Sumitomo Chemical India Limited has completed the process for voluntary winding up of Excel Crop Care (Europe) N.V., Belgium, an unlisted subsidiary of the company. The said subsidiary now stands wound up and closed.

Sumitomo has held 99% of the equity share capital of Excel Crop Care (Europe) N.V. The subsidiary was not a material subsidiary and was a solvent company and not having financial liabilities on its balance sheet.

The subsidiary had not been having business/commercial activities/sales turnover/profits for the past several years.

The winding up and closure of Excel Crop Care (Europe) N.V. is not likely to impact the business, commercial activities, financial position and financial statements of the company/group in any material manner.