Jai Balaji Industries to Shutter Inactive Ugandan Subsidiary Jul 11, 2025
Jai Balaji Industries Limited has announced the closure of its wholly-owned subsidiary, M/s. Kesarisuta Industries Uganda Limited. The Board of Directors approved this decision on April 16, 2025, with a notice of cessation published in the Uganda Gazette on June 27, 2025. The subsidiary had not commenced any operations since incorporation and was not classified as material. The closure is expected to have minimal impact on Jai Balaji Industries' overall business, with no effect on revenue or operations. The deregistration process is anticipated to be completed within six months.
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