Acquisition

Tech Mahindra Ltd Sharda Centre, Off Karve Road, Erandwane, Pune 411 004 Tel: +91 20 66018100 www.techmahindra.com 6 November 2026 BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th floor, Dalal Street, Plot No. - C/1, G Block, Bandra-Kurla Complex, Mumbai - 400001. Bandra (East), Mumbai - 400051. Scrip Code : 532755 NSE Symbol : TECHM Sub: Intimation under Regulations 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) - Acquisition Dear Sir/Madam, In compliance with Regulation 30 read with para-A of Part A of Schedule III and other applicable provisions of the SEBI Listing Regulations, we wish to inform you that PF Holdings B.V. (“PFH”), a subsidiary of the Company has initiated a voluntary totalitarian tender offer (“Tender Offer”) in compliance with the Commissione Nazionale Per Le Societa E La Borsa (CONSOB) Regulations for acquisition of upto 13,700,787 ordinary shares (representing 17.42%) of Pininfarina S.p.A, subsidiary of PFH and step-down subsidiary of the Company. As part of the said Tender Offer, PFH has on 5 November 2026, entered into a Commitment to Tender for acquisition of 7,886,000 ordinary shares of Pininfarina S.p.A (representing 10.02% of Pininfarina S.p.A.) (“Transaction”). Upon successful completion of the Transaction, PFH’s shareholding in Pininfarina S.p.A will increase from 82.57% to 92.59%. Intimation of the Transaction was received by the Company on 6 November, 2026 at 7:32 a.m. (IST). Details of the above Transaction pursuant to Regulation 30(6) read with Para A of Part A of Schedule III of the SEBI Listing Regulations and SEBI Master circular no. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated 30 January, 2026 are enclosed herewith as Annexure A. This intimation is also being uploaded on the website of the Company at the weblink: https://www.techmahindra.com/investors/ Request you to kindly take the above on record. Thanking you, For Tech Mahindra Limited Ruchie Khanna Company Secretary Encl.: As above Annexure A Details under Regulation 30(6) read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) and the SEBI Master circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026 Sr. Items for Disclosure Description 1 Name of the target entity, details in brief Target entity: Pininfarina S.p.A., a step-down subsidiary of such as size, turnover etc.; the Company, is a joint-stock company incorporated under Italian law, with its ordinary shares listed on Euronext Milan, a regulated market organized and managed by Borsa Italiana S.p.A. As on date, P F Holdings B. V., subsidiary of the Company (“PFH”) holds 82.57% of Pininfarina S.p.A. The consolidated Turnover of Pininfarina S.p.A for the calendar year ended 31 December 2025 is Euro 102.7 million (Rs. 948.01 crore). 2 Whether the acquisition would fall within No. related party transaction(s) and whether the promoter/ promoter group/ group The Transaction is not a related party transaction and the companies have any interest in the entity Promoter/Promoter Group/Group Companies do not have being acquired? If yes, nature of interest any interest in the Transaction. and details thereof and whether the same is done at “arm’s length”; 3 Industry to which the entity being Automotive design, vehicle design and engineering acquired belongs; services. 4 Objects and effects of acquisition Pininfarina S.p.A. is pursuing delisting from Borsa Italiana (including but not limited to, disclosure of S.p.A, subject to applicable laws and regulations. reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity); 5 Brief details of any governmental or The Transaction is subject to requisite approvals of the regulatory approvals required for the Presidency of the Council of Ministers. acquisition; 6 Indicative time period for completion of On or before 31 December 2026. the acquisition; 7 Nature of consideration - whether cash Cash consideration. consideration or share swap and details of the same; 8 Cost of acquisition or the price at which the Up to EUR 9.46 million shares are acquired; 7,886,000 ordinary shares at Euro 1.20 per ordinary share. 9 Percentage of shareholding / control 7,886,000 ordinary shares equivalent to 10.02% of the total acquired and / or number of shares issued shares of the Pininfarina S.p.A. Upon successful acquired; completion of the Transaction, PFH’s shareholding in Pininfarina S.p.A will increase from 82.57% to 92.59%. Page 2 of 3 Sr. Items for Disclosure Description 10 Brief background about the entity acquired Pininfarina S.p.A. is a joint-stock company incorporated in terms of products/line of business under Italian law, with its ordinary shares listed on Borsa acquired, date of incorporation, history of Italiana S.p.A. last 3 years’ turnover, country in which the acquired entity has presence and any other Pininfarina S.p.A. is engaged in automotive design, vehicle significant information (in brief); design and engineering services. PFH holds 82.57% of the share capital of Pininfarina S.p.A. as on date. Date of incorporation of Pininfarina S.p.A.: 23 May 1930 Country: Italy Last 3 years’ consolidated turnover: As on 31 December 2025 – Euro 102.7 million (Rs. 948.01 crore) As on 31 December 2024 – Euro 91.1 million (Rs. 819.85 crores) As on 31 December 2023 – Euro 87.2 million ( Rs. 778.94 crores) **** Page 3 of 3