The Phoenix Mills announced that the Ministry of Corporate Affairs has approved the voluntary strike-off of three non-material wholly-owned subsidiaries: Enhance Holdings Private Limited (‘EHPL’), Sangam Infrabuild Corporation Private Limited(‘SICPL’), and Bartraya Mall Development Company Private Limited (‘BMDCPL’). Consequently, these companies have ceased to be wholly-owned subsidiaries, effective July 14, 2025.
Subsidiary Restructuring
The Phoenix Mills has received approval from the Ministry of Corporate Affairs for the voluntary strike-off of several non-material wholly-owned subsidiaries. This restructuring aims to streamline the company’s operations and reduce administrative overhead.
Details of Subsidiaries Involved
The subsidiaries involved in this strike-off are:
- Enhance Holdings Private Limited (‘EHPL’)
- Sangam Infrabuild Corporation Private Limited(‘SICPL’)
- Bartraya Mall Development Company Private Limited (‘BMDCPL’)
As of July 14, 2025, these entities are no longer recognized as wholly-owned subsidiaries of The Phoenix Mills.
Source: BSE