Firstsource Solutions Limited has informed the Exchange about Scheme of Merger
FSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Firstsource Solutions' board met on November 4, 2025 and approved its audited Q2 FY26 results. Consolidated revenue from operations grew to ₹23,147 million (up ~20% YoY from ₹19,326 million), while net profit after tax rose to ₹1,795 million (up ~30% YoY from ₹1,382 million). Half-yearly revenue stood at ₹45,356 million with PAT of ₹3,488 million. The company also made a strategic minority investment in an AI-focused company called Applied AI during the quarter. Additionally, Ms. Jagriti Bhattacharya was appointed as Executive Vice President and General Counsel. The board approved a scheme of amalgamation merging its two wholly-owned subsidiaries — Firstsource Process Management Services Limited and Accunai India Services Private Limited — into Firstsource Solutions, subject to shareholder, NCLT, and other regulatory approvals.
Strong Q2 results with double-digit revenue and profit growth should be viewed positively by shareholders. The subsidiary merger is a routine internal restructuring with no impact on shareholding or operations, and the AI investment signals the company's focus on emerging tech opportunities.