Credit Rating

Tech Mahindra Limited Sharda Centre, Off Karve Road, Pune-411004, Maharashtra, India Tel: +91 20 6601 8100 www.techmahindra.com 25th September, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th floor, Dalal Street, Plot No. – C/1, G Block, Mumbai – 400 001 Bandra-Kurla Complex, Bandra (East), Scrip Code: 532755 Mumbai – 400 051 NSE Symbol: TECHM Sub: Intimation of re-affirmation of Credit Rating - Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Pursuant to Regulation 30(6) read with Schedule III and other applicable provisions of the SEBI Listing Regulations, we hereby inform you that CARE Ratings Limited (“CARE”) has reaffirmed the credit rating assigned to the long-term and short-term, fund and non-fund based banking facilities of the Company, as summarised hereunder. The outlook on the long-term rating is Stable. Banking Facilities Rated Amount Rating Rating Action (Rs. in crore) Long Term Bank Facilities 175.00 CARE AAA; Stable Reaffirmed Long Term / Short Term Bank 2,325.00 CARE AAA; Stable / Reaffirmed Facilities CARE A1+ Please find enclosed the rating letter dated 25th September 2026 issued by CARE in this regard, which was received by the Company today, 25th September 2026 at 1:37 p.m. (IST). This intimation is also available on the website of the Company at www.techmahindra.com You are requested to kindly take note of the same. Thanking you For Tech Mahindra Limited Ruchie Khanna Company Secretary Enclosure: As above Regd. Office: Gateway Building, Apollo Bunder, Mumbai 400 001 India | CIN: L64200MH1986PLC041370 1 No. CARE/HO/RL/2026-27/2888 Shri Rohit Anand Chief Financial Officer Tech Mahindra Limited Sharda Centre, Off Karve Road Pune Maharashtra 411004 September 25, 2026 Confidential Dear Sir, Credit rating for bank facilities On the basis of recent developments including operational and financial performance of your Company for FY26 (Audited), Q1FY27 (Unaudited), our Rating Committee has reviewed the following ratings: Amount Facilities Rating1 Rating Action (₹ crore) Long Term Bank Facilities 175.00 CARE AAA; Stable Reaffirmed Long Term / Short Term Bank CARE AAA; Stable / 2,325.00 Reaffirmed Facilities CARE A1+ 2. Refer Annexure 1 for details of rated facilities. 3. The rating report for the rating will be communicated to you separately. 4. CARE Ratings Ltd. reserves the right to undertake a surveillance/review of the rating from time to time, based on circumstances warranting such review, subject to at least one such review/surveillance every year. 1Complete definitions of the ratings assigned are available at www.careratings.com and in other CARE Ratings Ltd.’s publications. CARE Ratings Limited 4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (East), Mumbai Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 Page 1 of 5 5. CARE Ratings Ltd. reserves the right to revise/reaffirm/withdraw the rating assigned as also revise the outlook, as a result of periodic review/surveillance, based on any event or information which in the opinion of CARE Ratings Ltd. warrants such an action. In the event of failure on the part of the entity to furnish such information, material or clarifications as may be required by CARE Ratings Ltd. so as to enable it to carry out continuous monitoring of the rating of the bank facilities, CARE Ratings Ltd. shall carry out the review on the basis of best available information throughout the life time of such bank facilities. In such cases the credit rating symbol shall be accompanied by “ISSUER NOT COOPERATING”. CARE Ratings Ltd. shall also be entitled to publicize/disseminate all the afore-mentioned rating actions in any manner considered appropriate by it, without reference to you. 6. Our ratings do not take into account the sovereign risk, if any, attached to the foreign currency loans, and the ratings are applicable only to the rupee equivalent of these loans. 7. Our ratings do not factor in any rating related trigger clauses as per the terms of the facility/instrument, which may involve acceleration of payments in case of rating downgrades. However, if any such clauses are introduced and if triggered, the ratings may see volatility and sharp downgrades. 8. Users of this rating may kindly refer our website www.careratings.com for latest update on the outstanding rating. 9. CARE Ratings Ltd. ratings are not recommendations to sanction, renew, disburse or recall the concerned bank facilities. If you need any clarification, you are welcome to approach us in this regard. Thanking you, Yours faithfully, Sarthak Singh Akshay Dilipbhai Morbiya Rating Analyst Associate Director sarthak.singh@careedge.in akshay.morbiya@careedge.in Encl.: As above CARE Ratings Limited 4th Floor, Godrej Coliseum, Somaiya Hospital Road, Off Eastern Express Highway, Sion (East), Mumbai Phone: +91-22-6754 3456 • www.careedge.in CIN-L67190MH1993PLC071691 Page 2 of 5 Disclaimer This disclaimer pertains to the ratings issued and content published by CARE Ratings Limited (“CareEdge Ratings”). Ratings are opinions on the likelihood of timely payment of the obligations under the rated instrument and are not recommendations to sanction, renew, disburse, or recall the concerned bank facilities or to buy, sell, or hold any security. Any opinions expressed herein are in good faith and are subject to change without notice. The rating reflects the opinions as on the date of the rating. A rating does not convey suitability or price for the investor. 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