Mahindra and Mahindra : Amalgamation/Merger

Mahindra & Mahindra Ltd.

Mahindra Towers,

Dr. G. M. Bhosale Marg, Worli, Mumbai 400 018 India

Tel: [phone] Fax: [phone]

REF:NS:SEC:
1st April, 2022
National Stock Exchange of India Limited	BSE Limited
"Exchange Plaza", 5th Floor,	Phiroze Jeejeebhoy Towers,
Plot No.C/1, G Block	Dalal Street, Fort,
Bandra-Kurla Complex	Mumbai 400001.
Bandra (East), Mumbai 400051.
Bourse de Luxembourg	London Stock Exchange Plc
Societe de la Bourse de Luxembourg	10 Paternoster Square
Societe Anonyme/R.C.B. 6222,	London EC4M 7LS.
B.P. 165, L-2011 Luxembourg.

Sub:Intimation by Mahindra Holidays & Resorts India Limited, a listed subsidiary of the Company, under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

The Company has received an intimation from Mahindra Holidays & Resorts India Limited, a listed subsidiary of the Company ("MHRIL") informing that the following step-down subsidiaries of MHRIL, incorporated in Finland, have been merged with Holiday Club Resorts Oy, Finland ("HCR"), a wholly owned subsidiary of MHRIL, with effect from April 1, 2022:

• 1. Kiinteistö Oy Rauhan Ranta 1,

• 2. Kiinteistö Oy Rauhan Ranta 2,

• 3. Kiinteistö Oy Kylpyläntorni 1,

• 4. Kiinteistö Oy Spa Lofts 2,

• 5. Kiinteistö Oy Spa Lofts 3,

• 6. Kiinteistö Oy Tiurunniemi,

• 7. Kiinteistö Oy Vanha Ykköstii,

• 8. Kiinteistö Oy Katinnurkka,

• 9. Kiinteistö Oy Tenetinlahti,

• 10. Kiinteistö Oy Himos Gardens,

• 11. Kiinteistö Oy Kuusamon Pulkkajärvi 1

• 12. Kiinteistö Oy Mällösniemi

Consequently, the the above-mentioned companies have ceased to be subsidiaries of HCR and of MHRIL and that of the Company with effect from 1st April, 2022.

The details as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,

2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015 and as intimated by MHRIL are attached as to the Annexure to this letter.

This is for your information. Kindly acknowledge receipt.

Yours faithfully,

For MAHINDRA & MAHINDRA LIMITED

NARAYAN SHANKAR

COMPANY SECRETARY Encl: As above

Regd. Office: Gateway Building, Apollo Bunder, Mumbai 400 001, India Tel: [phone]|Fax: [phone]

Email :[e-mail]

CIN No. L65990MH1945PLC004558

4°44%

ClubMahindra
110 April 1, 2022
MHRIL/SE/22-23/1
Listing Compliance	Department of Corporate Services
National Stock Exchange of India Limited	BSE Limited
Exchange Plaza, Plot No. C/1, G Block	Floor 25, PJ Towers,
Bandra-Kurla Complex	Dalai Street
Bandra E, Mumbai - 400 051	Mumbai - 400 001
Scrip Code: MHRIL	Scrip Code: 533088
Dear Sir/Madam,

Sub: Intimation under Regulation 30 read with Schedule III of SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") - Merger of subsidiaries of Holiday Club Resorts 0y, Finland

We would like to inform you that the following step down subsidiaries of the Company, incorporated in Finland, have been merged with Holiday Club Resorts Oy, Finland ("HCR"), a wholly owned subsidiary of the Company, with effect from April 1, 2022.

• 1. KiinteistO Oy Rauhan Ranta 1,

• 2. Kiinteisto Oy Rauhan Ranta 2,

• 3. KiinteistO Oy Kylpylantorni 1,

• 4. Kiinteist5 Oy Spa Lofts 2,

• 5. Kiinteist6 Oy Spa Lofts 3,

• 6. KiinteistO Oy Tiurunniemi,

• 7. Kiinteist6 Oy Vanha YkkOstii,

• 8. Kiinteisto Oy Katinnurkka,

• 9. KiinteistO Oy Tenetinlahti,

• 10. KiinteistO Oy Himos Gardens,

• 11. Kiinteisto Oy Kuusamon Pulkkajarvi 1

• 12. Kiinteisto Oy MallOsniemi

Accordingly, the above-mentioned companies have ceased to be the subsidiaries of HCR and consequently, that of the Company with effect from April 1, 2022.

The details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 are given in Annexure A to this letter.

The aforesaid is for your necessary information and records.

Thanking you,

Yours faithfully,

For Mahindra Holidays & Resorts India Limited

Dhanraj Mulki

General Counsel & Company Secretary

Encl: As Above

Mahindra Holidays & Resorts India Limited

Corporate Office : Mahindra Towers, 1" Floor,'A Wing, Dr. G. M. Bhosle Marg, P. K. Kurne Chowk, Worli, Mumbai - 400 018 t: [phone]. f: [phone]

Registered Office: Mahindra Towers, 2"°floor, 17/18 Patullos Road, Chennai - 600 002 t [phone] f : [phone] e:[e-mail] / w: www.clubmahindra.com / CIN: 15 5101TN1996PLC036595

ClubMahindra

Sr. No.

Annexure A

Details of Events that need to be provided Information of such event(s)

• a) Name of the entity(ies) forming part of the The following step down subsidiaries of the Company amalgamation/merger, details in brief such have been merged with Holiday Club Resorts Oy,

  as, size, turnover etc.

  Finland ("HCR"), a wholly owned subsidiary of the Company, with effect from April 1, 2022:

  S. N

  Name of the Company

  1 KiinteistO Oy Rauhan 0

  Ranta 1

  • 2 KiinteistO Ranta 2

  • 3 Kiinteistb

  Oy Rauhan 0

  Kylpylantorni 1

  Oy 0

  4 Kiinteistb Oy Spa Lofts 2 0

  5 Kiinteisto Oy Spa Lofts 3 0

  • 6 Kiinteisto Tiurunniemi

  • 7 KiinteistO YkkOstii

  • 8 Kiinteisto KatinnurkkaOy 0

  Oy

  Vanha 0

  Oy 0

  9 Kiinteisto Oy Tenetinlahti 0

  10 KiinteistO Oy Himos 0 Gardens

  11 Kiinteisto Oy Kuusamon 11,628 Pulkkajarvi

  12 KiinteistO

  Oy 16,380

  Mallasniemi

• b) Whether the transaction would fall within Not a Related Party Transaction related party transactions? If yes, whether the same is done at "arms length"

Mahindra Holidays & Resorts India Limited

Turnover for the year ended March 31, 2021 (amount in Euro)

Corporate Office : Mahindra Towers, 1' Floor,'A' Wing, Dr. G. M. Bhosle Marg, P. K. Kurne Chowk, Worli, Mumbai - 400 018

t: [phone]. f: [phone]

e:[e-mail] / w: www.clubmahindra.com / CIN: L5 5101TN1996PLC036595

,a.

&

•

0 ' 3

Mum 400(

ClubMahindra

c)	Area of business of the entity(ies)	Engaged in the letting and owning of real estate.
d)	Rationale for amalgamation/ merger	The merger enables a lighter and more rationalized
organization structure and results in fewer
administrative costs.
e)	In case of cash consideration - amount or	None, as the wholly owned subsidiary companies
otherwise share exchange ratio	have been merged with its parent company.
f)	Brief details of change in shareholding pattern	Not Applicable
(if any) of listed entity

Mahindra Holidays & Resorts India Limited

Corporate Office : Mahindra Towers, 1" Floor,'A Wing, Dr. G. M. Bhosle Marg, P. K. Kurne Chowk, Worli, Mumbai - 400 018

t: [phone]. f: [phone]

e:[e-mail] / w: www.clubmahindra.com / CIN: 15 5101TN1996PLC036595