Goodluck India Limited Strikes Off Wholly Owned Subsidiary Due to Non Operation
Goodluck India Limited has confirmed the closure of its wholly owned subsidiary, GLS STEEL INDIA LIMITED, effective August 25, 2026. The company has struck off the subsidiary from the Register of Companies following its cessation of operations.The closure of GLS STEEL INDIA LIMITED is attributed to the winding up process due to non operation of business.
Goodluck India Limited stated that the winding down of the subsidiary carries no material impact on the financial position or operations of the parent company. Furthermore, the closure results in no change to the shareholding or control structure of Goodluck India Limited.
Key operational details regarding the subsidiary's closure are as follows:
| Detail | Status |
|---|---|
| Date of closure | August 25, 2026 |
| Reason for closure | Winding up due to non operation of Business |
| Contribution to parent company (Turnover/Revenue/Net Worth) | Nil |
| Binding agreement for sale of unit/division | Not Applicable |
GOODLUCK Stock Price Movement
As of 11:19 AM, shares of Goodluck India Limited are slipping by 3.81% in live trading, currently valued at ₹459.50 as the market continues to move. The stock has seen an active trade volume of 189,482 shares during the session so far today.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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