Bhageria Industries Limited has officially completed the liquidation of its wholly owned foreign subsidiary, Bhageria Industries Holding Company W.L.L., incorporated in the Kingdom of Bahrain. The company informed the stock exchanges on Friday, November 28, confirming that the liquidation became effective on November 20, 2025.
In its regulatory filing, Bhageria Industries said the update follows its earlier disclosure made on August 2, 2025. The subsidiary has been dissolved as per Bahrain’s applicable legal procedures, and the company has now concluded all formalities related to the process.
According to the Annexure submitted with the filing, the subsidiary contributed no revenue in FY 2024–25, and its net worth stood at Rs 1.29 lakh as of March 31, 2025.
Why the subsidiary was shut down
Bhageria explained that the subsidiary was set up to support its first international solar EPC project secured in Bahrain during FY 2023–24. Alongside the subsidiary, a foreign branch office had also been established for operational purposes. With the branch office now “operationally sufficient,” the company decided that maintaining the subsidiary was unnecessary.
The liquidation was undertaken to streamline the company’s international corporate structure and reduce compliance requirements, the filing noted. The process was completed in accordance with rules laid out by Bahrain’s Ministry of Industry and Commerce (MOIC) and other relevant authorities.
The company has also stated that this information will be made available on its website.
