Acquisition

TCS/SE/79/2026-27 August 24, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, P. J. Towers, Bandra Kurla Complex, Dalal Street, Mumbai-400051 Mumbai-400001 Symbol: TCS Scrip Code No. 532540 Dear Sirs, Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”). Pursuant to Regulation 30 of SEBI Listing Regulations, we wish to inform you that the Board of Directors of Tata Consultancy Services Netherlands B.V., a wholly owned subsidiary of the Company, at its meeting held today, considered and approved the acquisition of 100% of equity shares of MHP Management- und IT-Beratung GmbH (“MHP”), subsidiary of Porsche AG (“Porsche”), for an enterprise value of € 320 million. MHP is a leading automotive and industrial consulting firm with expertise in business consulting, digital transformation, AI, software-defined mobility, SAP and manufacturing digitalization. This acquisition is a part of the strategic partnership between the Company and Porsche, to drive AI transformation, anchored in next-generation manufacturing technologies and software-defined mobility. Pursuant to the aforesaid approval, the Share Purchase Agreement (“Agreement”) has been executed today to record the terms and conditions of the proposed acquisition. The completion of the acquisition is subject to regulatory approvals and fulfilment of conditions precedent as specified in the Agreement. We are enclosing herewith the brief details of the above as prescribed under SEBI Listing Regulations as Annexure A. A Press Release with detailed information is enclosed as Annexure B. The above information is also available on the website of the Company www.tcs.com. Thanking you, Yours faithfully, For Tata Consultancy Services Limited Yashaswin Sheth Company Secretary ACS 15388 9th Floor Nirmal Building Nariman Point Mumbai 400 021 Tel 91 22 6778 9595 Fax 91 22 6630 3672 e-mail corporate.office@tcs.com website www.tcs.com Registered Office 9th Floor Nirmal Building Nariman Point Mumbai 400 021 Corporate Identity No. (CIN): L22210MH1995PLC084781 Annexure A Details under amended Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 S/n. Particulars Details 1. Name of the target entity, details in MHP Management- und IT-Beratung GmbH brief such as size, turnover etc. (“MHP”) (along with its subsidiaries). MHP is a leader in automotive and industrial consulting in Europe and a subsidiary of Porsche AG (“Porsche”). MHP has expertise in business consulting, digital transformation, AI, SAP transformation, manufacturing digitalization, connected and software-defined mobility. Turnover as on CY2025: € 742 million. No. of Employees: ~4,500 2. Whether the acquisition would fall The acquisition does not fall within the ambit of within related party transaction(s) and related party transactions. whether the promoter/ promoter group/ group companies have any The promoter/promoter group/group companies do interest in the entity being acquired? not have any interest in the entity being acquired. If yes, nature of interest and details thereof and whether the same is done at “arm’s length” 3. Industry to which the entity being Business consulting, digital transformation, acquired belongs automotive and industrial technology services. 4. Objects and impact of acquisition The acquisition will anchor a long-term AI (including but not limited to, transformation partnership between the Company disclosure of reasons for acquisition (“TCS”) and Porsche. To enable this partnership, of target entity, if its business is Porsche has signed a five-year strategic deal with outside the main line of business of MHP and TCS amounting to € 1.25 billion. the listed entity) The partnership with Porsche, one of the world’s most successful sports car manufacturers, provides a marquee anchor for TCS’ AI transformation agenda and will position TCS as a strategic consulting and technology partner for Porsche and broader European automotive and industrial customers. Through this partnership, TCS and Porsche will collaborate to industrialize AI across Porsche’s engineering, manufacturing, operations, customer experience and enterprise transformation agenda, 9th Floor Nirmal Building Nariman Point Mumbai 400 021 Tel 91 22 6778 9595 Fax 91 22 6630 3672 e-mail corporate.office@tcs.com website www.tcs.com Registered Office 9th Floor Nirmal Building Nariman Point Mumbai 400 021 Corporate Identity No. (CIN): L22210MH1995PLC084781 S/n. Particulars Details and deliver next-generation automotive technology services and software-defined mobility platforms for sustained value creation. 5. Brief details of any governmental or Approvals are required from: regulatory approvals required for the a. the European Commission under the EU merger acquisition control regulation; b. EU Foreign Subsidies Regulation; c. Commission for the Examination of Foreign Direct Investments in Romania under any applicable Romanian foreign direct investment law. In addition, an application for a certificate of non-objection will be submitted to the Federal M inistry of Economy and Energy in Germany. 6. Indicative time period for completion The acquisition is expected to be completed within of the acquisition 3-4 months. 7. Consideration - whether cash Cash consideration. consideration or share swap or any other form and details of the same 8. Cost of acquisition and/or the price at Enterprise Value of € 320 million excluding any which the shares are acquired customary post-closing adjustments for net debt and working capital. 9. Percentage of shareholding / control 1 00% acquired and / or number of shares acquired 10. Brief background about the entity MHP is a leader in automotive and industrial acquired in terms of products/line of consulting. MHP provides business consulting, business acquired, date of digital transformation, AI, SAP transformation, incorporation, history of last 3 years manufacturing digitalization, connected mobility turnover, country in which the and software-defined mobility to automotive and acquired entity has presence and any industrial clients. other significant information (in brief) MHP is a fully owned subsidiary of Porsche AG, incorporated on May 13, 1996. Last 3 years turnover: • CY23: € 828 million • CY24: € 830 million • CY25: € 742 million In addition to Germany, MHP has presence in Romania, UK, USA, India and Mexico through its s ubsidiaries. 9th Floor Nirmal Building Nariman Point Mumbai 400 021 Tel 91 22 6778 9595 Fax 91 22 6630 3672 e-mail corporate.office@tcs.com website www.tcs.com Registered Office 9th Floor Nirmal Building Nariman Point Mumbai 400 021 Corporate Identity No. (CIN): L22210MH1995PLC084781 Annexure B TCS and Porsche AG Partner to Accelerate the Future of AI-Powered Mobility As part of the strategic deal, TCS will set up an AI Mobility Centre of Excellence for the auto major and acquire Porsche’s IT consulting subsidiary – MHP. MUMBAI | STUTTGART, August 24, 2026: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), today announced a strategic partnership with Porsche AG (ETR: P911) for enabling AI services across the mobility value chain for Porsche. The partnership is reinforced by a five-year strategic deal from Porsche. As part of the deal, TCS will establish a dedicated AI Mobility Centre of Excellence for Porsche to drive innovation across manufacturing, engineering, operations and customer experience. TCS, through its subsidiary, will acquire 100% of MHP Management- und IT-Beratung GmbH (MHP), Porsche’s Germany-based management and IT consulting subsidiary. The proposed partnership and acquisition remain subject to regulatory approvals. MHP brings strong automotive and industrial consulting and implementation experience, with strengths in business transformation, AI, SAP, manufacturing digitalization, and connected mobility. Its long-standing track record in delive [Showing first 8,000 characters — download PDF for full document]