Mah&Mah - Updates on Scheme of Arrangement

With reference to the earlier announcement dated March 30, 2012 regarding the Hon'ble High Court of Judicature at Bombay on March 30, 2012 had approved the arrangement, embodied in the Scheme of Arrangement between Mahindra Automobile Distributor Private Limited ("Demerged Company"/"MADPL") and Mahindra and Mahindra Limited ("Resulting Company"/ "M&M") and their respective Shareholders and Creditors ("the Scheme"), Mahindra & Mahindra Ltd has now informed BSE that
the Certified Copy of this Order sanctioning the Scheme from April 01, 2011 being the Appointed Date has been filed electronically with the Registrar of Companies, Maharashtra, Mumbai on April 23, 2012.

Thus, the Scheme has become effective from April 23, 2012, being the last of the dates, on which the said certified or authenticated copy of the Order sanctioning the Scheme passed by the aforesaid Hon'ble High Court of Judicature at Bombay has been filed with the Registrar of Companies, Maharashtra, Mumbai.

Accordingly, the demerger of the Automotive Business alongwith related assets and liabilities of MADPL into the Resulting Company and other consequential matters under the provisions of Sections 391 to 394 read with Sections 78, 100 to 104 of the Companies Act, 1956 stands completed.