Tata Consultancy Services Limited has denied a report published by Moneycontrol.com on May 29, 2026, claiming the company lost part of its technology mandate with Royal Bank of Canada. The article was titled 'TCS loses part of RBC Canada technology mandate, 150 members to be rebadged'. The report alleged that 150 members would be reassigned.
In a filing to the stock exchanges, TCS stated the article is completely false and inaccurate. The claims are devoid of facts and based on unverified and speculative sources. TCS said the article appears to be based on unnamed sources.
TCS said it explicitly informed the publication that there is no truth to the claims. Despite this clear clarification, the story was published relying solely on unnamed sources. TCS reiterated that the allegations are unfounded.
TCS emphasized its longstanding partnership with Royal Bank of Canada. The company said it has nurtured this business for years and cherishes the relationship. TCS described the partnership as very longstanding.
The clarification was issued under Regulation 30(11) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was dated May 29, 2026, and time-stamped 14:33:09. The filing reference is TCS/SE/33/2026-27.
The filing was addressed to the National Stock Exchange of India Limited (Symbol: TCS) and BSE Limited (Scrip Code: 532540). It was signed by company secretary Yashaswin Sheth. Tata Consultancy Services Limited is headquartered at 9th Floor Nirmal Building, Nariman Point, Mumbai. The company's corporate identity number is L22210MH1995PLC084781.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.