Intimation of investment through acquisition ofshares of Almondz Insolvency Resolutions Services Private Limited, Wholly OwnedSubsidiary of the Company.
ALMONDZ · price
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Almondz Global Securities has acquired the remaining 67,000 equity shares of its subsidiary Almondz Insolvency Resolutions Services Private Limited (AIRSPL) at Rs. 1 per share (face value Rs. 10). With this purchase, AIRSPL becomes a 100% wholly owned subsidiary of the company effective June 27, 2025. AIRSPL, incorporated in 2017, provides insolvency professional and liquidation services under the Insolvency and Bankruptcy Code, 2016, but has reported zero turnover for the last three years. The company stated this acquisition is part of an internal restructuring programme and qualifies as a related party transaction done at arm's length. No government or regulatory approvals were required for this transaction.
This is a minor internal restructuring with negligible financial impact since the subsidiary has no revenue and the consideration is small. It gives the parent full operational control of its insolvency services arm but is unlikely to move the stock price materially.