Firstsource Solutions Limited has informed the Exchange about Scheme of Merger
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On the reaction day the stock moved 0.7 pts more than Nifty Smallcap 250 and 0.3 pts more than its Business Process Outsourcing (BPO)/ Knowledge Process Outsourcing (KPO) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.