Polyplex Corporation Limited Announces Voluntary Dissolution of U.S. Subsidiary, PAR LLC
Polyplex Corporation Limited announced on March 27, 2026, that its step-down subsidiary, PAR LLC, based in the United States of America, has been voluntarily dissolved. The dissolution follows the completion of necessary filings with the Secretary of State of the State of Texas.PAR LLC was a step-down subsidiary of Polyplex Corporation Limited. Following the liquidation of its assets, the full capital contribution along with surplus has been remitted to its immediate parent company.
According to financial data from the fiscal year 2024-25, PAR LLC contributed a turnover of NIL (0%) and a net worth of Rs. 15.55 crore (0.25%) to the company.
The effective date of dissolution is March 27, 2026. No consideration was received from the dissolution.
| S. No. | Particulars | Details |
|---|---|---|
| a) | The amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division or undertaking or subsidiary or associate company of the listed entity during the last financial year. | Financial Year 2024-25: Turnover: NIL (0%) Net Worth: Rs. 15.55 Crore (0.25%) PAR LLC, USA was a step-down subsidiary of the Company. After liquidating its assets, the entire capital contribution along with surplus has been remitted to its immediate parent company |
| c) | The expected date of completion of sale/disposal. | Effective date of dissolution: March 27, 2026 |
Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.