B.C. Power Controls to Divest Wholly Owned Subsidiary Proxima Industries

BC Power Controls Limited, a prominent player in the power sector, has announced significant corporate decisions and financial results following its board meeting held on August 7, 2025.

Divestment of Proxima Industries

The company's board has approved the complete divestment of its wholly owned subsidiary, Proxima Industries Private Limited. The transaction, valued at Rs. 10.00 lakh, is set to be executed on or before September 30, 2025. Company directors Chander Shekhar Jain and Nitin Aggarwal will each acquire 50% of the equity shares.

Proxima Industries, which contributed 4.24% to the combined net worth of BC Power Controls and its subsidiaries, had no turnover contribution in the last financial year. The subsidiary was not considered a material asset, eliminating the need for shareholder approval for the divestment.

Financial Performance

The board also approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. While specific figures were not disclosed, the company has submitted these results along with the Auditor's Limited Review Report to the stock exchange.

Corporate Governance

In line with regulatory requirements, BC Power Controls has announced that the trading window closure will end 48 hours after the financial results are made public on August 7, 2025. This measure ensures fair trading practices and prevents insider trading.

Management Commentary

Chander Shekhar Jain, Managing Director of BC Power Controls, signed off on the regulatory filing, underlining the company's commitment to transparent communication with its stakeholders.

The divestment of Proxima Industries appears to be a strategic move by BC Power Controls to streamline its operations and focus on its core business activities. As the power sector continues to evolve, such corporate restructuring efforts may position the company to respond more effectively to market dynamics and opportunities.