Mahindra & Mahindra Ltd.

Pursuant to the issue of Compulsorily Convertible Cumulative Preference Shares to the Company, Mahindra & Mahindra has informed that the shareholding of the Company in Orizonte Business Solutions Limited, a subsidiary of the Company (Smartshift) will be enhanced from present 85.44% to 87.57% of the Share Capital (Equity and Preference), as per details provided in Annexure A to this letter. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/ 4/2015 dated 9th September, 2015 are given in Annexure A.

The above information is a part of company’s filings submitted to BSE.