Tech Mahindra Limited has informed stock exchanges about the voluntary liquidation of its Australian step-down subsidiary, Tech Mahindra Digital Pty Ltd. The IT services company filed the intimation under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Liquidation Details

The liquidation of Tech Mahindra Digital Pty Ltd became effective on Monday, March 9, 2026. Tech Mahindra received formal intimation of the liquidation on March 10, 2026, at 10:56 AM IST. The subsidiary was a wholly-owned subsidiary of Tech Mahindra (Singapore) Pte Limited and operated as a step-down wholly-owned subsidiary of the parent company.

Financial Performance

Tech Mahindra Digital Pty Ltd's financial performance for the year ended March 31, 2025, showed the following metrics:

Regulatory Compliance

The liquidation process adheres to regulatory requirements under SEBI Listing Regulations. Key compliance aspects include:

• The transaction does not fall within related party transactions
• No sale agreement was involved as this was a voluntary liquidation
• No consideration was received from the liquidation process
• The liquidation was conducted outside any scheme of arrangement

Corporate Structure Impact

The liquidated entity served as an intermediate holding company in Tech Mahindra's international operations structure. Tech Mahindra Digital Pty Ltd functioned as a step-down subsidiary, with Tech Mahindra (Singapore) Pte Limited as its immediate parent company.

The company has made the intimation details available on its official website at techmahindra.com/investors/ for stakeholder reference. This corporate restructuring move reflects Tech Mahindra's ongoing optimization of its global subsidiary structure and operational footprint.

Tech Mahindra Limited has officially clarified to stock exchanges that it is not considering any significant headcount reduction, categorically denying market rumours that emerged through social media speculation. The company filed the clarification under Regulation 30(11) of SEBI Listing Regulations on March 9, 2026.

Company's Official Response

The IT services company addressed the speculation proactively after receiving calls and noting social media posts regarding potential workforce reduction. In its communication to BSE Limited and National Stock Exchange of India, Tech Mahindra emphasized that no such proposal is under consideration.

Regulatory Compliance

The company stated it has complied with and continues to comply with relevant disclosure norms under the SEBI Listing Regulations. The clarification was filed on the company's own accord, demonstrating proactive communication with stakeholders regarding market speculation.

Market Communication

Tech Mahindra's response addresses concerns that emerged from social media posts and market calls regarding workforce changes. The company has also uploaded the intimation on its official website at www.techmahindra.com for transparency and broader stakeholder access.

The clarification serves to maintain market confidence and ensure accurate information flow to investors and stakeholders amid circulating rumours about potential organizational changes.