Prag Agro Farm Limited (PAFL), a wholly-owned subsidiary of ITC Limited, has been voluntarily liquidated. The liquidation is effective from December 10, 2025, following an order from the National Company Law Tribunal, Mumbai Bench. PAFL has ceased to be a subsidiary of ITC Limited.
Subsidiary Liquidation
ITC Limited announces that its wholly-owned subsidiary, Prag Agro Farm Limited (‘PAFL’), has been voluntarily liquidated. The liquidation came into effect on December 10, 2025.
Order Details
The voluntary liquidation follows the order issued by the Hon’ble National Company Law Tribunal, Mumbai Bench on December 10, 2025. The order was officially received on December 18, 2025, at 7:12 p.m.
Financial Impact
The Total Income of Prag Agro Farm Limited (‘PAFL’) for FY 2024-25 was ₹9.62 lakhs, representing approximately 0.0001% of the Total Income of ITC Limited. The net worth of PAFL as of March 31, 2025, was ₹82.11 lakhs, representing approximately 0.0013% of ITC Limited’s net worth.
Source: BSE
