Power Finance Corporation Limited (PFC) has disclosed that three of its wholly-owned subsidiary companies have been struck off by the Registrar of Companies effective June 1, 2026, under Section 248 of the Companies Act, 2013.
The three subsidiaries dissolved are:
1. Deoghar Infra Limited
2. Deoghar Mega Power Limited
3. Jharkhand Infrapower Limited
The disclosure explicitly states that these subsidiaries were not material to PFC. They were originally incorporated under the Companies Act, 1956 as Special Purpose Vehicles (SPVs).
The Ministry of Power, Government of India, provided approval for the closure/striking off of these companies on November 27, 2025. Following this approval, the required documents for closure/striking off were filed with the Ministry of Corporate Affairs (MCA), which subsequently granted approval on the effective date of June 1, 2026.
The document serves as a regulatory compliance disclosure to the stock exchanges (National Stock Exchange of India Limited and BSE Limited) for information and dissemination purposes.
Financial Impact
The disclosure specifically states that the subsidiaries were "not a material subsidiary" of PFC, indicating no material financial impact on the company.