Konstelec Engineers Limited has announced that its associate company, Konstelec Hitech Engineers Private Limited, has filed an application with the Registrar of Companies (ROC) to strike off its name from the official records. This move is in accordance with Section 248 of the Companies Act, 2013, and the relevant rules therein.
The application for striking off was submitted on 21 March 2026, and the process is expected to be completed within six months, contingent upon receiving the necessary approvals from the Ministry of Corporate Affairs and other statutory authorities. Konstelec Engineers has committed to informing the stock exchange upon the completion of the strike-off process.
According to the details provided in Annexure-A of the filing, Konstelec Hitech Engineers Private Limited reported no revenue from operations for the financial year ending 31 March 2025. The associate company’s net worth stood at ₹4,06,270, which is considered insignificant to the total net worth of Konstelec Engineers Limited.
The decision to strike off the associate company comes as part of Konstelec Engineers’ regular corporate restructuring and compliance with regulatory requirements. No sale agreement has been entered into, and the process does not involve any consideration received or related party transactions.
Konstelec Engineers Limited, a consulting engineering and EPC services provider, continues to focus on its core operations and strategic objectives, ensuring compliance with all regulatory obligations.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).