Tech Mahindra Limited has received an order from the Joint Commissioner, Office of Commissioner of Central Tax, Central Excise & Service Tax. (Medchal Commissionerate), State/UT: Hyderabad imposing a penalty u/s 73(9) of CGST Act, 2017 amounting to INR 20,000/- for the financial year 2018-19. The penalty has been imposed alleging recovery of the short payment of GST taxes and blocked input tax credit u/s 17(5) of CGST/TGST Act, 2017.

Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the authority: The Order dated 29th February 2024, has been received by the Company through courier on 8th May, 2024 around 11:12 A.M. (IST). Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible: Based on the Company's assessment, an appeal may be filed, and the Company is hopeful of a favorable outcome at the appellate level and does not expect the said Order to have any material financial impact on the Company.