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 100% stake in Zen 3 Infosolutions (America) Inc.

Ref: - Earlier intimation dated 24[th] February 2020

Dear Sir/Madam,

With reference to aforesaid intimation wherein we have informed that the company will be acquiring the Indian subsidiary of Zen3 Group and the Zen3 Infosolutions (America) Inc., along with rest of the subsidiaries will be acquired through its wholly owned subsidiary viz. Tech Mahindra (Americas) Inc. 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 100% stake in Zen3 Infosolutions (America) Inc.

Accordingly, all other terms remaining unchanged following description as stated at Annexure I of earlier intimation dated 24[th] February 2020 be modified and read as under –

(a) at Sr No. 6 - the transaction is expected to be closed by 15[th] April, 2020 (b) at Sr. No. 8- $35mn will be paid at closing, deferred payment of $4mn to be paid over 2 years and balance $25mn will be paid over 3 years linked to financial performance.

This is for your information and record.

Please acknowledge receipt of the same.

Thanking you,

For Tech Mahindra Limited

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Anil Khatri Company Secretary

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