NSESale or disposal23 Jun 2026 · 23 Jun 2026, 07:37 pm

Sale or disposal

Tech Mahindra Limited · TECHM

✦ AI SummaryDivestiture

Tech Mahindra Limited announced the voluntary liquidation and deregistration of its step-down subsidiary, HCI Group Australia Pty Ltd., effective May 27, 2026. For the financial year ended March 31, 2025, the subsidiary contributed AUD 3.69 million in revenue and had a negative net worth of AUD 7.56 million, with no operations in the subsequent year. This move indicates the company's intent to streamline operations by removing a non-performing asset from its structure.

Analysis Scores

Earnings Impact6/10
Growth Catalyst4/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk3/10
Liquidity Impact5/10
Market Sentiment5/10

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Full Announcement

Tech Mahindra Limited has informed the Exchange about Sale or disposal

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Apekshakhemka_23062026193623_LiquidationIntimation-HCI_Australia_Pty_Ltd_s.pdf

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Tech Mahindra Ltd Sharda Centre, Off Karve Road, Erandwane, Pune 411 004 Tel: +91 20 66018100 www.techmahindra.com June 23, 2026 BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th floor, Dalal Street, Plot No. - C/1, G Block, Bandra-Kurla Complex, Mumbai - 400001. Bandra (East), Mumbai - 400051. Scrip Code: 532755 NSE Symbol: TECHM Sub: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) - Liquidation of a step-down subsidiary of the Company. Dear Sir/Madam, Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI Listing Regulations, we wish to inform you that HCI Group Australia Pty Ltd., a step-down subsidiary of the Company, has been voluntarily liquidated and deregistered with effect from May 27, 2026. The Company received the intimation of the aforesaid liquidation today, June 23, 2026 at 6.04 p.m. (IST). The details of the aforesaid liquidation in terms of Regulation 30(6) read with para-A of Part A of Schedule III of the SEBI Listing Regulations and the SEBI Master circular no. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 are enclosed herewith as Annexure A. This intimation is also available on the website of the Company at: https://www.techmahindra.com/investors/ This is for your information and records. Thanking you, For Tech Mahindra Limited Ruchie Khanna Company Secretary Encl.: As above Regd. Office: Gateway Building, Apollo Bunder, Mumbai 400 001 India | CIN: L64200MH1986PLCO41370 1 Annexure A Details under Regulation 30(6) read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) and the SEBI Master circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 Sr. Items for Disclosure Description 1 The amount and percentage of the turnover or HCI Group Australia Pty Ltd. a stepdown subsidiary of revenue or income and net worth contributed Tech Mahindra Ltd (‘the Company’). by such unit or division or undertaking or subsidiary or associate company of the listed Particulars Amount (in AUD) entity during the last financial year Revenue * 3.69 Mn Net Worth* -7.56 Mn *For the financial year ended March 31, 2025 since the Company had no operations during the financial year 2025- 26 as it was under liquidation. 2 Date on which the agreement for sale has been Not Applicable entered into 3 The expected date of completion of Liquidated and deregistered effective May 27, 2026. sale/disposal The intimation of the above was received by the Company today i.e., June 23, 2026 at 6.04 p.m. (IST). 4 Consideration received from such Not Applicable sale/disposal 5 Brief details of buyers and whether any of the Not Applicable buyers belong to the promoter/ promoter group/group companies. If yes, details thereof 6 Whether the transaction would fall within No related party transactions? If yes, whether the same is done at “arm’s length” 7 Whether the sale, lease or disposal of the Not Applicable undertaking is outside Scheme of Arrangement? If yes, details of the same include compliance with regulation 37A of SEBI Listing Regulations 8 Additionally, in case of a slump sale, Not Applicable indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale Page 2 of 2