Carborundum Universal Winds Up German Subsidiary CAAG

Carborundum Universal discloses voluntary winding up of step-down subsidiary CUMI AWUKO Abrasives GmbH (CAAG), Germany, approved on 30th March 2026.
CAAG contributed Rs. 93 crores turnover (1.9% of consolidated revenue) and had a net worth of Rs. 74 crores as of FY2025.
Estimated financial impact from winding down is Rs. 110–130 crores, subject to asset realisation and obligations.
CAAG is not a material subsidiary; winding up is driven by persistent losses, price competition, overcapacity, and high input costs.