EKI Energy Services Limited announced that it has incorporated an offshore wholly owned subsidiary company named "Enking International Pte. Ltd." in Singapore on June 14, 2022. The incorporation will not fall within related party transaction as the entity has become a related party post incorporation.

Industry to which the entity being acquired belongs: Climate sustainable advisory business including carbon footprint assessment & offsetting service and other related activities. Enking International PTE. LTD. has been incorporated with following objects: Opening up access to new markets for products and services; Expanding brand recognition and The arrangement is a part of global expansion strategy.

EKIESL will subscribe to 1,000 equity shares at the face value of SGD 1 each aggregating to SGD 1,000.