Kfin Technologies board has approved a composite scheme of amalgamation for three of its wholly owned subsidiaries, signalling a consolidation of its corporate structure.

Merger details

The board approved the merger of WebileApps (India) Private Limited, Hexagram Fintech Private Limited, and WebileApps Technology Services Private Limited into the parent entity on September 1, 2026. The decision reflects the company's intent to streamline its organisational framework by bringing subsidiary operations under a single corporate umbrella.

Financial overview of entities

As of June 30, 2026, the transferor companies reported the following standalone financials:

Key highlights

• The board formally approved the merger plan for three fully owned subsidiaries: WebileApps, Hexagram Fintech, and WebileApps Tech.
• All three entities are wholly owned or step-down subsidiaries of KFin Technologies, making this an internal consolidation.
• The move is aimed at simplifying the group's corporate structure and reducing the number of legal entities.
• No new shares will be issued, and there will be no change in the shareholding pattern of the listed entity.

KFin Technologies has accepted the resignation of Saijo Menachery from his role as Head – Fund Accounting Solutions. His last working day is set for August 31, 2026.

The company disclosed the development in a filing with stock exchanges on June 3, 2026. Menachery tendered his resignation citing the pursuit of better opportunities.

Resignation Details

Menachery served as a Senior Management Personnel at the firm. The company confirmed that his tenure will conclude on August 31, 2026.

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Alpana Kundu, Company Secretary and Compliance Officer, signed the intimation.