Voluntary De-Registration (Strike-off) of App-eLearn Pty Ltd (Australia), a step-down subsidiary of the Company, which had no active business operations.
MPSLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
MPS Limited has announced the voluntary strike-off and de-registration of App-eLearn Pty Ltd, its Australian step-down subsidiary, effective 13 May 2026. The company stated that App-eLearn was not a material subsidiary and had no active business operations. The de-registration was carried out under Australia's Corporations Act 2001. MPS explicitly confirmed that this action will have no impact on the company's revenue, operations, or overall business activities. No consideration was received as this was a voluntary closure rather than a sale transaction.
This announcement has negligible impact on MPS Limited shareholders. The strike-off removes a dormant, non-operational subsidiary from the company's structure, which should simplify corporate reporting with no effect on financials or earnings.