VLS Finance Subsidiary VLS Asset Management Struck Off

Key Event Details

VLS Asset Management Limited, a subsidiary of VLS Finance Ltd, applied for voluntary strike-off under Section 248 of the Companies Act, 2013. The Registrar of Companies, Delhi approved this application on October 19, 2026, resulting in the company's name being struck off from the Register of Companies and the subsidiary being dissolved effective the same date.

Financial Impact Assessment

The disclosure explicitly states that the dissolved subsidiary contributed:

• Nil turnover or revenue or income during the last financial year
• Nil net worth contribution during the last financial year

The company confirms this event does not qualify as sale of any units, divisions, or substantially the whole undertaking of the subsidiary.

Effective Date

VLS Asset Management Limited ceased to be a subsidiary of VLS Finance Ltd effective October 19, 2026.

Transaction Details

• No agreement for sale was entered into (voluntary strike-off)
• No consideration received from the dissolution
• No buyers involved in the transaction
• Does not qualify as related party transaction
• Not a slump sale or disposal under Scheme of Arrangement