MAHINDRA and MAHINDRA FINANCIAL SERVICES LTD. - Outcome of Board Meeting

Mahindra and Mahindra Financial Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 23, 2014, has subject to the approval of the shareholders to be obtained by means of a Postal Ballot in accordance with Section 110 of the Companies Act, 2013 read with the Companies (Management and Administration) Rules, 2014, approved of the increase in the borrowing limits from Rs. 38,000 crores to Rs. 45,000 crores and the issue of <br/>Non-Convertible Debentures and/or other securities on a private placement basis.