Subsidiary VLS Asset Management struck off; ceases to be subsidiary
VLS Finance's subsidiary VLS Asset Management Ltd has been struck off from the Register of Companies by RoC Delhi, effective 19 October 2026.
By ScoutQuest · · 1 min read
- Effective date
- 19 October 2026
- Contribution in last financial year
- Nil turnover/revenue/income and net worth in the last financial year
- Strike-off basis
- Section 248 of the Companies Act, 2013
What happened
VLS Finance Ltd has informed the exchanges that its subsidiary, VLS Asset Management Limited, has been struck off from the Register of Companies. The Registrar of Companies, Delhi approved the application on 19 October 2026, and the company stands dissolved with effect from that date.
Why the company applied
The update describes this as a voluntary strike-off under Section 248 of the Companies Act, 2013. This route is used to remove a company's name from the official register, following which the company ceases to exist.
Effect on VLS Finance
- VLS Asset Management Limited has ceased to be a subsidiary of VLS Finance with effect from 19 October 2026.
- The update states that this event does not qualify as a sale of any unit, division, or the whole or substantially the whole of any undertaking or subsidiary.
- The disclosure format for sale or disposal of a subsidiary was shared as a precaution; it records that the transaction is not a sale and that the relevant sale-related particulars are not applicable.
Financial contribution
- The turnover, revenue or income contributed by the subsidiary during the last financial year is stated as Nil.
- Its contribution to net worth during the last financial year is also stated as Nil.
What this means for a reader
This is a structural update about a subsidiary being formally dissolved. Because the update records its revenue and net worth contribution as Nil, the event relates to a entity that was not adding to the company's turnover or net worth in the last financial year, based on the disclosure.
Also from VLS Finance
Income Tax Department provisionally attaches promoter's properties; 5,41,394 company shares affected
24 Sep 2026
More numbers
- Turnover/revenue/income and net worth contributed by the subsidiaryNil
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