TECHM: ITALY SUBSIDIARY PF HOLDINGS B.V. TO BUY 10.02% STAKE IN PININFARINA FOR EUR 9.46 MN

• PF Holdings B.V., subsidiary of Tech Mahindra, launched a voluntary totalitarian tender offer under CONSOB regulations for up to 13,700,787 ordinary shares (17.42%) of Pininfarina S.p.A., a step-down subsidiary • Commitment to Tender signed on 5 November 2026 for 7,886,000 ordinary shares (10.02%) at EUR 1.20 per share, cost up to EUR 9.46 million, cash consideration • Holding in Pininfarina to rise from 82.57% to 92.59% on completion • Pininfarina is pursuing delisting from Borsa Italiana; completion on or before 31 December 2026, subject to approvals of the Presidency of the Council of Ministers • Pininfarina, in automotive design and engineering services (Italy, incorporated 23 May 1930), had CY2025 consolidated turnover of EUR 102.7 million (~₹948.01 Cr)

Tech Mahindra Ltd

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