Oberoi Realty Limited has announced that its Board of Directors has approved the strike-off of its wholly-owned subsidiary, Sight Realty Private Limited, from the Registrar of Companies under Section 248 of the Companies Act, 2013.
The decision was taken during the board meeting held on March 20, 2025. As per the regulatory filing, Sight Realty did not contribute any turnover in the last financial year, and its net worth as of March 31, 2024, stood at ₹2.41 lakh, which is negligible in the company’s overall financials.
The application for the strike-off will be subject to approval from the concerned Registrar of Companies. The company clarified that there is no sale or disposal involved, and the transaction does not fall under related party transactions.
Oberoi Realty Limited continues to streamline its operations and focus on core business areas, with this move being part of its corporate restructuring efforts.
