Hindalco subsidiary East Coast struck off by ROC

East Coast Bauxite Mining Company Private Limited, a wholly owned subsidiary of Hindalco Industries Limited , has been struck off by the Registrar of Companies, Cuttack. The voluntary strike off under Section 248 of the Companies Act, 2013, is effective June 22, 2026, pursuant to an application filed by the subsidiary. Consequently, East Coast has ceased to be a wholly owned subsidiary of the company.

The Notice of Striking Off and Dissolution bears reference number STK-7/001321/2026. The company stated that this action will have no material impact on its operations or financial position.

Financial Impact and Disclosures

The details required under the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026, were disclosed. The subsidiary did not contribute to the company's turnover or net worth during the last financial year.

Sr. No.	Particulars	Details
1	Turnover, revenue, income, or net worth contributed by the subsidiary in the last financial year	Nil
2	Date on which the agreement for sale has been entered into	Not Applicable, since this is the case of voluntary strike-off and consequent dissolution, effective June 22, 2026.
3	Expected date of completion of sale/disposal
4	Consideration received from such sale/disposal
5	Brief details of buyers and whether any belong to the promoter/promoter group/group companies
6	Whether the transaction would fall within related party transactions
7	Whether the sale, lease or disposal is outside Scheme of Arrangement

The filing was made in compliance with Regulation 30 read with Schedule III-Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.58%	-4.60%	-16.44%	+6.48%	+35.88%	+153.04%

Novelis, the subsidiary of Hindalco Industries , is yet to recover the bulk of losses arising from the Oswego impact, with the total financial hit seen at Rs.15000 Crs, according to a report by Moneycontrol.

Oswego Impact on Novelis

The Oswego-related disruption has resulted in a significant financial burden on Novelis, with losses pegged at Rs.15000 Crs. As per the report, the recovery of the bulk of these losses remains pending, indicating that the financial impact continues to linger on the subsidiary's books.

Parameter:	Details
Impacted Entity:	Novelis (Hindalco Arm)
Nature of Impact:	Oswego-related losses
Total Loss Estimated:	Rs.15000 Crs
Recovery Status:	Bulk of losses yet to be recovered

Key Highlights

Novelis, a key international arm of Hindalco Industries, has been significantly affected by the Oswego impact.
The total financial impact from the Oswego disruption is seen at Rs.15000 Crs.
The bulk of these losses are yet to be recovered by Novelis.
The development was reported by Moneycontrol.

The scale of the unrecovered losses underscores the material nature of the Oswego impact on Novelis's financial position. The situation remains a key monitorable for Hindalco Industries as its subsidiary works through the recovery process.