E.I.D. – Parry (India) Limited announced the dissolution of its wholly-owned subsidiary, Alimtec S.A., effective September 22, 2025. This follows the Board’s approval for the sale of assets and dissolution, initially announced on August 9, 2023. Alimtec SA had ceased all operations since March 20, 2023, and therefore had no contribution to the parent company’s revenue or income in the last financial year.
Alimtec SA’s Dissolution
E.I.D. – Parry (India) Limited has officially dissolved its wholly-owned subsidiary, Alimtec S.A. The dissolution is effective as of September 22, 2025. This action aligns with the Board of Directors’ previously approved plan for asset sales and dissolution.
Background of the Dissolution
The initial decision to sell the assets and dissolve Alimtec S.A. was made by the Board and announced on August 9, 2023. Alimtec S.A. had already ceased all operations from March 20, 2023.
Financial Impact
As Alimtec S.A. had ceased operations since March 20, 2023, it did not contribute any revenue or income to E.I.D. – Parry in the last financial year.
Source: BSE
