RPSG Ventures Limited Subsidiary Dissolves Following NCLT Order
RPSG Ventures Limited announced that its wholly owned subsidiary, Bowlopedia Restaurants India Limited (BRIL), has been dissolved following an order passed by the National Company Law Tribunal (NCLT). The dissolution of BRIL is effective from May 13, 2026.RPSG Ventures Limited, which was formerly known as CESC Ventures Limited, confirmed that the NCLT passed the order approving the application for dissolution of BRIL, which was filed under the provisions of the Insolvency and Bankruptcy Code, 2016.
The company issued a statement clarifying that BRIL was not considered a material subsidiary and that the dissolution event will not materially impact the financials or ongoing operations of RPSG Ventures Limited.
Subsidiary Operational Details
The announcement provided comprehensive details regarding BRIL's operations and financial standing. At the end of the financial year March 31, 2025, the subsidiary reported zero revenue from operations, with a recorded net worth of 4.84 lakhs.The details pertaining to the subsidiary's contribution and status are summarized below:
| Metric | Details (As at March 31, 2025) | Contribution Percentage |
|---|---|---|
| Revenue from Operations | Rs. 0 | 0% |
| Net Worth | Rs. 4.84 lakhs | 0% |
The notice also outlined key details regarding the dissolution process. The voluntary liquidation process of BRIL commenced on November 24, 2025, after which the liquidator filed the application for dissolution before the NCLT. The subsidiary's unit was not involved in any sales or disposals, making the relevant data fields such as sale consideration and expected completion dates "Not Applicable."
RPSGVENT Stock Price Movement
As of 3:06 PM, shares of RPSG VENTURES LIMITED are edging higher to ₹966.7, gaining 0.39% in live trading. The stock shows notable momentum, driven by 31,073 shares trading 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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