Mahindra Lifespace Developers has announced its plans to seek approval from the Karnataka Real Estate Regulatory Authority (KRERA) for changing the project promoter. This development marks a significant corporate restructuring initiative by the real estate arm of the Mahindra Group.

Regulatory Compliance Initiative

The company's decision to approach KRERA demonstrates its commitment to maintaining regulatory compliance while implementing strategic changes in its project management structure. The Real Estate Regulatory Authority plays a crucial role in overseeing and approving such corporate changes to ensure transparency and protect stakeholder interests.

Strategic Implications

This promoter change application reflects the company's ongoing efforts to optimize its project management framework. The move suggests a strategic realignment within the organization's real estate operations, potentially aimed at enhancing operational efficiency and project delivery capabilities.

Regulatory Framework

Under the Real Estate (Regulation and Development) Act, any changes in project promotership require prior approval from the respective state regulatory authority. This ensures that all stakeholder interests are protected and that the new promoter meets the necessary regulatory requirements and financial capabilities.

The application process typically involves detailed documentation and verification procedures to ensure seamless transition while maintaining project continuity and stakeholder confidence.

Mahindra & Mahindra Limited has announced the execution of a joint control agreement with Tech Mahindra Limited over Tech Mahindra Foundation (TMF) to strengthen and align their Corporate Social Responsibility initiatives. The agreement was signed on January 9, 2026 at 3:21 p.m., marking a strategic collaboration between the two Mahindra Group companies.

Joint Control Structure

Under the new arrangement, both Mahindra & Mahindra and Tech Mahindra Limited will have equal representation on the Board of Directors of Tech Mahindra Foundation. This joint control mechanism is designed to align CSR strategies and maximize the impact of their social responsibility efforts.

About Tech Mahindra Foundation

Tech Mahindra Foundation is a not-for-profit company originally incorporated under Section 25 of the Companies Act, 1956, corresponding to Section 8 of the Companies Act, 2013. The foundation operates extensively across multiple social impact areas:

• Education initiatives and programs
• Employability and skill development
• Disability support and inclusion
• Corporate volunteering programs

TMF was previously a wholly owned subsidiary of Tech Mahindra Limited, which is a listed associate of Mahindra & Mahindra.

Regulatory Compliance and Impact

Following the execution of this agreement, Tech Mahindra Foundation has been classified as an associate of Mahindra & Mahindra as per the Companies Act, 2013. The company has fulfilled its disclosure obligations under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The restructuring does not involve any changes in the shareholding patterns of Mahindra & Mahindra, Tech Mahindra Limited, or Tech Mahindra Foundation. Additionally, no specific benefits to promoters or promoter group companies have been identified from this proposed restructuring.

Strategic Alignment

This joint control arrangement represents a strategic move to consolidate and enhance the social impact initiatives of both companies. By combining their CSR efforts under a unified governance structure, the companies aim to create more effective and far-reaching social programs while maintaining operational efficiency in their philanthropic activities.