Centum Electronics to Discontinue Operations of Canadian Subsidiaries
Centum Electronics will discontinue operations of its Canadian subsidiaries, Centum E&S and Centum T&S, due to consistent losses. The company expects closure before March 31, 2026. The subsidiaries contributed a combined turnover of approximately ₹8.3 crore in the last financial year.
The discontinuation of two subsidiaries, while not a core business segment, will have a moderate impact on the company's overall structure and financial performance, especially given their accumulated losses.
The company is discontinuing operations of its subsidiaries due to accumulated losses, indicating a negative development.
Centum Electronics Limited has announced the discontinuation of operations for its fourth-level subsidiary entities in Canada, Centum E&S (Centum Équipements ET Systémes) and Centum T&S (Centum Technologies ET Solutions). The decision was approved by the Board of Directors at a meeting held on December 19, 2025.
The Canadian businesses have been consistently loss-making, accumulating losses over several years. As of March 31, 2025, Centum E&S contributed a turnover of ₹5.15 crore (11,641 crore consolidated) representing 4.42%, with a net worth of ₹(1.68) crore. Centum T&S had a turnover of ₹3.15 crore (11,641 crore consolidated) representing 2.71%, with a net worth of ₹(3.41) crore. The company expects the closure of operations to be completed before March 31, 2026.
No binding agreement has been entered into for the sale of these units.
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