Allied Digital Converts Subsidiary Loan to Equity

Allied Digital Services Ltd discloses conversion of entire outstanding loan to Allied Digital Inc. into 6,868 equity shares worth USD 12.89 million.
The Loan Conversion Agreement with wholly-owned overseas subsidiary Allied Digital Inc. was executed effective March 25, 2026, at USD 1,877.99 per share.
No cash outflow is involved; acquisition is a related-party transaction done at arm's length with no regulatory approvals required.
Allied Digital Inc., incorporated in Delaware, currently has no business operations and a reported turnover of Nil.