Bhageria Industries liquidates Bahrain subsidiary after solar project

Bhageria Industries Limited announced on November 28, 2025, the liquidation of its wholly owned subsidiary, Bhageria Industries Holding Company W.L.L., incorporated in the Kingdom of Bahrain. The liquidation became effective on November 20, 2025, following applicable laws and procedures in Bahrain.

The decision to liquidate the subsidiary stemmed from Bhageria Industries securing its first international Solar EPC project in Bahrain during FY 2023-24, which led to the establishment of the subsidiary and a foreign branch office. With the branch being operationally sufficient, the board opted to close the subsidiary to streamline the company's international structure and reduce compliance burdens.

The subsidiary did not enter into any binding agreement for sale. As of March 31, 2025, its revenue was Nil, and its net worth stood at INR 1.29. The liquidation was completed in accordance with the rules and regulations of the Ministry of Industry and Commerce (MOIC), Bahrain, and other relevant authorities.