Tech Mahindra — Capital/Financing Update 2019

Apr 9, 2019

Tech l'l'lahindra

Tech Mahindra Limited Sharda Centre, Off Kart/E Road Pune AM ¹ 004, Maharashtra, India

Tel +91 2056018100 Fax +91 ED 2542 4458

techmahlndratum connectfi'techmahmdr'a com

Registered Office: Gateway Building Apunu Bunder M 400 DC", ^l umhal ndla

CIN LE4EOUMH'l SSBPLCDA'137D

9'" April, 2019

To, BSE Limited Phirozc Jeejecbhoy Towers, Dalal Street, MUMBAI — 400 001 Scrip Code : 532755

National Stock Exchange of India Limited Exchange Plaza, 5'" floor, Plot No — C/l, G Block, Bandra-Kurla Complex, Bandra (E) MUMBAI — 400 051 NSE Symbol : TECHM

Sub: Approval of proposal for acquisition of 18.1% Shareholding each in M/s lnfotek Software and Systems Private Limited and Mls Vitaran Electronics Private Limited

Dear Sirs/Madam,

Pursuant to Regulation ³⁰ of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we wish to inform that the Investment Committee ot'thc Board ofDirectors of the Company has approved the proposal to acquire 18.1% Equity Shares each of M/s lnfotek Software and Systems Private Limited and M/s Vitaran Electronics Private Limited

in this regard, please find enclosed herewith, Disclosure containing the details pursuant to Regulation 30(6) ofthe SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. read with SEBI Circular No CIR/CFD/CMD/4/2015 dated 9'h September, ²⁰¹⁵ as Annexure 1,

This is for your information and record.

Thanking you,

For Tech Muhindra Limited

Anil fiwfl hatri Company Secretary We Encl.: As stated above

Annexure I

Sr. No.	for Disclosure Items	IEcription
	entity. details in brief Name of the target such as size, turnover, etc.	Pvt. Ltd. lnfotek Software and Systems and Vitaran Electronics Pvt. ("Infotek") entities in are the two Ltd. ("Vitaran") will Tech Mahindra Limited be which stake in each purchasing 18.1% equity ofthese entities, month 30'h For the ending 12 period September, 2018, lnfotek had a revenue Vitaran had a
		of inn INR 292.8 and revenue of INR 126.8 mn.
	within would fall Whether the acquisition and whether related party transaction(s) group group/ the promoter promoter/ interest in the entity companies have any being acquired? If yes, nature of interest and details thereof and whether the same is done at "armsdength"	No.
	which the entity being to Industry acquired belongs	Logistics and Asset Tracking.
	Objects and effects of acquisition	the Tech Mahindra intends to leverage in the Radio— presence ot'the companies ("RFID") Identification t'requency in a strong footprint space in building and tracking monitoring, the asset The solutions space. automated billing expand Tech investment will also help to cater to solution portfolio Mahindra's the smart city projects.
	or of Brief details governmental any for the required approvals regulatory acquisition	None.
	of for completion time period indicative the acquisition	2019. 9'h April,
	-whether of cash consideration Nature and details of consideration or share swap the same	Cash consideration.
	at which Cost of on or t he\$rice acquis' the shares are acquired	130 mn. BTnEKIR

9	of / control shareholding Percentage of / or number shares and acquired acquired	l8tl%sharehuldingeachoflnlbtekand Vitaran.
[0	Brief the about entity background of in terms of / line products acquired date of business acquired, incorporation, in history oflast 3 years turnover, country which the has entity presence acquired information (in other significant and any briel)	in lnfotek the was year incorporated ofRFlD in trading 2000 and is engaged and supporting providing products maintenance software installation and services. in the Vitaran was year incorporated ofRFlD in trading 2006 and is engaged of which form access part products control systems. are India-based. Both companies 30'" month For the 12 ending period lnlotek had a revenue September, 20l8, Vitaran of 2928 had INR inn and a revenue ofINR 1268 mini

For Tech Mahindra Limited

'3,"

AniWKhatri Company Secretary ML