Himatsingka Seide Limited has informed the Exchange regarding 'Pursuant to Regulations 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations ), we wish to inform you that the Board of Directors of the Company at the Meeting held today i.e., on Saturday, November 7, 2020, with a view to restructure the luxury retail business, approved for liquidation of Twill & Oxford LLC, Dubai, ( T&O ), a Joint Venture Company. The entity would be liquidated subject to applicable laws and approvals in United Arab Emirates and India. Further, Himatsingka Europe Limited, subsidiary, based in United Kingdom, has been striked off and dissolved by the concerned authority. '.