Him Teknoforge Ltd — Important, 14-04-2026: Company Update

Him Teknoforge is terminating its Joint Venture Agreement with Italian partners, leading to the striking off of Dinamico Axles & Drive Wheels Private Limited. The company had agreed to a 40% stake in this JV, but no capital was ever invested. Since the JV company never started any significant business operations, the board consented to dissolve it. This move has no financial impact on Him Teknoforge, as no funds were committed or spent on this non-operational venture. It streamlines the company's structure by removing an unutilized entity.