VibroPower Corporation Limited Announces Striking Off of Indian Subsidiary

Key Highlights

• Subsidiary Struck Off: VibroPower Generators (India) Private Limited (“VPGI”) has been struck off from the Indian corporate register as of 25 February 2026.
• Reason for Striking Off: VPGI ceased business operations since 2024, prompting the Indian Registrar of Companies to opt for a strike-off instead of a full liquidation under Section 248(2) of the Companies Act 2013.
• No Material Financial Impact: The Company has stated that the striking off of VPGI is not expected to have any material impact on the net tangible assets or earnings per share of VibroPower Corporation Limited or the Group for the financial year ending 31 March 2026.
• Shareholder and Director Interests: None of the Directors or controlling shareholders has any direct or indirect interest in VPGI or its striking off, except through their shareholdings in VibroPower Corporation Limited.
• Board Statement: The announcement was made by CEO Benedict Chen Onn Meng on 25 February 2026.

Details for Investors

VibroPower Corporation Limited has officially announced the completion of the striking off of its wholly-owned subsidiary, VibroPower Generators (India) Private Limited (“VPGI”). The process was initiated in April 2025, following the cessation of business operations by VPGI since 2024.

The Indian Registrar of Companies informed VPGI that, due to its inactivity, the company would be struck off the register instead of undergoing a formal liquidation, as allowed under Section 248(2) of the Companies Act 2013. The process was finalized on 25 February 2026.

According to the Board, this move is not expected to have any material effect on either the Group’s or the Company’s net tangible assets or earnings per share for the financial year ending 31 March 2026. This indicates that the subsidiary likely accounted for a minimal portion of the Group’s overall business and financial performance.

Importantly, the announcement clarifies that there is no direct or indirect interest in VPGI or its striking off among the Company’s Directors or controlling shareholders, except as shareholders of VibroPower Corporation Limited itself. This transparency aims to reassure investors that the decision was operational, not influenced by related party interests.

Potential Impact on Shareholders and Share Price

For shareholders: The striking off of VPGI is not expected to be price sensitive, as the Company has explicitly stated there is no material impact on financials. The closure of the Indian subsidiary appears to be a routine corporate housekeeping matter, reflecting the Group’s efforts to rationalize its corporate structure by removing inactive entities.

The news does not contain any elements that would typically move the share price, such as significant asset disposals, earnings surprises, or changes in business strategy. Nonetheless, shareholders may appreciate the Company’s proactive stance in maintaining a lean and efficient corporate structure.

Conclusion

The striking off of VibroPower Generators (India) Private Limited is a non-material, administrative action, with no anticipated impact on the Group’s financials or operations. Investors should view this as part of normal business practice rather than a significant event affecting share value.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult their financial advisors before making investment decisions.

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