Tech Mahindra Costa Rica Subsidiaries Merger Plan

Tech Mahindra disclosed a Plan of Merger between two wholly-owned Costa Rica step-down subsidiaries, approved on 31st March 2026.
TM CRSA (USD 0.31 Mn turnover) will merge into Allyis TSSRL (USD 9.61 Mn turnover) with no cash consideration or new share issuance.
The merger aims to reduce group entity count, optimize operational costs, and lower compliance risk; subject to Costa Rica regulatory approvals.
No change in Tech Mahindra's shareholding pattern; transaction is a related party but exempt under SEBI Regulation 23(5)(c).