ITC Limited's Subsidiary Prag Agro Farm Limited Voluntarily Liquidated
ITC Limited has announced the voluntary liquidation of its wholly-owned subsidiary, Prag Agro Farm Limited (PAFL). The liquidation became effective on 10th December 2025, following an order from the H...
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Why is ITC Limited in the news today?
ITC Limited (ITC) is in the news due to the liquidation of a small subsidiary with minimal financial contribution does not significantly impact the overall business of itc limited, hence the sentiment is neutral.
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ITC Limited's Subsidiary Prag Agro Farm Limited Voluntarily Liquidated
December 19, 2025, 06:01 AM
ITC Limited has announced the voluntary liquidation of its wholly-owned subsidiary, Prag Agro Farm Limited (PAFL). The liquidation became effective on 10th December 2025, following an order from the Hon’ble National Company Law Tribunal, Mumbai Bench, received by ITC on 18th December 2025.
Consequently, PAFL has ceased to be a wholly-owned subsidiary of ITC Limited. For the financial year 2024-25, PAFL's total income was ₹9.62 lakhs, which represented 0.0001% of ITC Limited's total income for the same period. As of 31st March 2025, PAFL's net worth stood at ₹82.11 lakhs, accounting for 0.0013% of ITC Limited's net worth on that date.
The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Master Circular dated 11th November 2024.
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