Mahindra Holidays & Resorts India will hold a meeting of the Board of Directors of the Company on 29 October 2020.

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Mahindra Holidays & Resorts India announced acquisition of astrategic minority stake (6.67% stake) in Great Rocksport, (Rocksport) Asia's largest adventure program that introduces participants to the exciting world of soft adventure activities and outdoor experiences.

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Mahindra Holidays & Resorts India has agreed to subscribe to a minority equity stake in Great Rocksport, a company which is engaged in the business of soft adventure based activities and learning programs.

Rocksport is engaged, inter alia, in the business of undertaking and providing outdoor entertainment, adventure programs, educational adventure tours and retail of branded adventure products in India.

It is expected that the investment in Rocksport will increase customer engagement avenues for the Company, whereby the Company andRocksport can engage in multiple formats for its members - especially within resorts of the Company. Further, it is expected that there willbe cross selling of products by both parties for their growth and benefits.

The Company will subscribe to the issue of new shares by Rocksport on or before 30 November 2020. The cost of acquisition is Rs 3.05 crore.

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Mahindra Holidays & Resorts India announced the appointment of Sangeeta Talwar (DIN: 00062478) as an Independent Director of theCompany with effect from 01 February 2020 to 31 January 2025. The company also announced the appointment of Dr. Anish Shah (DIN: 02719429) as a Non-Executive Non-Independent Director of the Company, liable to retire by rotation.

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