Tata Communications Limited announced the voluntary dissolution of its wholly owned indirect subsidiary, BUC Mobile, Inc., based in Delaware, USA, effective February 16, 2026. This action followed the completion of all requisite filings. The subsidiary contributed ₹766.70 crore (3.32%) in turnover and held a net worth of ₹790.15 crore (12.87%) for the last fiscal year (FY25).
Voluntary Dissolution of Indirect Subsidiary
Tata Communications Limited has formally intimated the dissolution of BUC Mobile, Inc., which was a wholly owned indirect subsidiary domiciled in Delaware, United States of America. The dissolution was executed voluntarily, effective February 16, 2026, subsequent to the completion of necessary statutory filings with the Secretary of State of Delaware.
Financial Impact Summary (FY25)
The disclosure outlines the financial contribution of the dissolved entity for the financial year ended March 31, 2025 (FY25). The subsidiary contributed substantially to the parent company’s metrics:
- Turnover/Revenue: ₹766.70 crore, representing 3.32% of the total turnover.
- Net Worth: ₹790.15 crore, accounting for 12.87% of the listed entity’s net worth.
Transaction Details
Since the entity was dissolved rather than sold, there was no agreement date recorded, and the completion date aligns with the dissolution date of February 16, 2026. Consequently, no consideration was received by the Company following the dissolution. Furthermore, the disclosure confirms that the arrangement does Not Apply to transactions with promoters, related party dealings, or external scheme arrangements.
Source: BSE
