Tech Mahindra liquidates non-operational step-down subsidiary CTDEV LLC

Tech Mahindra Limited has informed stock exchanges about the voluntary liquidation of its wholly-owned step-down subsidiary, CTDEV LLC. The liquidation was effective Thursday, September 4, 2025, with the intimation received by Tech Mahindra on September 8, 2025.

CTDEV LLC was a non-operational entity and contributed neither turnover nor revenue to Tech Mahindra. As of March 31, 2025, its net worth was reported as INR 0.16 crore, indicating a negligible financial impact on the consolidated financials of the company.

The liquidation falls under Regulation 30 of SEBI Listing Regulations and does not involve any related party transactions or a scheme of arrangement. No consideration was received for the disposal.