We hereby inform you that the Board of Directors of the Company, at its meeting held today, i.e. 29th July 2026, accorded its approval for the sale, transfer, and disposal of the Company's Truck & Bus Division together with its employees, assets, intellectual property, licenses, permits, insurance policies, contracts, interests, rights, and liabilities ('MTBD Business Undertaking'), as a going concern on a slump sale basis, as per Section 2(103) and other applicable provisions of the Income-tax Act, 2025, to SML Mahindra Limited, a listed subsidiary of the Company, under a Business Transfer Agreement ('BTA'), for a consideration of Rs. 525 crore, subject to working capital adjustments as set out in BTA |