Centum Electronics to Discontinue Operations of Canadian Subsidiaries
Centum Electronics Limited has announced the discontinuation of operations for its fourth-level subsidiary entities in Canada, Centum E&S (Centum Équipements ET Systémes) and Centum T&S (Centum Techno...
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Why is Centum Electronics Limited in the news today?
Centum Electronics Limited (CENTUM) is in the news due to the company is discontinuing operations of its subsidiaries due to accumulated losses, indicating a negative development.
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Centum Electronics to Discontinue Operations of Canadian Subsidiaries
December 19, 2025, 01:10 PM
Centum Electronics Limited has announced the discontinuation of operations for its fourth-level subsidiary entities in Canada, Centum E&S (Centum Équipements ET Systémes) and Centum T&S (Centum Technologies ET Solutions). The decision was approved by the Board of Directors at a meeting held on December 19, 2025.
The Canadian businesses have been consistently loss-making, accumulating losses over several years. As of March 31, 2025, Centum E&S contributed a turnover of ₹5.15 crore (11,641 crore consolidated) representing 4.42%, with a net worth of ₹(1.68) crore. Centum T&S had a turnover of ₹3.15 crore (11,641 crore consolidated) representing 2.71%, with a net worth of ₹(3.41) crore. The company expects the closure of operations to be completed before March 31, 2026.
No binding agreement has been entered into for the sale of these units.
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