German step-down subsidiary placed under voluntary solvent liquidation

add solution GmbH, Germany, a step-down subsidiary, is under voluntary solvent liquidation.

Sat 3 Oct 2026

Unit turnover (FY26)

INR 1,562.20 lakh (1.35%)

Unit net worth (FY26)

-1,437.11 lakh (-1.96%)

Members' special resolution date

24 September 2026

Dissolution effective date

25 September 2026

German Commercial Register registration

1st October 2026

Subsidiary wound up

• add solution GmbH, Germany, a step-down subsidiary of the company, has been placed under voluntary solvent liquidation.
• As per the German Commercial Register extract dated 2 October 2026, the entity has been dissolved for the purpose of winding up its affairs.
• The unit was into continuous losses for the past several quarters due to the downturn in the automotive industry in Germany.
• The company states the voluntary liquidation is part of the Group's business rationalization initiatives and is not expected to have any material impact on the operations or profitability of the Company.
• The liquidation process shall be carried out in accordance with the applicable laws of Germany.

Size of the unit (as on March 31, 2026)

• Turnover: 1,562.20 (in INR Lakhs), which is 1.35% of the company's turnover.
• Net worth: -1,437.11 (in INR Lakhs), which is -1.96%.

These are the figures disclosed for the turnover and net worth contributed by the unit in the last financial year, so the reader can see the size of the unit being wound up.

Key dates

• The members' special resolution for voluntary dissolution of add solution was adopted on 24 September 2026, with the dissolution becoming effective as of 25 September 2026.
• The dissolution was registered with the German Commercial Register on 1st October 2026, effective from September 25, 2026.
• The winding up process shall be completed as per the law as applicable in Germany.

Other details given in the annexure

• Assets to be received on liquidation shall not be material.
• Buyers: Not Applicable; the transaction does not fall within related party transactions.
• Outside a Scheme of Arrangement: Not Applicable; slump sale disclosures: Not Applicable.

What this disclosure gives investors

The announcement identifies the unit, the reason stated for the winding up (continuous losses amid the downturn in the German automotive industry), the stage reached in the process, and the unit's share of turnover and net worth for the last financial year. The company's stated expectation on the effect on its operations and profitability is part of the disclosure.

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