Embassy Developments announces the voluntary strike-off and dissolution of its wholly-owned subsidiary, Ariston Investments Limited (AIL), effective February 4, 2026. As part of a corporate restructuring to simplify operations and reduce administrative costs, AIL has been removed from the register of companies maintained by the Republic of Mauritius (ROC). The dissolution does not constitute a sale of any substantial assets.
Subsidiary Closure
Embassy Developments has completed the voluntary strike-off of its non-operational subsidiary, Ariston Investments Limited (AIL). The company initiated this process as part of an effort to streamline its corporate structure and reduce operational overhead.
Details of the Dissolution
AIL, a wholly-owned subsidiary, has been officially struck off the register maintained by the Registrar of Companies in the Republic of Mauritius. This action confirms the dissolution of AIL and its cessation as a subsidiary of Embassy Developments. The effective date of the dissolution is February 4, 2026.
Financial Impact
The dissolved subsidiary did not contribute any significant turnover, revenue, income, or net worth to the company during the last financial year. The disposal of the subsidiary was executed through a strike-off process. No consideration was received from this action.
Source: BSE
