Tech Mahindra Limited — JV/Acquisition, 01-04-2026: Amalgamation/Merger

Tech Mahindra will merge its wholly-owned step-down subsidiaries, Tech Mahindra Costa Rica Sociedad Anonima (TM CRSA) and Allyis Technology Solutions Sociedad de Responsabilidad Limitada (Allyis TSSRL). This strategic move aims to streamline operations, reduce the number of group entities, optimize costs, and lower compliance risk. TM CRSA reported a turnover of USD 0.31 Mn, while Allyis TSSRL had USD 9.61 Mn for FY25. The merger involves no cash consideration or new share issuances, meaning no change to Tech Mahindra's shareholding pattern. The transaction is subject to necessary regulatory approvals, with an appointed merger date of April 1, 2026.