Zensar Technologies Approves Merger with Wholly-Owned Subsidiary M3BI India

Zensar Technologies Ltd's Board of Directors has approved a Scheme of Amalgamation to merge its wholly-owned subsidiary, M3BI India Private Limited, with itself. The amalgamation, subject to NCLT and other regulatory approvals, aims to achieve greater business synergies and operational efficiencies. M3BI India reported a net worth of INR 1,130 Million and a turnover of INR 1,235 Million for the six months ended September 30, 2026. As M3BI is a wholly-owned subsidiary, no shares will be issued, and the transaction is exempt from certain related party transaction regulations. The merger will result in the dissolution of M3BI India without winding up.