Zensar Technologies has received in-principle approval from board of directors for exploring voluntary winding up of Zensar Technologies GmbH, Germany, a step- down subsidiary of the Company, for the purpose of achieving leaner organization structure. There would not be any material impact on the financials or operations of the Company due to the said winding up. The Board of Directors of the Company at its meeting held on July 20, 2023 has approved the same.
Zensar Technologies, formerly known as ICIL was acquired by the RPG group in 1989. It is a globally focused software and services company spread across eighteen countries across the world.
