Firstsource Solutions Limited announced that at its board meeting held on 7 February 2024, approved the following: the board has given in principal approval for setting up a wholly owned subsidiary in Australia by the name as may be decided by the management or any other name as may be approved by the statutory authorities. Share Capital: Initial investment will be AUD 50,000. Turnover: Nil (Yet to Commence Business Operations); Industry to which the entity being acquired belongs: Information Technology (BPO).

The object of incorporation of this Wholly Owned Subsidiary is to expand BPO business in Australia. Nature of consideration: 100% Subscription to the share Capital.