the transaction would fall within related party transactions | Not Applicable, since this is a case of voluntary strike-off and consequent dissolution. |
| Whether the sale, lease or disposal of the undertaking is outside Scheme of Arrangement | Not Applicable, since this is a case of voluntary strike-off and consequent dissolution. |
TITAN Stock Price Movement
On Monday, Titan Company Limited shares slipped by 1.20% to settle at ₹4372.50 following the daily decline. The stock saw significant volume as 390,835 shares were traded throughout the session.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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