Prizor Viztech Limited Announces Cessation of Subsidiary Company
Prizor Viztech Limited (PRIZOR) announced that Prizor Aitech India Limited (PAIL) has ceased to be a subsidiary, effective March 30, 2026. The change occurred due to a preferential issue of equity shares by PAIL, in which Prizor Viztech Limited did not participate.This resulted in a dilution of Prizor Viztech Limited’s shareholding in PAIL, decreasing its stake from 51% to 5%, thereby leading to a loss of control.
The details regarding the cessation are summarized below:
| Particulars | Details |
|---|---|
| Name of the subsidiary | Prizor Aitech India Limited |
| Date of cessation | March 30, 2026 |
| Reason for cessation | Dilution of shareholding resulting from a preferential issue of equity shares, leading to a reduction in ownership below 51% and a loss of control. |
| Shareholding percentage | Pre-cessation: 51%, Post-cessation: 5% |
Mitali Gauswami, Chairman and Managing Director of Prizor Viztech Limited, confirmed the development.
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