Company's step-down subsidiary, CUMI AWUKO Abrasives GmbH, will undergo voluntary winding-up due to continuous underperformance and mounting losses.

Carborundum Universal LimitedCARBORUNIV · Filed with the exchange

This non-material subsidiary had Rs. 93 Cr turnover (1.9% of consolidated revenue). The estimated financial impact is Rs. 110-130 Cr.

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