Firstsource Solutions Ltd Completion of Acquisition of Pastdue Credit Solutions (PDC)

Executive Summary Firstsource Solutions Ltd is pleased to announce the successful completion of the 100% acquisition of Pastdue Credit Solutions Limited (PDC), a UK-based leader in debt collection services. The transaction was finalized on December 11, 2025, through our wholly-owned subsidiary, Firstsource Solutions UK Ltd, following the receipt of all necessary regulatory clearances. Strategic Rationale This acquisition aligns with Firstsource's strategic imperative to deepen its footprint in the United Kingdom and scale its capabilities within the Banking and Financial Services (BFS) vertical. Market Consolidation: The addition of PDC strengthens our position in the competitive UK debt-collection market. Enhanced Service Suite: PDC brings specialized expertise in white-label, early-arrears, and debt recovery services. This integration allows Firstsource to offer a more comprehensive, end-to-end customer lifecycle solution to our global clientele. Transaction Overview Deal Structure: The acquisition was executed for a total consideration of £22 million. The structure includes upfront payments and performance-linked earnouts, ensuring alignment of interests for future growth. Regulatory Compliance: PDC is a fully compliant entity, incorporated in 2005 and regulated by the UK’s Financial Conduct Authority (FCA). Financial Impact & Target Profile PDC demonstrates a robust financial track record that is expected to be accretive to Firstsource’s UK operations. Revenue: For the period of November 2023 – October 2024, PDC reported a turnover of £16.9 million. Profitability: The entity delivered an operating profit of £3.4 million for the same period. Market Reaction The market has responded positively to this strategic consolidation. On the day of the transaction's completion (Dec 11), Firstsource Solutions Ltd shares closed at ₹340.30 on the BSE, registering a gain of ₹4.40.