Key Event Details

  • Alphageo Offshore Services Private Limited (AOSPL) has ceased to be a subsidiary of Alpha (India) Limited (AGIL) with effect from September 18, 2026.
  • The cessation is consequent to a Rights Issue of equity shares undertaken by AOSPL, wherein AGIL renounced its entitlement.
  • This renunciation resulted in dilution of AGIL's shareholding below 51%, leading to loss of control and AOSPL no longer qualifying as a subsidiary.

Shareholding Impact

  • Pre-cessation shareholding: More than 51%
  • Post-cessation shareholding: Less than 51%