Embassy Developments has announced the voluntary strike-off of two of its step-down subsidiaries, Varali Real Estate Limited (VREL) and Devona Infrastructure Limited (DIL), as part of its ongoing efforts to streamline its corporate structure. The dissolution of these entities is aimed at reducing administrative and compliance costs.
The company confirmed that VREL and DIL have been officially struck off from the register of companies maintained by the Registrar of Companies (ROC). This action follows a voluntary application filed with the ROC, and both subsidiaries are now dissolved and no longer part of Embassy Developments.
The strike-off does not constitute a sale of any unit, division, or substantial part of the company’s undertakings or subsidiaries. However, in line with good corporate governance practices, Embassy Developments has disclosed the event in the format prescribed under the SEBI Master Circular dated January 30, 2026.
The company clarified that the subsidiaries in question did not contribute any turnover, revenue, or net worth during the last financial year. The date mentioned in the notice of striking off issued by the ROC is April 20, 2026.
This move is part of Embassy Developments’ strategic initiative to simplify its organisational framework and focus on core operations.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).