NewsNCLT Approves Dissolution of RPSG Ventures' Wholly Owned Subsidiary Bowlopedia Restaurants India LimitedNCLT Approves Dissolution of RPSG Ventures' Wholly Owned Subsidiary Bowlopedia Restaurants India Limited
The NCLT approved the dissolution of Bowlopedia Restaurants India Limited (BRIL), a wholly owned subsidiary of RPSG Ventures Limited, effective May 13, 2026, under the Insolvency and Bankruptcy Code, 2016. The voluntary liquidation process had commenced on November 24, 2025. As at March 31, 2025, BRIL reported zero revenue from operations and a net worth of Rs. 4.84 lakhs, contributing 0% to the parent company's financials. RPSG Ventures confirmed that the dissolution will have no material impact on its financials or operations.
*this image is generated using AI for illustrative purposes only.
RPSG Ventures Limited has informed the stock exchanges that the Hon'ble National Company Law Tribunal (NCLT) has, by its order dated May 13, 2026, approved the dissolution of Bowlopedia Restaurants India Limited (BRIL), a wholly owned subsidiary of the company. The intimation was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and filed on May 14, 2026.
Dissolution of Bowlopedia Restaurants India Limited
BRIL stands dissolved with effect from May 13, 2026, in terms of the NCLT order. The dissolution was carried out under the provisions of the Insolvency and Bankruptcy Code, 2016, read with the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017, and all other applicable laws, rules, and regulations. The voluntary liquidation process of BRIL commenced on November 24, 2025, following which an application for dissolution was filed by the Liquidator before the Hon'ble NCLT.
Key Details as Disclosed Under Regulation 30
The company has provided the following disclosures as required under Regulation 30 of the SEBI Listing Regulations, read with the SEBI Master Circular dated January 30, 2026:
| Parameter: | Details |
|---|---|
| Subsidiary Name: | Bowlopedia Restaurants India Limited (BRIL) |
| Relationship: | Wholly Owned Subsidiary |
| NCLT Order Date: | May 13, 2026 |
| Dissolution Effective Date: | May 13, 2026 |
| Voluntary Liquidation Commencement: | November 24, 2025 |
| Revenue from Operations (as at March 31, 2025): | Rs. 0 (zero) |
| Percentage Contribution to Revenue: | 0% |
| Net Worth (as at March 31, 2025): | Rs. 4.84 lakhs |
| Net Worth Percentage Contribution: | 0% |
| Sale/Disposal Consideration: | Not Applicable |
| Related Party Transaction: | Not Applicable |
No Material Impact on RPSG Ventures
RPSG Ventures has clarified that BRIL was not a material subsidiary of the company. As at March 31, 2025, BRIL reported zero revenue from operations and a net worth of Rs. 4.84 lakhs, contributing 0% to the consolidated financials of the parent company. The company has confirmed that the dissolution will not have any material impact on its financials or operations.
The disclosure was signed by Sudip Kumar Ghosh, Compliance Officer of RPSG Ventures Limited, on May 14, 2026.
Historical Stock Returns for RPSG Ventures
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.65% | -4.99% | -4.16% | +12.19% | +7.37% | +142.58% |
Does RPSG Ventures have other dormant or non-operational subsidiaries that could undergo similar voluntary liquidation processes in the near future?
How might the streamlining of RPSG Ventures' subsidiary portfolio through dissolutions like BRIL's impact the company's overall corporate governance ratings and investor confidence?
What strategic direction is RPSG Ventures pursuing in the food and beverage or restaurant sector following the exit from its Bowlopedia Restaurants venture?
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