Subsidiary Forbes Edumetry Limited voluntarily liquidated vide High Court Order dated October 01, 2026

Forbes & Company Ltd has informed exchanges that its subsidiary, Forbes Edumetry Limited, has been voluntarily liquidated vide a High Court Order dated October 01, 2026.

Tue 6 Oct 2026

Subsidiary Turnover (as on 31st March, 2026)

Nil

Subsidiary Income (as on 31st March, 2026)

Nil

Subsidiary Net Worth (as on 31st March, 2026)

Nil

The company has told the exchanges that Forbes Edumetry Limited, a subsidiary, has been voluntarily liquidated vide a High Court Order dated October 01, 2026. A voluntary liquidation is a winding up that the subsidiary's own shareholders and creditors set in motion, rather than a sale of the business to a buyer.

How the process ran

• The liquidation was initiated by the shareholders of Forbes Edumetry Limited on December 23, 2014, and by its creditors on December 24, 2014.
• The High Court Order recording the liquidation is dated October 01, 2026.
• The company received intimation of the liquidation on October 5, 2026, at 10.00 PM (IST).
• The subsidiary is described as "Liquidated and deregistered effective October 1, 2026."

What the update records about the subsidiary's numbers

• As on 31st March, 2026, the turnover contributed by the subsidiary was Nil.
• Income was Nil.
• Net worth was Nil.

Other details recorded in the annexure

• The transaction does not fall within related party transactions.
• The sale, lease or disposal of the undertaking is not outside a Scheme of Arrangement.
• The consideration received from the sale or disposal is marked "Not Applicable", and the same applies to details of any buyers.

What this means for a retail investor

A subsidiary being liquidated and deregistered means that entity is wound up and removed from the group's structure. Because the update records its turnover, income and net worth as Nil as on 31st March, 2026, the subsidiary was not contributing to the company's turnover, income or net worth on that date.

The disclosure is therefore an update on the group's structure. It does not involve any buyer, any consideration or any related party transaction.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.