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Hindalco Industries Limited said its wholly owned subsidiary, East Coast Bauxite Mining Company Private Limited, has been struck off by the Registrar of Companies (RoC), Cuttack, after the subsidiary applied for voluntary removal from the register of companies.
{alcircleadd}The Ministry of Corporate Affairs issued a notice on June 22, 2026, confirming the strike-off under Section 248 of the Companies Act, 2013. With effect from the same date, East Coast Bauxite Mining Company is no longer a subsidiary of Hindalco.
According to the company, the move will have no material impact on its business activities or financial position. East Coast did not record any contribution to Hindalco's turnover, revenue or net worth during the last financial year.
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Hindalco said the strike-off was initiated voluntarily and was not linked to any sale, transfer or disposal of the subsidiary. Therefore, no consideration was involved and no buyer details are applicable.
The company added that the development does not fall under related-party transactions and is not connected to any Scheme of Arrangement. As a result, compliance requirements under Regulation 37A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations are not applicable.
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