Tech Mahindra — Capital/Financing Update 2020

Apr 9, 2020

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Tech Mahindra Limited Sharda Centre, Off Karve Road Pune 411004, Maharashtra, India

Tel: +91 20 6601 8100 Fax: +91 20 2542 4466 techmahindra.com connect@techmahindra.com Registered Office: Gateway Building, Apollo Bunder Mumbai 400 001, India

CIN: L64200MH1986PLC041370

April 9, 2020

To BSE Limited National Stock Exchange of India Phiroze Jeejeebhoy Towers, Limited Dalal Street, Exchange Plaza, 5[th] floor, MUMBAI – 400 001 Plot No. – C/1, G Block, Scrip Code : 532755 Bandra-Kurla Complex, Bandra (E) MUMBAI – 400 051 NSE Symbol : TECHM

Sub: Modification in terms of acquisition of majority stake in Cerium Systems Private Limited.

Ref: - Earlier intimation dated 31[st] January 2020

Sir/Madam,

With reference to the aforesaid intimation, for acquisition of majority stake in Cerium Systems Private Limited (“Cerium Systems”) and in terms of Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we wish to inform that pursuant to the authority delegated by the Board of Directors, the Managing Director & CEO of the Company has modified few terms of the acquisition of majority stake in Cerium Systems.

Accordingly, all other terms remaining unchanged following description as stated in Annexure I of earlier intimation dated 31[st] January 2020 be modified and read as under-

• (a) at Sr No. 6 - the transaction is expected to close by 10[th] April, 2020 (b) at Sr. No. 8 & 9- 51% of the shares will be acquired upfront for an enterprise value not exceeding Rs. 245 crs. Balance 49% will be acquired over the next 3 years at a valuation linked to the financial performance of the company.

This is for your information and record.

Please acknowledge receipt of the same.

Thanking you,

For Tech Mahindra Limited Anil Khatri Company Secretary

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