Tech Mahindra — M&A Activity 2021

Oct 1, 2021

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

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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

October 01, 2021

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: Approval of proposal for acquisition of 100% stake in Beris consulting GmbH (“Beris”).

Dear Sir/Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Company through its wholly owned subsidiary viz., Tech Mahindra GmbH approved the proposal to acquire 100% equity shares in Beris consulting GmbH (“Beris”).

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[th] September, 2015 as Annexure 1.

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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Encl.: As stated above

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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

Annexure I

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----- Start of picture text ----- Sr. Items for Disclosure DescriptionNo.1 Name of the target entity, details in brief The target entity is Beris consulting GmbHsuch as size, turnover etc.; (“Beris”) The company is headquartered inWolfsburg Germany. The company has about125+ employees. For the financial yearending 31 [st] December, 2020, the companydelivered revenues of EUR 10.1 million2 Whether the acquisition would fall within Norelated party transaction(s) and whether thepromoter/ promoter group/ groupcompanies have any interest in the entitybeing acquired? If yes, nature of interestand details thereof and whether the same isdone at “arms length”;3 Industry to which the entity being acquired IT Servicesbelongs;4 Objects and effects of acquisition The acquisition will help Tech Mahindra(including but not limited to, disclosure of unlock the transformational growth in the ITreasons for acquisition of target entity, if its and application space for the automotivebusiness is outside the main line of industry as a result of EV, Sharing &business of the listed entity); Mobility. Enable Tech Mahindra to expand itspresence, local expertise and clientrelationships in the German market targetingthe CX-Aftermarket business areas for ITapplications digitization5 Brief details of any governmental or Noneregulatory approvals required for theacquisition;6 Indicative time period for completion of The transaction is expected to close by 8 [th]the acquisition; October, 20217 Nature of consideration - whether cash Cashconsideration or share swap and details ofthe same;8 Cost of acquisition or the price at which the EUR 7 million including earn outs.shares are acquired;----- End of picture text -----

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

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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

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----- Start of picture text ----- 9 Percentage of shareholding / control 100%acquired and / or number of sharesacquired;----- End of picture text -----

CIN: L64200MH1986PLC041370	CIN: L64200MH1986PLC041370	CIN: L64200MH1986PLC041370
9Percentage of shareholding / controlacquired and / or number of sharesacquired;100%
10	Brief background about the entity acquiredin terms of products/line of businessacquired, date of incorporation, history oflast 3 years turnover, country in which theacquired entity has presence and any othersignificant information (in brief);	Beris is an IT consultancy service providerwith a strong domain expertise in theautomotive industryin Germanywithexperience in niche techno-domain areas ofCX, Aftermarket, Mobility and sharing. It wasincorporated in 2013. Last 3 years Turnover isas follows: -CY20: EUR 10.1 millionCY19: EUR 12 millionCY18: EUR 10.7 million

For Tech Mahindra Limited

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Anil Khatri Company Secretary

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