Jai Corp Limited has announced that its wholly-owned subsidiary Jaicorp Welfare Limited has been officially struck off from the Register of Companies by the Ministry of Corporate Affairs on January 27, 2026. The company communicated this development to both BSE Limited and National Stock Exchange of India Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Subsidiary Details and Background

Jaicorp Welfare Limited was classified as an unlisted, non-material, wholly-owned subsidiary of Jai Corp Limited. The subsidiary had ceased all economic activities, leading to the parent company's decision to pursue its closure and liquidation.

Board Approval and Timeline

The closure process was initiated following a Board resolution passed on November 22, 2025. During this meeting, the Board of Jai Corp Limited approved the closure and liquidation of Jaicorp Welfare Limited, citing the subsidiary's lack of economic activity as the primary reason for the decision.

The Ministry of Corporate Affairs confirmed that Jaicorp Welfare Limited "has been struck-off on this day 27/01/2026 from the Register of the Companies" and declared the company as "dissolved." This formal notification marks the completion of the liquidation process that began with the Board's approval in November 2025.

Regulatory Compliance

Jai Corp Limited has fulfilled its disclosure obligations by promptly informing the stock exchanges about this corporate development. The company's communication was addressed to both major Indian stock exchanges where it is listed, ensuring complete transparency with investors and regulatory authorities.

The striking-off of Jaicorp Welfare Limited represents the formal conclusion of a subsidiary that had become inactive, allowing Jai Corp Limited to streamline its corporate structure by eliminating non-operational entities.

The Enforcement Directorate (ED) has initiated significant enforcement action against Jai Corp directors, involving substantial cash seizures and asset freezing measures. The regulatory action represents a major development for the plastic products company, with the agency unable to ascertain the complete financial impact on the company at this stage.

Cash Seizure from Directors

The ED has seized ₹17.40 million in cash from two directors of Jai Corp. This direct cash seizure indicates the agency's enforcement measures against key company personnel as part of their ongoing investigation.

Asset Freezing Action

Beyond the cash seizure, the Enforcement Directorate has frozen demat accounts and mutual fund folios of the unit amounting to ₹990.00 million. The frozen assets represent a significant portion of wealth linked to the investigation.

Financial Impact Assessment

The ED has stated that it is not possible to ascertain the financial impact on the company at this stage. The enforcement actions involve both immediate cash seizures and asset freezing measures, but the full implications for Jai Corp's operations and business performance remain unclear.

Regulatory Implications

The ED's actions against the company's directors represent significant regulatory scrutiny. The enforcement measures involve both immediate cash seizures and longer-term asset freezing of demat accounts and mutual fund folios, indicating the comprehensive scope of the agency's investigation into Jai Corp's affairs.