Chambal Fertilisers & Chemicals’ wholly owned subsidiary — India Steamship, India (ISL) has received an approval for the voluntary liquidation as it is not having any business operations. The Board of Directors of ISL on October 29, 2018, approved the same.
The company being a shareholder of ISL, the Board of Directors of the company has also approved the aforesaid voluntary liquidation of ISL on October 29, 2018.
Chambal Fertilisers & Chemicals is one of the largest private sector fertilizer producers in India. It has three divisions catering agri products, shipping & textiles.