Merger of Bill Forge Private Limited (the wholly owned subsidiary of the Company) with the Company We refer to our letter dated September 25, 2018 whereby exchanges were informed about the approval of the Board of Directors of the Company to the Scheme of Merger between Bill Forge Private Limited (Bill Forge) and Mahindra CIE Automotive Limited (MCIE or Company) and their respective shareholders (the Scheme). The said scheme solely provides for merger of a wholly owned subsidiary (i.e. Bill Forge) with the parent company (i.e. MCIE). In accordance with Regulation 37(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 read with Clause 7 of Circular no. CFD/DIL3/CIR/2017/21 dated March 10, 2017 issued by SEBI, as amended from time to time, draft of the Scheme is filed herewith with the Stock Exchanges for the purpose of disclosures and the Stock Exchanges are requested to disseminate the Scheme on their websites. (As Per BSE Announcement Dated on 24.10.2018) We hereby inform you that a petition for sanctioning the said Scheme under Section 230 to 232 of the Companies Act, 2013 was presented before the Hon'ble National Company Law Tribunal, Mumbai Bench at Mumbai (Hon'ble Tribunal) and the same was admitted by the Hon'ble Tribunal on 23rd August, 2019. The said petition is now fixed for hearing on Friday, 20th September, 2019 before the Hon'ble Tribunal. The Company has published a notice of hearing of the said petition in two local newspapers viz. 'Business Standard' on 3rd September, 2019 in English language and translation thereof published in 'Navshakti' in Marathi language on 3rd September, 2019 as per Rule 16 of the Companies (Compromise, Arrangements and Amalgamations) Rules, 2016, copies whereof is enclosed herewith. (As Per BSE Announcement Dated on 04.09.2019) We refer to our letter dated 4th September, 2019 whereby we had inter-alia informed that petition seeking approval of the Hon'ble National Company Law Tribunal, Mumbai Bench (the Hon'ble Tribunal) to the Scheme of Merger by absorption of Bill Forge Private Limited (the Wholly owned subsidiary of the Company) by the Company (the Scheme) was kept for final hearing on 20th September, 2019. We now wish to inform you that after the hearing held on 20th September, 2019 and the Hon'ble Tribunal had reserved the same for Order. The Order approving the Scheme was delivered by the Hon'ble Tribunal on 4th November, 2019 and the minutes of the order is now available on the website of the Hon''ble Tribunal. Accordingly, the Scheme will be operational once the certified copy of the Order along-with the Scheme is filed with the Registrar of Companies, Mumbai. Kindly acknowledge the receipt and take the same on record. (As Per BSE Announcement Dated on 05.11.2019) We refer to our letter dated 5th November, 2019 whereby we had inter-alia informed that order of Hon'ble National Company Law Tribunal, Mumbai Bench (the Hon'ble Tribunal) approving the Scheme of Merger by absorption of Bill Forge Private Limited (the Wholly owned subsidiary of the Company) by the Company (the Scheme) was delivered by the Hon'ble Tribunal on 4th November, 2019 and the minutes of the order were available on the website of the Hon''ble Tribunal. We now wish to inform you that a certified copy of Order along-with the Scheme has been filed with the Registrar of Companies, Mumbai today i.e. 15th November, 2019. Accordingly, the Scheme is effective i.e. operative with effect from 15th November, 2019. The Scheme shall take effect from the Appointed Date which is 1st April, 2018. A copy of the Order along-with the Scheme is enclosed herewith for your record. Kindly acknowledge the receipt and take the same on record. (As per BSE Announcement dated on 15/11/2019)