General Updates

25th June 2026 BSE Limited (Scrip Code: 532720) National Stock Exchange of India Ltd. (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: Business Responsibility and Sustainability Report for FY 2025-26 pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) In compliance with Regulation 34(2)(f) of the Listing Regulations, please find enclosed the Business Responsibility and Sustainability Report (“BRSR”) for FY 2025-26 which forms part of the Integrated Annual Report of the Company for the FY 2025-26. The Company has obtained reasonable assurance on BRSR Core and limited assurance on BRSR non- Core parameters including essential and leadership indicators and all disclosures made thereunder, from an independent assurance provider, in accordance with “International Standard on Assurance Engagements (ISAE) 3000 (Revised) and ISAE 3410, which forms part of the report. The BRSR report is also being filed in XBRL mode as required. We request you to take the same on record. Thanking you, For Mahindra & Mahindra Financial Services Limited Brijbala Batwal Company Secretary FCS No.: 5220 Enclosure: as above Business Responsibility & Sustainability Report Business Responsibility & Sustainability Report Section A: GENERAL DISCLOSURES I Details of the listed entity 1 Corporate Identity Number (CIN) of the Listed Entity L65921MH1991PLC059642 2 Name of the Listed Entity Mahindra & Mahindra Financial Services Limited (MMFSL) 3 Year of incorporation 1991 4 Registered office address Gateway Building, Apollo Bunder, Mumbai, 400-001 India 5 Corporate address Mahindra Towers, 3rd Floor, Dr. G. M. Bhosale Marg, Worli, Mumbai 400-018 India 6 E-mail sustainability@mahindrafinance.com (for matters related to BRSR) 7 Telephone +91 22 66526000/+9122 66523500 8 Website www.mahindrafinance.com 9 Financial year for which reporting is being done FY2026 10 Name of the Stock Exchange(s) where shares are BSE Limited and listed National Stock Exchange of India Limited 11 Paid-up Capital 277.91 INR Cr. 12 Name and contact details (telephone, email Particulars Details address) of the person who may be contacted in case of any queries on the BRSR report Name Mr. Anupreet Anand Designation Head of Sustainability In case of any sustainability@mahindrafinance. BRSR query com 13 Reporting boundary - Are the disclosures under Report disclosures made on a standalone basis ie. this report made on a standalone basis (i.e. only 1348 office of MMFSL across India for the entity) or on a consolidated basis (i.e. for the entity and all the entities which form a part of its consolidated financial statements, taken together) 14 Name of assessment or assurance provider SGS India Private Limited 15 Type of assessment or assurance obtained • Non-Core Indicators – Limited Assurance • Core Indicators – Reasonable Assurance* Note (*): In accordance with Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Amendment) Regulations 2025, the requirement for assurance was replaced with “assessment or assurance of the specified parameter”. For the BRSR FY2026 report, Mahindra Finance has continued with the original SEBI obligation of Reasonable Assurance for core indicators and a Limited Assurance for non-core indicators, going beyond the regulatory mandate. II Products/Services 16 Details of business activities (accounting for 90% of the turnover): S. Description of Main Activity Description of Business Activity % of Turnover No. of the entity 1 Financial and insurance Service Financial and Credit leasing activities 91.24% 2 Financial and insurance Service Other financial activities 8.76% 17 Products/Services sold by the entity (accounting for 90% of the entity’s Turnover): S. Product/Service NIC Code % of total Turnover No. contributed 1 Financial Service 64920 91.24% III Operations 18 a. No. of locations where plants and/or operations/offices of the entity are situated: Location No. of plants No. of offices National NA 1,348 locations as on 31st March 2026 International NA The Company operates through its Joint Venture (JV) Company Mahindra Finance USA LLC, in United States and through its subsidiary company Mahindra Ideal Finance Limited, in Sri Lanka. Note: The above companies are not within the purview of this BRSR. 19 Markets served by the entity a No. of Locations Location Number National (No. of States) 27 Union Territories 7 International (No. of Countries) NA Note: MMFSL has two facilities in Sri Lanka and USA but the same are not within the boundary conditions defined for BRSR b What is the contribution of There were no exports during FY2026; hence the contribution of exports as a percentage of the exports to total turnover is zero. total turnover of the entity? C A brief on types of customers Mahindra Finance serves a broad and diverse customer base, primarily located across rural and semi-urban India. The Company offers a comprehensive range of financing and investment solutions designed to meet the specific needs of individuals, entrepreneurs, and businesses in these regions. Business Responsibility & Sustainability Report IV Employees 20 Details as at the end of Financial Year: a Employees and workers (Excluding differently abled): S. Particulars Total (A) Male Female No. (B) % (B/A) No. (C) % (C/A) Employees Permanent (D) 22,637 21,301 94.10% 1,336 5.90% Other than Permanent (E) 4,480 4,044 90.27% 436 9.73% Total employees (D + E) 27,117 25,345 93.47% 1,772 6.54% Workers Permanent (F) Other than Permanent (G) NA Total workers (F + G) b Differently abled Employees and workers: S. Particulars Total (A) Male Female No. (B) % (B/A) No. (C) % (C/A) Differently-abled Employees Permanent (D) 33 29 87.88% 4 12.12% Other than Permanent (E) 0 0 - 0 - Total employees (D + E) 33 29 87.88% 4 12.12% Differently-abled Workers Permanent (F) Other than Permanent (F) NA Total employees (F + G) Note: As a service-sector entity, Mahindra Finance does not hire any “workers” as defined under the BRSR framework. 21 Participation/Inclusion/Representation of women Total (A) No. and percentage of Females No. (B) % (B/A) Board of Directors 10 2 20.00% Key Management Personnel 3 1 33.33% Note: Managing Director & CEO has been included in both the “Board of Directors” and Key Management Person (KMP) categorisation in table above. 22 Turnover rate for permanent employees and workers (Disclose trends for the past 3 years) Category FY (2025-26) FY (2024-25) FY (2023-24) (Turnover rate in (Turnover rate in (Turnover rate in the year current FY) previous FY) prior previous FY) Male Female Total Male Female Total Male Female Total Permanent 25.50% 26.28% 25.55% 31.92% 26.21% 30.97% 26.78% 19.62% 26.45% Employees Permanent Workers V Holding, Subsidiary and Associate Companies (including joint ventures) 23 Names of holding/subsidiary/associate companies/joint ventures S. Name of the holding/subsidiary/ Indicate % of shares Does the entity No. associate companies/joint ventures whether held by listed indicated at column (A) holding/ entity A, participate in the Subsidiary/ Business Responsibility Associate/Joint initiatives of the listed Venture entity? (Yes/No) 1 Mahindra & Mahindra Limited (M&M) Holding 52.49 Yes* 2 Mahindra Insurance Brokers Limited Subsidiary 100 No (MIBL) 3 Mahindra Rural Housing Finance Limited Subsidiary 98.43 No (MRHFL) 4 Mahindra Manulife Investment Subsidiary 51 No Management Private Limited (MMIPL) 5 Mahindra Manulife Trustee Private Subsidiary 51 No Limited (MMTPL) 6 Mahindra Finance CSR Foundation Subsidiary 100 No 7 Mahindra Ideal Finance Limited (Sri Lanka) Subsidiary 58.20 No 8 Mahindra Finance USA LLC Joint Venture 49 No Note: (*) Mahindra & Mahindra Limited has established policies and procedures across Business Respons [Showing first 8,000 characters — download PDF for full document]