GMP IPO
📋 Filings Intelligence
About Contact
LIVE — Auto-updated every 10 mins · Equity segment
Company Filings, Explained Simply

AI-powered plain-English analysis of every important corporate announcement — financial results, order wins, dividends, mergers and more. Updated live.

—
Filed today
—
Companies tracked
NSE & BSE
Listed on
Sign in free to search by company
Filing Type
Market Cap
Sector
All Sectors

Latest Filings —

📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
eClerx Services Ltd

eClerx Services acquires 2% equity in step-down subsidiary Personiv Eclipse Inc.

M&A ● No Immediate Change LOW RISK
📅 Filed on BSE: 28 Oct 2026, 07:45 PM IST  ·  BSE ID: bed12ad5-e41b-4973-aba8-dafbea1cc444
View Original BSE Filing (PDF)
💡
In Simple Terms
The company is buying a small part of its own subsidiary from another part of the company for about US$1.64 million.
🤖 AI Summary
  • eClerx Services Ltd approved acquiring approximately 2% equity in Personiv Eclipse Inc., USA, its step-down subsidiary.
  • The acquisition is an intra-group transaction from eClerx LLC, a wholly owned subsidiary, for US$ 1,639,121.40 cash.
  • Post-acquisition, eClerx Services will directly hold approximately 2% in Personiv Eclipse, with 98% via eClerx LLC.
  • The transaction aims to provide working capital to eClerx LLC, with no change in aggregate ownership.
  • Personiv Eclipse Inc.'s FY2026 turnover was Rs. 186.83 million and Profit After Tax was Rs. 62.37 million.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Cost of acquisition
US$ 1,639,121.40
Percentage of shareholding acquired
approx. 2%
Personiv Eclipse Inc. Turnover FY2026
Rs. 186.83 million
Personiv Eclipse Inc. Turnover FY2025
Rs. 571.96 million
Personiv Eclipse Inc. Turnover FY2024
Rs. 1218.33 million
Personiv Eclipse Inc. Profit after tax FY2026
Rs. 62.37 million
Personiv Eclipse Inc. Profit after tax FY2025
Rs. 66.21 million
Personiv Eclipse Inc. Profit after tax FY2024
Rs. 106.20 million
🏢 How This Affects the Company
📈
Business Impact
The transaction does not alter eClerx Services Limited's ultimate ownership or control over Personiv Eclipse Inc., which continues its operations in digital, creative, back office, and customer contact services.
💰
Financial Impact
The acquisition involves a cash outflow of US$ 1,639,121.40 from eClerx Services Limited for the 2% equity stake. The funds are designated to meet the working capital requirements of its wholly owned subsidiary, eClerx LLC.
⚠️
Risk Impact
The transaction is an intra-group transfer, evaluated under related party provisions, and completed at arm's length based on a valuation report, mitigating direct transactional risk from external parties.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders as this is an internal group restructuring event.
👤
Who Is Affected
Shareholders are indirectly affected as US$ 1,639,121.40 in cash consideration is transferred from eClerx Services Limited to eClerx LLC, within the group. The overall ownership structure in Personiv Eclipse Inc. remains unchanged.
🔍
Management Signal
Management is signaling a focus on internal financial management and optimization by allocating funds to a wholly-owned subsidiary for working capital needs.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Q3 FY27 financial results — check cash and cash equivalents.
Future board meeting outcomes — monitor any further intra-group transactions.
Annual report FY27 — review details on Personiv Eclipse Inc.'s performance.
LOW RISK This is an intra-group transaction with no change in overall ownership and low external impact.
💡 Investor Takeaway
eClerx Services acquired approximately 2% equity in its step-down subsidiary, Personiv Eclipse Inc., for US$ 1,639,121.40. This is an intra-group transaction to provide working capital to eClerx LLC, without changing eClerx Services' aggregate ownership in Personiv Eclipse Inc.
⚖️ Strengths & Concerns

✅ Positives

  • The transaction is structured as an intra-group acquisition on an arm's-length basis, with consideration determined by an independent valuation report.
  • The acquisition provides working capital to eClerx LLC, a wholly owned subsidiary, supporting its financial operations.

⚠️ Concerns

  • Personiv Eclipse Inc.'s turnover decreased from Rs. 1218.33 million in FY2024 to Rs. 186.83 million in FY2026.
  • Profit after tax for Personiv Eclipse Inc. declined from Rs. 106.20 million in FY2024 to Rs. 62.37 million in FY2026.
📅 Company Track Record
Personiv Eclipse Inc. (formerly Personiv Contact Centres LLC) was acquired by eClerx Services Limited in December 2020. The target entity's turnover has decreased from Rs. 1218.33 million in FY2024 to Rs. 186.83 million in FY2026, and Profit After Tax also decreased from Rs. 106.20 million to Rs. 62.37 million over the same period.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What is the value of the acquisition by eClerx Services Ltd?
eClerx Services Ltd approved the acquisition for a cash consideration of US$ 1,639,121.40.
Which entity is being acquired by eClerx Services?
eClerx Services is acquiring approximately 2% equity shareholding in Personiv Eclipse Inc., USA, a step-down subsidiary of the Company.
What is the purpose of this acquisition?
The proposed acquisition is intended to provide funds to eClerx LLC, a wholly owned subsidiary of eClerx Services, to meet its working capital requirements.
What was the turnover of Personiv Eclipse Inc. in FY2026?
The turnover of Personiv Eclipse Inc. in FY2026 was Rs. 186.83 million.
What was the Profit after tax for Personiv Eclipse Inc. in FY2026?
The Profit after tax for Personiv Eclipse Inc. in FY2026 was Rs. 62.37 million.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
🔍
Sign in to use filters
Sign in free with Google to filter filings by category, market cap and sector — takes 5 seconds.