Tech Mahindra Ltd Reports Voluntary Liquidation of Australian Subsidiary
Tech Mahindra Ltd has confirmed the voluntary liquidation and deregistration of its step-down subsidiary, HCI Group Australia Pty Ltd. The entity's liquidation was effective from May 27, 2026.The company provided details regarding the status of the subsidiary, noting that it had no operations during the financial year 2025-26 due to being under liquidation proceedings.
Key financial metrics for HCI Group Australia Pty Ltd., reported for the financial year ended March 31, 2025, are as follows:
| Metric | Amount (in AUD) |
|---|---|
| Revenue | 3.69 Mn |
| Net Worth | -7.56 Mn |
The liquidation of HCI Group Australia Pty Ltd., a step-down subsidiary of Tech Mahindra Ltd, was confirmed with effect from May 27, 2026.
TECHM Stock Price Movement
Today, Tech Mahindra Limited shares slipped by 1.34% to settle at ₹1415.60 in post-market trading. The stock traded a total volume of 2.40 million shares for the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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