Tech Mahindra Allots 1,12,907 Equity Shares Through Employee Stock Option Exercise

Tech Mahindra has announced the allotment of 1,12,907 equity shares on May 1, 2026, following the exercise of employee stock options under two established schemes. The Securities Allotment Committee of the Board of Directors approved this allotment at 9:02 PM IST on the same date.

Share Allotment Details

The allotment was executed through two separate employee stock option plans:

Scheme: Shares Allotted ESOP 2014: 54,534 ESOP 2018: 58,373 Total: 1,12,907

Each equity share carries a par value of ₹5 and has been issued as fully-paid shares. The exercise price per share was set at ₹5 with no premium charged.

Post-Allotment Capital Structure

Following this share allotment, Tech Mahindra's capital structure has been updated:

Parameter: Value Total Issued Shares: 97,99,54,159 Total Issued Share Capital: ₹4,89,97,70,795 Distinctive Numbers: 1000426253 to 1000539159 ISIN Number: INE669C01036

Regulatory Compliance

The company has fulfilled its obligations under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The allotment was made pursuant to the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Key regulatory aspects include:

Both ESOP schemes received prior approval from stock exchanges

ESOP 2014 received in-principal approval on March 31, 2015

ESOP 2018 received in-principal approval on March 20, 2019

Statement under Regulation 10(b) for ESOP 2018 was filed on February 27, 2019

Share Characteristics

The newly allotted shares are identical to existing equity shares and rank pari passu with them. No lock-in restrictions apply to these shares, and no listing fees are payable for this allotment. The shares have been issued in dematerialized form under the existing ISIN number.

Tech Mahindra is listed on both BSE Limited (Scrip Code: 532755) and National Stock Exchange of India Limited (Symbol: TECHM). The company secretary Ruchie Khanna digitally signed the regulatory filing on May 1, 2026.

Tech Mahindra has announced a strategic acquisition that will see the company acquire an 85% stake in Alluri Technologies for CAD 28 million. The transaction will be executed through the company's subsidiary, demonstrating Tech Mahindra's commitment to expanding its technology portfolio and market presence.

Acquisition Details

The acquisition structure provides Tech Mahindra with majority control while utilizing its subsidiary framework for the transaction. This approach allows the company to maintain operational flexibility while integrating Alluri Technologies' capabilities into its broader business ecosystem.

Parameter: Details Stake Acquired: 85% Transaction Value: CAD 28 million Execution Method: Through subsidiary Target Company: Alluri Technologies

Strategic Implications

The acquisition of Alluri Technologies represents Tech Mahindra's ongoing strategy to strengthen its technology capabilities and expand its service offerings. By securing an 85% majority stake, the company positions itself to leverage Alluri Technologies' expertise and resources while maintaining control over strategic decisions and operational direction.

The use of a subsidiary structure for this acquisition demonstrates Tech Mahindra's sophisticated approach to corporate expansion, allowing for efficient integration while preserving operational independence where beneficial. This transaction adds to Tech Mahindra's growing portfolio of technology investments and partnerships.

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