Swaraj Engines Ltd. — Major Shareholding Notification 2020

May 6, 2020

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Mahindra & Mahindra Ltd.

Mahindra Towers,

Dr. G. M. Bhosale Marg, Worli,

Mumbai 400 018 India

Tel: +91 22 24901441

Fax: +91 22 24975081

REF: SEC: NS 6[th] May, 2020

The Secretary BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai 400001.

The Secretary National Stock Exchange of India Ltd., Exchange Plaza, 3rd Floor, Plot No.3-1, "G" Block, I.F.B.Centre, Bandra-Kurla-Complex, Bandra(East), Mumbai 400051.

The Audit Committee Swaraj Engines Limited Phase IV, Industrial Area, S.A.S.Nagar (Mohali), Punjab – 160055

Sub: Declaration under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

__________________________________________________________________

Dear Sir,

We, Mahindra and Mahindra Limited, the Promoters of Swaraj Engines Limited, declare that we have not made any encumbrance, directly or indirectly, during the Financial Year 2019-2020 in respect of the shares of Swaraj Engines Limited held by us.

Kirloskar Industries Limited will file a separate declaration under the captioned Regulation.

Thanking you,

Yours faithfully,

For Mahindra and Mahindra Limited

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Narayan Shankar Company Secretary

Regd. Office: Gateway Building, Apollo Bunder, Mumbai 400 001, India Tel: +91 22 22021031|Fax: +91 22 22875485 Email : group.communications@mahindra.com mahindra.com CIN No. L65990MH1945PLC004558