Tech Mahindra liquidates wholly-owned subsidiary contributing nil to financials

Tech Mahindra Limited has informed stock exchanges about the voluntary liquidation of its wholly-owned subsidiary, Tech Mahindra Technology Services LLC, effective August 29, 2025. The company received intimation of this liquidation on the same day at 2:36 p.m. (IST).

According to disclosures, Tech Mahindra Technology Services LLC contributed nil to the parent company's turnover, income, and net worth as of March 31, 2025. The liquidation is complete as of today, August 29, 2025, with no consideration received.

This liquidation is not a related party transaction and does not involve any buyers belonging to the promoter or promoter group. The company stated that the transaction falls outside the Scheme of Arrangement and is not a slump sale.