Power Finance Corporation Ltd. (PFC) has announced the striking off of three of its wholly owned subsidiaries: Deoghar Infra Limited, Deoghar Mega Power Limited, and Jharkhand Infrapower Limited. The registrar of companies effected the dissolution effective June 1, 2026, under Section 248 of the Companies Act, 2013. These subsidiaries were incorporated as Special Purpose Vehicles (SPVs) and were not material to PFC’s operations. The Ministry of Power approved their closure on November 27, 2025.
PFC Announces Subsidiary Dissolution
Power Finance Corporation Ltd. (PFC) has officially informed stakeholders that three of its wholly owned subsidiaries have been struck off the register of companies. The companies affected are Deoghar Infra Limited, Deoghar Mega Power Limited, and Jharkhand Infrapower Limited. This dissolution became effective on June 1, 2026, in accordance with Section 248 of the Companies Act, 2013.
Rationale and Approval
PFC clarified that these subsidiaries were not considered material to the company’s overall operations. They were initially incorporated under the Companies Act, 1956, primarily to function as Special Purpose Vehicles (SPVs). The decision for their closure and striking off received formal approval from the Ministry of Power, Government of India, on November 27, 2025. Following this approval, the necessary documentation for the dissolution was filed with the Ministry of Corporate Affairs (MCA), which subsequently granted its approval.
Dissemination of Information
This announcement is intended for the information and dissemination among all relevant parties. PFC expressed gratitude for the understanding and cooperation in this matter.
Source: BSE
