Issue of NCDs

24th September 2026 BSE Limited (Scrip Code: 532720) Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001. National Stock Exchange of India Ltd. (Symbol: M&MFIN) Exchange Plaza, 5th Floor, Plot No. C/1, “G” Block, Bandra - Kurla Complex, Bandra (East), Mumbai – 400 051. Dear Sir/Madam, Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) In compliance with Regulation 30(2) read with Schedule III and other applicable provisions, if any, of the SEBI Listing Regulations, we hereby inform you that the Debenture Issuance Committee, as authorized by the Board of Directors of the Company, has at their meeting held today, approved the offer and issuance of Secured, Rated, Listed, Redeemable Non-convertible Debentures on private placement basis, within the overall borrowing limits approved by the shareholders and authorization granted by the Board in this regard. Date and time of occurrence of event – 24th September 2026 at 4:00 p.m. (IST). The details as required under SEBI master circular no. SEBI/HO/DDHS/DDHS PoD/P/CIR/2025/0000000137 dated 15th October 2025 is provided in Annexure ‘I’ as attached to this letter This intimation is also being uploaded on the Company’s website at https://www.mahindrafinance.com/investor-relations/regulatory-filings Kindly take the same on record. Thanking you, For Mahindra & Mahindra Financial Services Limited Brijbala Batwal Company Secretary FCS: 5220 Encl: As above Page 2 Annexure ‘I’ Issuance of Debt Securities -SERIES AE2026 (Fresh Issuance) Sr. Requirements of Details No. disclosure a. Type of securities : Secured, Rated, Listed, Redeemable Non-convertible Debenture of face proposed to be value at Rs. 1,00,000/- per debenture issued (viz. equity shares, convertibles etc.) b. Type of issuance : Private Placement (further public offering, rights issue, depository receipts (ADR/GDR), qualified institutions placement, preferential allotment etc.) c. Total number of : Up to 2,00,000 Non-Convertible Debentures securities proposed to be issued or the total amount for which the securities will be issued (approximately) d.(i) Size of the issue : Up to Rs. 2,000 crore (Base issue Rs. 1000 Crore with Green shoe of additional Rs. 1000 crore) (ii) Whether proposed : Yes to be listed? If yes, name of the Wholesale Debt Market Segment of BSE Limited stock exchange(s) (iii) Tenure of the : 2 years & 364 days (1095 Days) from the deemed date of Allotment instrument Date of allotment : 29th September, 2026 (Deemed date of allotment) Date of maturity : 28th September, 2029 Pay-in-amount Based on the bid price(s) on the Electronic Bidding Platform (iv) Coupon/interest : Fixed Coupon: 7.95% p.a. offered Page 3 (v) Schedule of : payment of Cash Flows Date No. of days in Amount Coupon/interest Coupon period per and principal Debenture (Rs.) 1st Coupon Wednesday, 29 365 7,950.00 September, 2027 2nd Coupon Friday, 29 366 7,950.00 September, 2028 3rd Coupon Friday, 28 364 7,928.22 September, 2029 Principal Friday, 28 1,00,000 September, 2029 (vi) Charge/Security, if : Debentures shall be secured by way exclusive charge in favour of the any, created over Debenture Trustee on present and/or future receivables under Loan the assets contracts/Hire Purchase/Lease, owned Assets and Book debts to the extent of 1.1x of Debentures outstanding. The security shall be created on assets which are free from any encumbrances. The Company will create appropriate security in favour of the debenture trustee within the time frame prescribed as per applicable law. (vii) Special : Not Applicable rights/interest/ privileges attached to the instruments and changes thereof (viii) Delay in payment of : In case of default in payment of Coupon and/or principal redemption on interest/principal the due dates, additional interest @ 2% p.a. over the Coupon will be amount for a period payable by the Company for the defaulting period. of more than three months from the due date or default in payment of interest/principal (ix) Details of any letter : Not Applicable or comments regarding payment/non- payment of interest, principal on due dates, or any other matter concerning the security and/or the Page 4 assets along with its comments thereon, if any. (x) Details of : Redemption Date: Friday, 28th September 2029 redemption of R edemption Amount: Rs. 1,00,000/- per debenture Debentures e. Any cancellation or : Not Applicable termination of proposal for issuance of securities including reasons thereof