Mahindra & Mahindra Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 03, 2016, has subject to requisite approvals/consents, approved the Scheme of Arrangement between Mahindra Two Wheelers Limited, a step-down subsidiary of the Company ('MTWL') and the Company and their respective Shareholders and Creditors which, inter alia, envisages demerger of the Two Wheeler Undertaking of MTWL (which consist of manufacturing and selling of Two Wheelers) and transfer and vesting thereof as a going concern into the Company and other consequential matters under the provisions of sections 391 to 394 read with sections 100 to 104 of the Companies Act, 1956 and notified section 52 of the Companies Act, 2013. MTWL is a subsidiary of Mahindra Vehicle Manufacturers Limited ('MVML') which in turn is a wholly owned subsidiary of the Company. Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015, please find enclosed Public Notice published today (i.e. 28th July, 2017) in the Newspapers viz.- Business Standard (in English) and Sakal (in Marathi), informing that the Petition filed by the Company for an order sanctioning the Scheme of Arrangement between Mahindra Two Wheelers Limited ('Demerged Company') and Mahindra & Mahindra Limited ('Resulting Company') and their respective Shareholders and Creditors is fixed for hearing before the National Company Law Tribunal, Mumbai Bench, on the 10th day of August, 2017. You are requested to take note of the same. (As Per BSE Announcement Dated on 28.07.2017) This is to inform you that the Mumbai Bench of the National Company Law Tribunal, at the hearing held today, i.e. on 18th October, 2017, has approved the Scheme of Arrangement between Mahindra Two Wheelers Limited ('MTWL') and Mahindra & Mahindra Limited ('the Company') and their respective Shareholders and Creditors under sections 230 to 232 read with section 52 and other applicable provisions of the Companies Act, 2013 read with the Rules framed thereunder. The Company is awaiting the certified copy of the Order of the National Company Law Tribunal and the Scheme will be made effective upon filing of the certified true copy of Order with the Registrar of Companies at Mumbai, Maharashtra, as required under the Companies Act, 2013. (As Per BSE Announcement Dated on 18.10.2017) This is further to our letter dated 18th October, 2017, wherein we had intimated that the Mumbai Bench of the National Company Law Tribunal had on 18th October, 2017 approved the Scheme of Arrangement between Mahindra Two Wheelers Limited ('MTWL') and Mahindra & Mahindra Limited ('the Company') and their respective Shareholders and Creditors. The Certified Copy of this Order sanctioning the Scheme from 1st October, 2016 being the Appointed Date has been filed electronically with the Registrar of Companies, Maharashtra, Mumbai by MTWL and the Company on 25th October, 2017. Thus, the Scheme has become effective from 25th October, 2017, being the last of the dates, on which the said certified or authenticated copy of the Order sanctioning the Scheme passed by the aforesaid Mumbai Bench of the National Company Law Tribunal has been filed with the Registrar of Companies, Maharashtra, Mumbai. (As Per BSE Announcement Dated on 25.10.2017) Allotment of Ordinary (Equity) Shares pursuant to the Scheme of Arrangement between Mahindra Two Wheelers Limited and Mahindra & Mahindra Limited and their respective Shareholders and Creditors (As per BSE Announcement date on 08/11/2017) Pls refer enclosed file (As per BSE Announcement Dated on 22/12/2023)