Coal India Share Price in Focus After CIL Solar PV Subsidiary Dissolved Under Companies Act

Written by: Neha DubeyUpdated on: 12 May 2026, 8:20 pm IST

Coal India informed exchanges that its wholly owned subsidiary CIL Solar PV Limited has been struck off and dissolved by the MCA.

Coal India Limited informed stock exchanges that its wholly owned subsidiary, CIL Solar PV Limited, has been officially struck off and dissolved under the Companies Act, 2013.

The update follows a notification issued by the Ministry of Corporate Affairs (MCA) and forms part of the company’s regulatory disclosures under SEBI listing norms. The development comes after Coal India had earlier communicated details regarding the proposed closure process.

MCA Approves Dissolution of CIL Solar PV Limited

Coal India stated in its exchange filing that the Ministry of Corporate Affairs issued a notice dated 11 May 2026 confirming the striking off of CIL Solar PV Limited from the Register of Companies.

The company received the communication on 12 May 2026 and informed the stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Following the regulatory action, CIL Solar PV Limited now stands dissolved under Section 248(5) of the Companies Act, 2013.

Subsidiary Was Wholly Owned by Coal India

CIL Solar PV Limited operated as a wholly owned subsidiary of Coal India Limited. The company had previously informed exchanges on 20 April 2026 regarding developments related to the closure process.

The latest MCA notification formally completes the dissolution procedure and removes the entity from the official Register of Companies.

Understanding Section 248 of the Companies Act

Section 248 of the Companies Act, 2013 allows the Registrar of Companies to strike off a company’s name from official records under specified conditions.

The process is generally followed for inactive entities or companies that have applied for voluntary removal from the register subject to regulatory approvals and compliance requirements.

Once the striking-off process is completed, the entity legally ceases to exist.

Coal India Limited Share Price Performance

Shares of Coal India Limited were trading at ₹466.00 on 12 May 2026, up 0.33% from the previous closing price of ₹464.45.

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Conclusion

Coal India has completed the dissolution process of its wholly owned subsidiary CIL Solar PV Limited following approval from the Ministry of Corporate Affairs. The update forms part of the company’s regulatory disclosures and reflects the formal closure of the subsidiary under the Companies Act framework.

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 or 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.

Investments in the securities market are subject to market risks. Read all related documents carefully before investing.

Published on: May 12, 2026, 2:49 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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