Divestment23 Jun 2026, 07:40 pm
Tech Mahindra Subsidiary HCI Group Australia Liquidated
AI Summary
Tech Mahindra Ltd has announced the voluntary liquidation and deregistration of its step-down subsidiary, HCI Group Australia Pty Ltd. The liquidation was effective May 27, 2026. The company received the intimation of this event on June 23, 2026. For the financial year ended March 31, 2025, HCI Group Australia reported revenue of AUD 3.69 million and a net worth of -AUD 7.56 million. The subsidiary had no operations in FY26 as it was under liquidation. This event does not fall under related party transactions.
Key Highlights
- Step-down subsidiary HCI Group Australia Pty Ltd. has been liquidated.
- Liquidation effective May 27, 2026; intimation received June 23, 2026.
- FY25 revenue was AUD 3.69 Mn; net worth was -AUD 7.56 Mn.
- No operations in FY26 due to liquidation.
- Transaction is not a related party transaction.
Price Impact
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