Reliance Power Limited announced the cessation of its wholly owned subsidiary, Reliance Chittagong Power Company Limited, Bangladesh. The disposal is formalized via a voluntary winding up process completed on March 04, 2026. The subsidiary contributed Nil to the parent company’s revenue for FY2025, while its net worth contribution was ₹35 lakhs as of the last financial year end.
Subsidiary Cessation Announcement
Reliance Power Limited has formally informed the stock exchanges regarding the cessation of Reliance Chittagong Power Company Limited, Bangladesh, which previously operated as a wholly owned subsidiary. The official intimation regarding this event was received by the Company on March 05, 2026.
Financial Impact Details
The filing provided necessary disclosure details concerning the cessation, highlighting the financial impact for the financial year ended March 31, 2025:
- Revenue Contribution: Nil (on a consolidated basis).
- Net Worth Contribution: ₹35 lakhs.
Details of Disposal/Winding Up
The cessation is categorized as a Voluntary winding up of the subsidiary. The actual completion date of this process was March 04, 2026. Consistent with the regulatory framework for such disposals, the following points were noted as Not Applicable:
- The date the formal agreement was entered into.
- Expected date of sale/disposal completion (as it was a winding up).
- Any consideration received from a sale.
- Details regarding the buyers or related party transactions.
Furthermore, the Company confirmed that this action does not fall under the Scheme of Arrangement as defined under regulation 37A of the LODR Regulations.
Source: BSE
