The board of  P. H. Capital at its meeting held on 08 October 2026 has approved the incorporation of three subsidiaries in India as detailed below:

(1) AHB Advisors - To carry on the corporate advisory and consultancy business through a dedicated wholly owned subsidiary, as part of the Company's business expansion plans.

(2) StrategicAlpha Research Platforms - To carry on the business of a non-individual research analyst through a dedicated wholly owned subsidiary, as part of the Company's business expansion plans.

(3) Strategic Alpha Asset Management - To carry on the portfolio management business through a dedicated wholly owned subsidiary, as part of the Company's business expansion plans.