Nuvoco Vistas Corporation Limited has announced the voluntary liquidation of its wholly-owned subsidiary, Algebra Endeavour Private Limited (AEPL). The decision was made during the meetings of both the board and members of AEPL on 15th October 2026. This move is in compliance with the provisions of Section 59 of the Insolvency and Bankruptcy Code, 2016, as disclosed by the company in a regulatory filing to the National Stock Exchange of India (NSE).
The filing, made in line with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the SEBI Master Circular issued in July 2023, highlights that the dissolution of AEPL will have a simplifying effect on Nuvoco…