MPS Limited Subsidiary App-eLearn Pty Ltd Completes Voluntary De-Registration
MPS Limited has confirmed the voluntary strike off and de-registration of App-eLearn Pty Ltd, a step-down subsidiary incorporated in Australia. The de-registration was completed effective May 13, 2026, in accordance with the provisions of the Corporations Act 2001, Australia, and applicable Australian laws.The company noted that App-eLearn Pty Ltd, which holds ACN: 631 013 897, concluded its status as a step-down subsidiary of MPS Limited with this action.
MPS Limited issued a statement confirming that the de-registration of App-eLearn Pty Ltd does not impact the core operations or business activities of the parent company. The firm highlighted that App-eLearn Pty Ltd was not a material subsidiary and did not have active business operations.
The material details concerning the subsidiary's status and the disposal event are as follows:
| Particulars | Details |
|---|---|
| Subsidiary Name | App-eLearn Pty Ltd (Australia) |
| Nature of Action | Voluntary Strike off / De-registration |
| Effective Date | May 13, 2026 |
| Business Operations | No active business operations; non-material subsidiary |
| Impact on Parent Company | No impact on revenue, operations, or business activities |
| Consideration Received | Not Applicable |
The de-registration marks a clean exit for the subsidiary, confirming that no active business unit operations or associated revenue streams contributed by App-eLearn Pty Ltd were involved.
MPSLTD Stock Price Movement
Today, MPS Limited shares edged higher to close at ₹1633.90, marking a gain of 2.27% for the day. The stock saw 7,047 shares traded during the session, contributing to the positive momentum.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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