The Board at its meeting held on November 07, 2025 has approved and consented to the strike-off and dissolution of its wholly-owned subsidiary company, A. K. Capital (Singapore) Pte. Ltd.
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The board of AK Capital Services Ltd, at its meeting on November 7, 2025, approved the filing of an application to strike off and dissolve its wholly-owned subsidiary, A. K. Capital (Singapore) Pte. Ltd., with the Singapore Registrar of Companies. The Singapore subsidiary has had no business activity for the last two years, is non-operational, and is classified as a non-material subsidiary. It contributed nil revenue and nil net worth during the last financial year. Once the strike-off process is completed and approved by Singapore authorities, the entity will cease to be a subsidiary of AK Capital Services.
This is a routine corporate cleanup of a dormant, non-revenue-generating foreign subsidiary and is unlikely to have any material impact on the stock price or shareholder value.