Reliance Industries Limited — Important, 12-06-2025: Sale or disposal

Reliance Industries’ step-down wholly owned subsidiary, REC Solar (Japan) Co., Ltd., has been liquidated and ceased to be a subsidiary. With a turnover of Rs. 0.78 crore and a net worth of Rs. 14.41 crore in 2024, REC Solar’s contribution to Reliance’s consolidated financials was minimal. This liquidation signals a strategic exit from the overseas solar business, with negligible impact on the group’s overall performance.