Tech Mahindra announced that a plan of merger of Healthnxt Inc., wholly-owned step-down subsidiary of the Company with its parent company viz. Tech Mahindra (Americas) Inc., wholly-owned material subsidiary of the Company, has been approved by the respective companies on 25 June 2024. The intimation of the same was received by the Company at 10.35 a.m. (IST) on 25 June 2024.The merger is subject to regulatory approvals in the country of incorporation. The appointed date of the plan of merger is 01 July 2024.Powered by Capital Market - Live News

Tech Mahindra has allotted 1,23,618 equity shares under ESOP on 10 May 2024. With this allotment, the paid up equity share capital of the company has increased to 976,925,401 equity shares of Rs 5 each. Powered by Capital Market - Live News

Tech Mahindra announced the resignation of Manoj Bhat (DIN: 05205447) with effect from end of business day on 17 May 2024, in view of his transition to role of Managing Director & CEO of Mahindra Holidays and Resorts India. Powered by Capital Market - Live News

Tech Mahindra announced that the 37th Annual General Meeting (AGM) of the company will be held on 26 July 2024.Powered by Capital Market - Live News

Net profit of Tech Mahindra declined 40.86% to Rs 661.00 crore in the quarter ended March 2024 as against Rs 1117.70 crore during the previous quarter ended March 2023. Sales declined 6.17% to Rs 12871.30 crore in the quarter ended March 2024 as against Rs 13718.20 crore during the previous quarter ended March 2023.For the full year,net profit declined 51.20% to Rs 2357.80 crore in the year ended March 2024 as against Rs 4831.30 crore during the previous year ended March 2023. Sales declined 2.43% to Rs 51995.50 crore in the year ended March 2024 as against Rs 53290.20 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales12871.3013718.20 -6 51995.5053290.20 -2 OPM %8.5413.14 -8.6714.57 - PBDT1420.502015.10 -30 5041.508402.20 -40 PBT959.101524.90 -37 3224.406445.50 -50 NP661.001117.70 -41 2357.804831.30 -51 Powered by Capital Market - Live News