Wholly owned subsidiary approved for voluntary liquidation; step-down arm to become direct subsidiary
Board and Members of Algebra Endeavour Private Limited, a wholly owned subsidiary, at their respective meetings held on October 15, 2026, approved its voluntary liquidation under Section 59 of the Insolvency and Bankruptcy Code, 2016.
By ScoutQuest · · 2 min read
- AEPL Turnover (as on March 31, 2026)
- Rs.0.02 crores
- AEPL Net Worth (as on March 31, 2026)
- Rs.115 crores
- AEPL Net Worth vs Company Net Worth
- 1.12% of company net worth
Voluntary liquidation of a wholly owned subsidiary
- The Board and Members of Algebra Endeavour Private Limited (AEPL), a wholly owned subsidiary, at their respective meetings held on October 15, 2026, approved the voluntary liquidation of AEPL under Section 59 of the Insolvency and Bankruptcy Code, 2016.
What changes after the process
- Upon completion of the voluntary liquidation process and dissolution of AEPL, Vadraj Energy (Gujarat) Limited (VEGL), a step-down subsidiary of the company, will become a wholly owned subsidiary of the company.
- The company states that this will simplify the group structure.
What AEPL contributes today
- Turnover as on March 31, 2026: Rs.0.02 crores.
- Percentage contribution to the company's turnover: Nil.
- Net worth as on March 31, 2026: Rs.115 crores.
- Percentage contribution to the company's net worth: 1.12%.
Timeline and other particulars
- Expected date of completion: upon receipt of an order from the National Company Law Tribunal.
- The annexure records the particulars on the agreement for sale, consideration received, details of buyers, related party transaction status and slump sale as Not Applicable.
How a retail investor can read this
- Voluntary liquidation is a winding-up step taken by a subsidiary's own board and members. The annexure treats the sale, buyer and consideration items as Not Applicable.
- The change is to the group structure: AEPL goes out of the chain and a step-down entity moves one level up to become a direct wholly owned subsidiary.
- AEPL's turnover is Rs.0.02 crores with Nil contribution to the company's turnover, while its net worth is stated at Rs.115 crores, or 1.12% of the company's net worth.
- The step takes effect on completion of the liquidation process and dissolution, which the company links to an order from the National Company Law Tribunal.
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More numbers
- AEPL turnover as on March 31, 2026Rs.0.02 crores
- AEPL percentage contribution to Company's turnoverNil
- AEPL net worth as on March 31, 2026Rs.115 crores
- AEPL percentage contribution to Company's net worth1.12%
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