Credit Rating

08th September 2026 BSE Limited National Stock Exchange of India Ltd. (Scrip Code: 532720) (Symbol: M&MFIN) Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, "G" Block, Dalal Street, Fort, Bandra - Kurla Complex, Bandra (East), Mumbai - 400 001 Mumbai - 400 051 Dear Sir/Madam, Sub: Intimation under Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) – Reaffirmation of credit ratings. In compliance with the provisions of Regulation 30(6) read with Schedule III and other applicable provisions of the SEBI Listing Regulations, as amended from time to time, please take note of the following ratings received by the Company on 07th September 2026 from CRISIL Ratings Limited at 16:44 p.m., India Ratings & Research Private Limited at 12.14 p.m. and CARE Ratings Limited at 14:34 p.m. respectively at the request made by the company: CRISIL Ratings Limited: S.N. Instrument Rated Amount Rating Outstanding 1) Bank loan INR 20,000 Crore ‘CRISIL AAA'/ Stable / CRISIL A1+ 2) Commercial Paper INR 20,000 Crore ‘CRISIL A1+ 3) Fixed Deposit INR 20,000 Crore ‘CRISIL AAA'/ Stable 4) Non- Convertible Debentures INR 30,980 Crore ‘CRISIL AAA'/ Stable 5) Subordinated Debt INR 6,000.5 Crore ‘CRISIL AAA'/ Stable India Ratings & Research Private Limited: S.N. Instrument Rated Amount Rating Outstanding 1) Bank Loans INR 800,000 mn ‘IND AAA/Stable/IND A1+’ 2) Fixed Deposits INR 200,000 mn ‘IND AAA/Stable’ 3) Non-convertible Debentures INR 490 bn ‘IND AAA'/ Outlook Stable 4) Retail Non-convertible Debentures INR 80 bn ‘IND AAA'/ Outlook Stable 5) Private Sub Debt INR 104.5 bn ‘IND AAA'/ Outlook Stable 6) Principal protected Market Linked INR 15 bn ‘IND PP-MLD AAA/Stable Debentures 7) Retail Subordinate Debt INR 30 bn ‘IND AAA'/ Outlook Stable 8) Commercial Paper INR 200,000 mn IND A1+ Page 2 CARE Rating Limited: S.N. Instrument Rated Amount Rating Outstanding 1) Long Term / Short Term Bank INR 50,000 Crore CARE AAA; Stable / CARE A1+ facilities 2) Secured non-convertible INR 11,686.50 Crore CARE AAA; Stable debenture (NCD Privately Placed) 3) Unsecured non-convertible INR 1,000 Crore CARE AAA; Stable debenture (NCD privately placed) 4) Subordinated debt (privately INR 2,385 Crore CARE AAA; Stable placed) 5) Long-term debt programme INR 4,059.03 Crore CARE AAA; Stable (public issue non-convertible debentures/subordinated debt) This information is also being uploaded on the website of the Company at URL: https://www.mahindrafinance.com/investor-relations/debt-information#credit-ratings You are requested to take the same on record. Thanking you, For Mahindra & Mahindra Financial Services Limited Brijbala Batwal Company Secretary FCS: 5220