Tech Mahindra and Orange Business have entered exclusive negotiations to form a comprehensive 5-year strategic partnership aimed at accelerating end-to-end digital transformation for enterprise customers worldwide. The collaboration focuses on AI, automation, and secure digital platforms, combining Orange Business' trusted leadership in networks, platforms, cloud, and cybersecurity with Tech Mahindra's integration expertise and agile delivery capabilities.

Partnership Structure and Scope

The proposed non-equity global strategic partnership establishes a strategic go-to-market approach emphasizing increased regional collaboration, product innovation, and enhanced utilization of existing platforms. The partnership includes outsourcing portions of Orange Business' global customer support, quote-to-bill operations, and post-sales teams outside France to Tech Mahindra.

Strategic Objectives and Market Expansion

Aligned with Orange Business' ambition to become the worldwide leader in secure connectivity for enterprises, the partnership reflects a commitment to investing, expanding, and winning market share in global markets. The collaboration will leverage Orange Business platforms to deepen engagement with existing customers and accelerate new customer acquisition, expanding international footprint and service portfolios.

The French perimeter and certain sensitive customer segments, including national security and defense, will be excluded from this partnership to ensure full compliance with French national and European regulatory requirements.

Leadership Vision and Implementation

Aliette Mousnier-Lompré, CEO of Orange Business, stated that the partnership would be "a significant growth catalyst for Orange Business and for our customers," designed to accelerate scale in market reach and operational excellence while supporting the ambition to become the undisputed global leader in secure connectivity for enterprises.

Mohit Josh, CEO & Managing Director of Tech Mahindra, emphasized that the partnership brings together complementary strengths to "help enterprises accelerate digital transformation and unlock spectrum of possibilities in an increasingly connected world."

Operational Excellence and Digital Transformation

The combination of Orange Business International's positioning with Tech Mahindra's delivery agility and scale aims to accelerate automation, increase operational efficiency, boost competitiveness, and deliver greater value to customers worldwide. A comprehensive review of current operations, processes, tools, and performance metrics will identify areas where Orange could leverage Tech Mahindra's expertise to maximize partnership impact.

The project remains subject to completion of the process with relevant employee representative bodies.

Source: None/Company/INE669C01036/6c61b93d-d346-41e5-aba4-d8bb020f8b48.pdf

Tech Mahindra Limited has announced the allotment of 36,646 equity shares pursuant to the exercise of employee stock options under its established ESOP schemes. The Securities Allotment Committee of the Board of Directors approved this allotment on February 17, 2026, at 3.28 p.m. (IST), in compliance with SEBI Listing Regulations.

Share Allotment Details

The allotment comprises shares issued under two distinct employee stock option plans:

Financial Impact and Share Capital

The share allotment has resulted in changes to the company's capital structure:

Regulatory Compliance and Share Characteristics

The allotment was conducted in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The shares have been assigned distinctive numbers from 1000328046 to 1000364691 and carry the ISIN number INE669C01036.

Key features of the allotted shares include:

• Ranking: The shares rank pari passu and are identical to existing equity shares
• Lock-in Period: No lock-in restrictions apply to these shares
• Listing Status: Shares are eligible for trading on BSE Limited and National Stock Exchange of India Limited

ESOP Scheme Background

Both employee stock option schemes have received prior approvals from stock exchanges. The ESOP-2014 scheme received in-principal approval under letter no. DCS/IPO/JS/ESOP-IP/844/2014-15 dated March 31, 2015, while the ESOP-2018 scheme was approved under letter no. DCS/IPO/PB/ESOP-IP/3595/2018-19 dated March 20, 2019. The statement under Regulation 10(b) for the ESOP-2018 scheme was filed with both stock exchanges on February 27, 2019.

The allotment represents the company's continued commitment to employee participation through equity-based compensation, allowing eligible employees to exercise their stock options at the predetermined exercise price of ₹ 5 per share.