Pidilite Industries' Bangladesh Subsidiary, NPBPL, Voluntarily Liquidated
Pidilite Industries' Bangladesh subsidiary, NPBPL, has been voluntarily liquidated effective August 19, 2026. The company received the winding-up certificate on September 2, 2026. NPBPL was inoperative due to lack of business opportunities. Its financials as of March 31, 2026, showed nil turnover and a net loss.
The subsidiary was inoperative and had no turnover, thus its liquidation is unlikely to have any material impact on Pidilite Industries' overall financial performance or business operations.
The liquidation of an inoperative subsidiary is a routine corporate action with no significant financial impact or immediate implications for the parent company's operations or stock performance.
Pidilite Industries Limited has announced the voluntary liquidation of its wholly-owned step-down subsidiary in Bangladesh, Nina Percept (Bangladesh) Private Limited (NPBPL). The company received a copy of the Winding Up Certificate from the Office of the Registrar of Joint Stock Companies and Firms, Bangladesh, on September 2, 2026. NPBPL has been formally liquidated effective August 19, 2026, in accordance with local laws. The subsidiary has remained inoperative since its incorporation due to a lack of business opportunities. As of March 31, 2026, NPBPL reported nil turnover, a loss of BDT 7,01,654, and a net worth of BDT 30,13,824. The liquidation was a voluntary process, and no sale agreement or consideration was involved.
A plain-language summary of a public exchange filing by Pidilite Industries Limited. Read the original for the full detail.