Tech Mahindra — Capital/Financing Update 2020

Oct 15, 2020

Pune 411004, Maharashtra, India

Tel. +91 206601 8700 Fax. +91 20 2542 4466

nd eechmahindra.com a.com co

Registered Office: Gateway Suilding, Apollo Bunder Mumbai 400 001, India

15" October, 2020 CIN L64200MH1986PLC041370

To Phiroze Jeejeebhoy Towers, Exchange Plaza, 5" floor, Dalal Street, Plot No. — C/1, G Block, Scrip Code : 532755 MUMBAI — 400 051

BSE Limited National Stock Exchange of India Limited MUMBAI — 400 001 Bandra-Kurla Complex, Bandra (E) NSE Symbol : TECHM

Sub: Intimation of execution of Joint Venture Agreement

Dear Sir/Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ("SEBI Listing Regulations") we wish to inform you that Company has executed today a Joint Venture Agreement with M/s Sumitomo Corporation, Japan.

In this regard, please find enclosed herewith, disclosure containing the details pursuant to SEBI Listing Regulations, read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9" September, 2015 are given as 'Annexure I'.

This is for your information and record.

Please acknowledge receipt of the same.

Thanking you,

For Tech Mahindra Limited

xf an Company Secretary

Encl.: As stated above

Tech Mahi ndra

Annexure I

	Annexure I
Sr.No.	Items for Disclosure	Description
	whomNameagreementwithof thepartiesisentered	Tech Mahindra Limited ("Tech M") andSumitomoCorporation,Japan("Sumitomo")
	Purpose of entering into the agreement	companyJVprovideToupsettoaEngineeringautomotiveServicesthetosector.
	Shareholding, if any, in the entity with whom theagreement is executed	The proposed Joint Venture shall have two50%shareholdersholdingwitheachastake.
	Significant terms of the agreement (in brief) specialrights like right to appoint directors, first right toshare subscription in case of issuance of shares,right to restrict any change in capital structure etc.;	EngineeringprovideJVentitywill1.Customers — situatedServicestopredominantlyJapanpertheasinterms of the JV Agreement.The incorporation of the JV is subject2.fromapprovalapplicabletoCompetition Authority.Boththe JV partnershave theshall3.right to nominate 2 Directors each.Each JV partner shall have right of first4.refusal, in case of disposal of shares.JV partners will have right to approve5.changes in capital structure.
	Whether,partiesrelatedthesaidaretopromoter/promoter group/ group companies in anymanner. If yes, nature of relationship;	No
	Whether the transaction would fall within relatedparty transactions? If yes, whether the same is doneat "arms length";	No
	In case of issuance of shares to the parties, detailsof issue price, class of shares issued;	subscribe 2000Initially eachparty willOrdinarySharescontributeand100million JPY towards Stated Capital.
	Any other disclosures related to such agreements,viz., details of nominee on the board of directors ofthe listed entity, potential conflict of interest arisingout of such agreements, etc;	NA

For Tech Mahindra Limited

An Company Secretary pon hatri