Step-down subsidiary completes sale of 100% equity stake in Mileta a.s

Alok Industries International Limited, a step down wholly owned subsidiary, has informed the company that it completed the sale of its 100% equity stake in Mileta a.s. on October 9, 2026.

Sat 10 Oct 2026

Stake Sold

100% equity stake in Mileta a.s.

Completion Date

October 9, 2026

Prior Disclosure Date

December 16, 2025

What was disclosed

• Alok Industries International Limited, a step down wholly owned subsidiary of the company, informed the company that on October 9, 2026 it completed the sale of its 100% equity stake in Mileta a.s.
• Consequently, Mileta a.s. has ceased to be a subsidiary of the company.
• The company states this update follows its earlier disclosure dated December 16, 2025 on the same transaction.

Understanding the terms

• A step down subsidiary is a company held through another subsidiary rather than directly by the listed company. Here, Alok Industries International Limited is the holder of the stake, while Alok Industries Ltd is the listed parent.
• A 100% equity stake means the entire ownership interest held in Mileta a.s. has been sold, so the buyer now holds that stake.
• "Ceased to be a subsidiary" is the formal consequence of the sale: Mileta a.s. is no longer a subsidiary of the company.

How to read this

• This is an update on completion of a transaction that had been disclosed earlier. It confirms that the sale has gone through.
• A divestment of this kind changes the group's structure, since a company that was part of the group is no longer a subsidiary.
• The company has marked this as information for the records, which is how such completion updates are typically shared with the exchanges.

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