Jai Balaji Industries Shuts Uganda Subsidiary After Zero Operational Activity

Image Source : BigMint

Jai Balaji Industries Ltd has approved the closure of its wholly owned Ugandan subsidiary, Kesarisuta Industries Uganda Ltd, citing noncommencement of operations since its incorporation in July 2023. The decision was formalized during the board meeting held on April 16, 2025.

Key Highlights:

The subsidiary was set up to explore opportunities in ductile iron pipe manufacturing and sales within East Africa.
Despite holding 99% equity, the company confirmed that Kesarisuta Industries Uganda Ltd did not initiate any business activity, transactions, or revenue generation.
The closure will have no financial impact on Jai Balaji’s consolidated revenue or net worth, as the unit was nonmaterial and inactive.

Strategic Context:

The move aligns with Jai Balaji’s focus on core domestic operations and capital efficiency.
The company continues to expand its footprint in India through integrated steel manufacturing and infrastructuregrade products.

Sources: Jai Balaji Industries Investor Filings, MarketScreener, Trendlyne.