REC Systems (Thailand) Co., Ltd., a step-down wholly owned subsidiary of Reliance Industries, has been voluntarily liquidated, effective October 29, 2025. This action follows the Thai Civil and Commercial Code, resulting in REC Systems (Thailand) ceasing to be a subsidiary. In CY 2024, the company had a turnover of Rs. 0.46 crore and net worth of Rs. 0.78 crore.
Voluntary Liquidation of Subsidiary
REC Systems (Thailand) Co., Ltd., a subsidiary of Reliance Industries, has undergone voluntary liquidation, effective October 29, 2025. The liquidation complies with the Thai Civil and Commercial Code.
Financial Details
For the calendar year 2024, REC Systems (Thailand) Co., Ltd. reported a turnover of Rs. 0.46 crore and a net worth of Rs. 0.78 crore as of December 31, 2024. Its contribution to the consolidated turnover and net worth of Reliance Industries was 0.00005% and 0.00010%, respectively, for the financial year 2024-25.
Source: BSE
