Reliance Industries Limited (RIL) has announced the completion of voluntary winding up for two of its step-down wholly-owned subsidiaries in the United States Reliance NeuComm LLC and Reliance TerraTech Holdings LLC.
The process was formally concluded with the filing of a ‘Certificate of Termination’ with the Secretary of State of Texas on August 18 and 19, 2025, respectively. As a result, both entities have ceased to be subsidiaries of RIL effective from these dates.
Reliance NeuComm LLC was a non-operating company with no contribution to RIL’s consolidated turnover or net worth for FY 2024-25. Its winding up was procedural and will not affect the company’s financial performance.
Reliance TerraTech Holdings LLC had a turnover of ₹0.32 crore and a net worth of ₹0.09 crore for the calendar year 2024. This represents only 0.00003% of consolidated turnover and 0.00001% of consolidated net worth of RIL, highlighting its negligible financial impact.
The voluntary winding up of these subsidiaries is part of RIL’s ongoing portfolio rationalisation and corporate housekeeping strategy. It allows the company to streamline its overseas operations and focus on core business activities without material impact on financials.
Both filings were reported to the BSE, NSE, Luxembourg Stock Exchange, and Singapore Exchange, ensuring transparency and compliance with listing obligations.
Reliance Industries Limited (RIL) shares are trading at ₹1,430.30, up ₹17.30 or 1.22% from the previous close of ₹1,413. The stock opened at ₹1,425, touched an intraday high of ₹1,431.90 and a low of ₹1,420.30, with a VWAP of ₹1,427.96.
Read More: RIL Dividend 2025: Held Shares on Aug 14 Record Date? Know When Will Reliance Dividend Be Paid.
The winding up of these minor US subsidiaries is an administrative step by RIL with no material financial impact. Investors and stakeholders can view this as part of the company’s efforts to optimise its global operations.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Aug 21, 2025, 2:45 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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