Sterling and Wilson announced the formal liquidation of its step-down subsidiary, Sterling and Wilson Kazakhstan LLP, effective March 02, 2026, with the final liquidation order received on March 06, 2026. The entity, incorporated in Kazakhstan, had no business activity since its inception and therefore contributed negligible amounts to the parent company’s turnover, revenue, or net worth. The disposal is classified outside any Scheme of Arrangement.
Completion of Subsidiary Liquidation
Sterling and Wilson Renewable Energy Limited has formally disclosed the liquidation of its step-down subsidiary, Sterling and Wilson Kazakhstan LLP. This entity was incorporated in Kazakhstan and the liquidation process was effective as of March 02, 2026.
Status of the Subsidiary
The announcement confirms that the Kazakhstan entity did not possess any business activity during its operational life. Consequently, the amount and percentage of turnover, revenue, income, or net worth contributed by this unit to the listed entity during the last financial year were Not Applicable.
Disposal Details
The final official completion date, based on the Liquidation Order received by the Company, is March 06, 2026. As there was no prior agreement for sale, the consideration received was Not Applicable. Furthermore, the disclosure confirms that this disposal does not fall within related party transactions and is categorized as Not Applicable regarding the provisions for slump sale disclosures.
Source: BSE
