Sub: Sanction of the Scheme of Merger by Absorption between Tech Mahindra Business
Services Limited ("TMBSL") and Born Commerce Private Limited ("Born") with Tech Mahindra Limited ("TML") and their respective Shareholders by Hon'ble NCLT, Mumbai and Chennai.
Ref: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
Dear Sir / Madam,
In furtherance to our earlier communication dated January 29, 2021 on the captioned subject, this is to inform you that:
The Hon'ble National Company Law Tribunal, Mumbai Bench (NCLT Mumbai) had approved the Scheme of Merger by absorption of Tech Mahindra Business Services Limited with the Company on January 05, 2023.
The Hon'ble National Company Law Tribunal, Chennai Bench (NCLT Chennai) has approved the Scheme of Merger by absorption of Born Commerce Private Limited with the Company on January 12, 2023.
The certified copy of the order from NCLT Mumbai and NCLT Chennai is awaited. The Scheme shall be effective upon filing of the orders of the respective NCLT with the Ministry of Corporate Affairs (MCA).
We request you to take the subject information on record.
Thanking you,
Yours Faithfully,
For Tech Mahindra Limited
Anil Mohanlal Khatri
Digitally signed by Anil Mohanlal Khatri Date: 2023.01.12 18:23:06 +05'30'
Anil Khatri Company Secretary
Attachments
Original Link
Original Document
Permalink
Disclaimer
Tech Mahindra Limited published this content on 12 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 January 2023 13:29:06 UTC.
Tech Mahindra Limited is one of India's leading IT service providers. Net sales break down by activity as follows:
- IT services (89.9%): consulting and engineering services, software publishing, outsourcing, architectural development and deployment, management of application management, development of network infrastructures, data security, cloud computing, etc. ;
- business process outsourcing services (10.1%).
Net sales break down as follows: telecommunications (39.7%), manufacturing industries (16.4%), financial services (16.1%), technology, media and entertainment (9.4%), distribution, transport and logistics (7.6%) and other (10.8%).
Net sales are distributed geographically as follows: India (6.8%), the Americas (47.5%), Europe (26%) and other (19.7%).
TECH MAHINDRA LIMITED 
