Ace Integrated Solutions Limited has informed the Exchange about Intimation under regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding Strike Off of Wholly Owned Subsidiary Company.
ACEINTEG · price
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Ace Integrated Solutions Limited has informed the exchange that its wholly owned subsidiary, Ace Prometric Solutions Private Limited, has been struck off from the records of the Ministry of Corporate Affairs, subject to final approval. The subsidiary was a non-material entity that had no business operations since its incorporation and contributed nil to the company's turnover, revenue, income, or net worth. The company's board had already approved the strike-off, and the process is expected to take 2-3 months, pending MCA's final order. The company is awaiting the formal order from the Registrar of Companies.
This is a routine housekeeping action with no material financial impact, as the subsidiary never operated or contributed to the company's earnings. Shareholders are unlikely to see any meaningful effect on the stock price or business outlook from this strike-off.