Greaves Cotton Limited — Important, 28-02-2025: Sale or disposal

Greaves Technologies Inc (GTI), a step-down wholly owned subsidiary of Greaves Cotton Limited, has applied for voluntary dissolution with Delaware statutory authorities, effective from February 28, 2025, pending necessary approvals. For the financial year 2023-24, GTI reported a revenue of Rs. 0.29 crore and a loss of Rs. 0.06 crore, contributing a nominal 0.01% to the consolidated revenue of Greaves Cotton. The dissolution aims to streamline operations and enhance overall corporate performance. Importantly, this step is not expected to impact the overall business or revenue of Greaves Cotton. Investors should monitor this development as part of the company's strategic restructuring efforts, offering a simplified group structure moving forward.