Hindalco Industries Limited reports strike off of wholly owned subsidiary East Coast Bauxite Mining Company
Hindalco Industries Limited has announced the voluntary strike-off of its wholly owned subsidiary, East Coast Bauxite Mining Company Private Limited, effective June 22, 2026. The company's Registrar in Cuttack, Ministry of Corporate Affairs, carried out the strike off under Section 248 of the Companies Act, 2013, following a Notice of Striking Off and Dissolution dated June 22, 2026.As a result of this action, East Coast Bauxite Mining Company Private Limited no longer holds the status of being a wholly owned subsidiary of Hindalco Industries Limited as of the specified date.
The company confirmed that this transition will have no material impact on the operations or financial position of Hindalco Industries Limited.
Details regarding the contributions and related transactions from the erstwhile subsidiary are provided below:
| Particulars | Details |
|---|---|
| Turnover, revenue, income, and net worth contributed by East Coast during the last financial year | Nil |
| Agreement for sale entered into | Not Applicable (due to voluntary strike-off) |
| Expected date of completion of sale/disposal | Not Applicable (due to voluntary strike-off) |
| Consideration received from sale/disposal | Not Applicable (due to voluntary strike-off) |
HINDALCO Stock Price Movement
Hindalco Industries Limited saw its equity gain on Monday, settling at ₹1014.2 as the stock climbed 0.58%. This positive movement was underpinned by strong trading activity, with shares changing hands in a volume exceeding 4.2 million.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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