Key Decision
On 25 June 2026, the Board of Directors of Accelya Solutions India Limited, based on the recommendation of the Audit Committee, passed a resolution for striking off Accelya Solutions UK Limited (ASUK), the Company's wholly-owned subsidiary in the United Kingdom. The board meeting was held from 5:00 PM to 6:05 PM.
Rationale and Materiality
The step is being taken to simplify the Accelya group structure. ASUK is not a material subsidiary of the Company.
Financial Impact
ASUK did not have any income during the financial year 2025-26. The turnover amount contributed by ASUK was Nil, representing Nil percentage of the Company's turnover.
Procedural Details
The procedural formalities relating to the voluntary winding up/striking off of ASUK will be completed in due course as per applicable laws. The strike-off is expected to be completed by 30 September 2026.
Consideration and Legal Compliance
Any repayment of proceeds in relation to the strike-off will be done in accordance with applicable Indian and local laws. The transaction does not qualify as a related party transaction and does not involve any buyers.