Kalpataru Projects International Limited (KPIL), formerly known as Kalpataru Power Transmission Limited, announced the striking off of its wholly-owned subsidiary, Adeshwar Infrabuild Limited, from the register of companies. This action follows a voluntary application submitted by Adeshwar to the jurisdictional Registrar of Companies (ROC).
Key Details:
- Date of Strike-Off: December 28, 2024, as per ROC notice.
- Date of Receipt: January 4, 2025.
- Subsidiary Status: Adeshwar Infrabuild Limited has ceased to be a wholly-owned subsidiary of KPIL.
- Operational Contribution: Adeshwar was a non-operating entity, contributing nothing to KPIL’s consolidated turnover and holding a net worth of negative ₹24.99 lakh for FY 2023-24.
The company clarified that this decision aligns with its ongoing efforts to streamline its corporate structure and focus on core operations. Investors are advised to note this development for record purposes.
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