Tech Mahindra has announced the voluntary liquidation and deregistration of its step-down subsidiary, HCI Group Australia Pty Ltd. The effective date of deregistration was May 27, 2026. The company was informed of this closure on June 23, 2026. The subsidiary reported a revenue of AUD 3.69 million and a net worth of AUD -7.56 million for the financial year ended March 31, 2025.
Subsidiary Liquidation Update
Tech Mahindra Limited has formally announced the voluntary liquidation of its step-down subsidiary, HCI Group Australia Pty Ltd. This significant corporate action was completed with the subsidiary being deregistered as of May 27, 2026. The parent company, Tech Mahindra, received confirmation of this liquidation on June 23, 2026, at approximately 6:04 p.m. IST.
Financial Details of the Subsidiary
For the financial year ending March 31, 2025, HCI Group Australia Pty Ltd. reported key financial figures. The subsidiary’s revenue stood at AUD 3.69 million, while its net worth was recorded at AUD -7.56 million. It is noted that the company had no operational activities during the 2025-26 financial year due to its ongoing liquidation process.
Transaction Details
The agreement for sale or disposal was not applicable in this liquidation scenario. Similarly, the consideration received from such sale or disposal was also not applicable. Information regarding the buyers, promoter involvement, related party transactions, or whether the transaction falls under a Scheme of Arrangement has been deemed not applicable for this disclosure.
Public Disclosure
This intimation is in compliance with relevant disclosure regulations. Further details regarding the liquidation have been provided as an annexure to this announcement. The information is also accessible on Tech Mahindra’s investor website.
Source: BSE
