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Finolex Cables informs about liquidation

25 Jun 2024 Evaluate

Pursuant to Regulation 30(4)(i) read with Clause 1 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. Finolex Cables has informed that Finolex Optical Fibre (Joint Venture of the Company) stands Liquidated in accordance with Section 59(7) of the Insolvency and Bankruptcy Code, 2016 read with Regulation 9 of the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017, vide National Company Law Tribunal’s (‘NCLT’), Mumbai Bench (Court-VI) order dated 06th June 2024. The copy of same is received as on 24th June, 2024. The liquidation of Corning Finolex Optical Fibre, the Joint Venture Company, will not affect any business/accounting policies and will not have any material impact on the financials of the Company. Details as required under the aforesaid SEBI Circular are being furnished in an Annexure, attached.

The above information is a part of company’s filings submitted to BSE.

Finolex Cables Share Price

943.60 30.00 (3.28%)
17-Apr-2026 16:59 View Price Chart
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