Tech Mahindra , a leading Indian IT services and consulting company, has made several significant announcements that underscore its strategic moves, commitment to sustainability, and shareholder services.

Updated ESG Rating Reflects Improved Performance

Tech Mahindra has received an updated ESG (Environmental, Social, and Governance) rating from ESG Risk Assessments and Insights Limited (ESGRisk.ai), a SEBI registered Category I Subscriber-Pays ESG Rating Provider. The company has been assigned an improved 'ESG rating 80', representing an enhancement from its previous rating of 74.

The latest ESG rating communication was received by Tech Mahindra on December 22, 2025 at 2:09 p.m. (IST). As with the previous assessment, the company did not engage ESGRisk.ai for this rating. The assessment was independently prepared and voluntarily issued by ESGRisk.ai, based on Tech Mahindra's disclosures for fiscal 2025 and other publicly available data.

Special Window for Re-lodgement of Physical Share Transfer Requests

Tech Mahindra has announced a special six-month window from July 7, 2025 to January 6, 2026 for shareholders to re-lodge transfer requests for physical shares. This facility applies specifically to transfer deeds that were lodged before April 1, 2019 and were previously rejected, returned, or not processed due to document deficiencies. Shares that are re-lodged during this period will be issued in demat mode only through a transfer-cum-demat process.

The company encourages shareholders who missed the earlier March 31, 2021 deadline to utilize this opportunity by submitting necessary documents to the registrar MUFG Intime India Private Limited. It's important to note that transfer requests submitted after January 6, 2026 will not be accepted unless SEBI grants an extension.

Guarantee Issuance for Pininfarina

Tech Mahindra has issued a guarantee on behalf of its step-down subsidiary, Pininfarina S.p.A., Italy, for a sum not exceeding €67.67 million. This guarantee supports a supply agreement between Pininfarina and Rolls-Royce Motor Cars Limited.

The transaction, approved by Tech Mahindra's Audit Committee, is classified as a related party transaction conducted on an arm's length basis in the ordinary course of business. While the guaranteed obligations will be treated as a contingent liability for Tech Mahindra, the company states that there is currently no impact from this guarantee.

These developments highlight Tech Mahindra's ongoing efforts to support its subsidiaries' business operations, maintain transparency in its ESG practices, and provide improved services to its shareholders. The improved ESG rating from 74 to 80 demonstrates the company's enhanced performance in environmental, social, and governance aspects, while the guarantee issuance shows commitment to facilitating strategic partnerships.

Tech Mahindra Limited has received a significant order from the Regional Provident Fund Commissioner regarding alleged non-remittance of provident fund contributions. The company disclosed this development through a regulatory filing under Regulation 30 of the SEBI Listing Regulations, emphasizing that no material financial impact is expected from the order.

Order Details and Financial Impact

The Regional Provident Fund Commissioner-I, Pune-I has issued an order under Section 7A of the Employees Provident Funds And Miscellaneous Provisions Act, 1952. The order demands a total of ₹1,287.44 crores for alleged non-remittance of PF contributions for the period from May 2014 to March 2016.

Nature of Allegations

The Employees Provident Fund Organization (EPFO) has alleged non-remittance by Tech Mahindra of Provident Fund contributions for certain identified domestic employees and employees deputed in foreign locations in non-SSA countries. The order specifically relates to employees in countries with which India does not have Social Security Agreements.

The company is required to remit the demanded amount to the Provident Fund accounts of the identified employees across both domestic and international locations.

Company's Response and Assessment

Tech Mahindra has indicated its intention to challenge the order through the appellate process. The company's key positions include:

• An appeal will be filed against the order
• The company is hopeful of a favorable outcome at the appellate level
• No material financial impact is expected from the said order
• Appropriate disclosures have already been made as part of contingent liabilities in audited financial statements

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Tech Mahindra has also made this information available on its website at www.techmahindra.com , ensuring transparency with stakeholders and regulatory compliance.

The company maintains that based on its assessment, the order does not reasonably pose any material financial impact, suggesting confidence in its legal position for the upcoming appellate proceedings.