Usha Martin Espana S.L. Dissolved; No Impact on Operations
Usha Martin Limited has announced the voluntary dissolution of its step-down wholly owned subsidiary, Usha Martin Espana S.L., located in Spain. The order of dissolution, dated 19th December 2025, was...
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Why is Usha Martin Limited in the news today?
Usha Martin Limited (USHAMART) is in the news due to the dissolution of a subsidiary is a routine corporate action. the company explicitly states there is no impact on its operations or financial position, making the sentiment neutral.
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Usha Martin Espana S.L. Dissolved; No Impact on Operations
December 23, 2025, 03:03 PM
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Usha Martin Limited has announced the voluntary dissolution of its step-down wholly owned subsidiary, Usha Martin Espana S.L., located in Spain. The order of dissolution, dated 19th December 2025, was received by the company via email on 23rd December 2025 at 16:42 p.m. (IST).
The company has stated that this closure will not have any impact on its operations or financial position. The Spanish market will continue to be served through Usha Martin Limited's other European subsidiaries.
For the last financial year, Usha Martin Espana S.L. reported a turnover/revenue of Nil, a loss of EUR 5968, and a negative net worth of EUR 2957. The company has confirmed that this transaction does not fall within related party transactions and is not a slump sale.
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