Reliance Infrastructure Limited Announces Striking Off of Subsidiaries

Reliance Infrastructure Limited has announced that its two wholly owned subsidiaries, Reliance Smart Cities Limited and Reliance Property Developers Private Limited, have been struck off by the Registrar of Companies. This disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

On July 16, 2024, Reliance Infrastructure Limited disclosed that its subsidiaries, Reliance Smart Cities Limited and Reliance Property Developers Private Limited, have been officially struck off by the Registrar of Companies under Section 248 of the Companies Act, 2013. The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Key Details:

• Subsidiaries Affected:
  • Reliance Smart Cities Limited
  • Reliance Property Developers Private Limited
• Status: Struck off by the Registrar of Companies
• Financial Contribution: Both subsidiaries had a nil turnover and net worth for the financial year ended March 31, 2024.
• Date of Intimation: The company received intimation on July 16, 2024.
• Reason for Striking Off: The striking off is conducted under the provisions of Section 248 of the Companies Act, 2013.

Disclosure Details (Annexure A):

• Turnover and Net Worth Contribution: Both subsidiaries contributed nil turnover and net worth during the last financial year.
• Agreement for Sale: Not applicable.
• Completion Date of Sale/Disposal: Not applicable.
• Consideration Received: Not applicable.
• Details of Buyers: Not applicable as there were no buyers involved.
• Related Party Transactions: Not applicable.
• Scheme of Arrangement Compliance: Not applicable.

Official Statement: Paresh Rathod, Company Secretary of Reliance Infrastructure Limited, signed the official communication. The company emphasized its adherence to regulatory requirements and transparent communication with stakeholders.