Tech Mahindra Limited — Important, 11-12-2024: Disclosure of material issue

Tech Mahindra has received a penalty order from the Joint Commissioner in Bengaluru, imposing a fine of ₹39,168 under the KGST Act for a GST audit related to the financial year 2018-19. The company is considering applying under the GST amnesty scheme due to the relatively minor financial impact of this sanction. As it stands, this penalty is not expected to materially affect the company's financial health. Investors should note that while there has been an order from a regulatory authority, the overall implications on Tech Mahindra's operations seem minimal, suggesting a stable outlook despite this setback.