Bilcare Limited announced the dissolution of its wholly-owned US subsidiary, Bilcare INC, effective 09 September 2026. The dissolution was completed through a voluntary winding-up process.
The subsidiary, incorporated in the United States of America, was confirmed to not be a material subsidiary of Bilcare Limited. Financial details disclosed show that Bilcare INC contributed nil turnover during the last financial year (2025-26).
The company had previously intimated this action to the exchange via letter dated 13 August 2026. The formal Certificate of Dissolution was issued on 16 September 2026.
The communication was signed by Mayur Jitendra Dave, Company Secretary & Compliance Officer of Bilcare Limited, on 19 October 2026.
Financial Impact
No financial impact disclosed as the subsidiary had nil turnover in FY 2025-26 and no consideration was received from the dissolution.