Tech Mahindra — Capital/Financing Update 2022

Aug 8, 2022

^{B i 8} Mahindra eeeee

Pune 411004, Maharashtra,India

Tel. +91 20 6601 8100 Fax. +91 20 2542 4466

techmahindra.com connect@techmahindra.com

Registered Office: GatewayBuilding, Apollo Bunder Mumbai400 001, India

gih August, 2022 CIN L64200MH1986PLCO041370

To. Phiroze Jeejeebhoy Towers ExchangePlaza, 5" Floor Serip Code: ⁵³²⁷⁵⁵ NSE Symbol: TECHM

BSELimited National Stock Exchange of India Limited Dalal Street Plot No. — C/l, G Block, Bandra-Kurla Complex MUMBAI — ^{400 001} Bandra (E), MUMBAI — ^{400 051}

Sub: Proposal for acquisition of remaining shareholding in Tech Mahindra South Africa (Pty) Limited ("Tech Mahindra SA") and Tech Mahindra Holdco Pty Ltd both subsidiaries of the Company

DearSir/Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Companyhas signed an agreementto acquire 49% equity shares inTech Mahindra South Africa (Pty) Limited and 4%equityshares in Tech Mahindra Holdco PtyLtd.

In this regard, please find enclosed herewith, Disclosure containing the details pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9" September, 2015 as AnnexureI.

This is for your information and record.

Please acknowledgereceiptofthe same.

Thanking you,

For Tech Mahindra Limited

Anif Khatri CompanySecretary

Encl.: As stated above

Tech Mahindra

AnnexureI

I Annexure
] Description Disclosure Items for Sr. No. Limited was set up Africa (Pty) Mahindra South in brief Tech entity, details Nameofthe target Companyholding the companywith Venture as a Joint turnoveretc.; assize, such 51%. The turnover of the company as at March 31,
296,963,682/-. 2021 is ZAR Tech Mahindra Holdco Pty Ltd was set up with the Company holding 96%.It does not have anyrevenue, being holding company. a 2 Whether the acquisition would fall within No
related party transaction(s) whether and the promoter' promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof whether and the same is done at
"arms length"; Information 3 Industry to which the entity being acquired Technology belongs:
Technologies M/s. Falcorp partner in the JV viz., acquisition (including The Objects and effects of 4 JV and the Limited is exiting the for Proprietary disclosure of reasons but not limited to, JV acquired in terms of the shareholding is being business is acquisition target entity, ifits of outside main ofbusiness listed Agreemententered intoearlier. the line of the entity);
Brief details governmental applicable 5 of any or Not regulatory approvals required for the acquisition; Indicative time period completion Immediately 6 for of the acquisition:
Nature consideration whether 7 of - cash Cash consideration or share swap and details ofthe same: Cost acquisition price which 8 of orthe at the R62 000 000.00(sixty two million Rand).
acquired: shares are Percentage shareholding Mahindra 9 of / control 49%in Tech South Africa (Pty) Limited and acquired and or numberofshares acquired: 4%in Tech Mahindra Holdco / Pty Ltd Brief background acquired Mahindra 10 about the entity Tech South Africa (Pty) Limited was set up in terms of products/line of business asa Joint Venture (JV) 2012 between Tech Mahindra in
acquired, incorporation, Technologies date of history of Ltd, India and M/s. Falcorp Proprietary last years turnover, country which Limited. Company Information 3 in the The is into & Technology Communication acquired entity has presence and any other and business. significant information(in brief); Last 3 years turnover.
2020-2021: ZAR 296,963,682 2019-2020: 339,418,195 ZAR 2018-2019: 052,122 ZAR 200, ~~
Mahindra Tech For Limited

A CompanySecretary ve hatri