In a key compliance and corporate governance move, Tech Mahindra Limited, a leading global technology consulting and digital transformation company, has announced the appointment of Makarand M. Joshi & Co. (MMJC) as its Secretarial Auditor. This decision was taken during the board meeting held on April 24, 2025, and is effective immediately, subject to the approval of shareholders in the company’s 38th Annual General Meeting.

As per the disclosure made to the stock exchanges — BSE Limited and the National Stock Exchange of India (NSE) — under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the board has approved a five-year term for MMJC, beginning from the financial year 2025-26 through to 2029-30.

Makarand M. Joshi & Co. (MMJC) is a peer-reviewed firm of Practicing Company Secretaries, holding Firm Registration No. P2009MH007000. The firm has carved a niche for itself over 25 years in the domain of Corporate Governance, Secretarial Audits, Regulatory Compliance, and Due Diligence. Their clientele spans diverse industries including IT, banking, pharma, telecom, infrastructure, and FMCG, and their advisory services extend across SEBI regulations, FEMA guidelines, corporate laws, and mergers & acquisitions.

The meeting of the Board of Directors commenced at 2:00 PM and concluded at 4:10 PM, during which several other routine and strategic matters were also deliberated.

This appointment aligns with Tech Mahindra's ongoing emphasis on strengthening internal controls, regulatory compliance, and good governance practices. With MMJC's proven track record and deep expertise, the company aims to maintain and enhance its statutory and secretarial compliance standards.

In the Annexure B attached to the official communication, the company provided a structured disclosure covering:

• Reason for Appointment: The need to formalize and strengthen the company’s secretarial audit processes through an experienced firm.

• Date and Term of Appointment: April 24, 2025, for a 5-year term, subject to shareholder nod at the 38th AGM.

• Firm Profile: Highlighting MMJC’s standing as a top-tier firm with broad industry coverage and a holistic approach to compliance.

• Director Relationship: It was clarified that there is no relationship between the appointed auditors and the company’s directors.

This appointment marks a significant step toward Tech Mahindra’s continued focus on transparency, governance integrity, and shareholder value enhancement.

The company has also ensured regulatory transparency by hosting this update on its official website — www.techmahindra.com, and submitting the same to the concerned stock exchanges.

With corporate governance under increasing scrutiny from investors, regulators, and other stakeholders, this move reflects Tech Mahindra’s commitment to maintaining high ethical and governance standards, while navigating complex regulatory environments across the globe.

As Tech Mahindra continues its journey of digital transformation and global expansion, having a robust and independent secretarial audit mechanism will play a vital role in ensuring compliance, transparency, and investor confidence.

Stay tuned for more updates from Tech Mahindra and other developments from India Inc. as companies gear up for the FY 2025-26 compliance calendar.

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