Please refer enclosed file

Mahindra & Mahindra Ltd. Mahindra Towers, Dr. G. M. Bhosale Marg, Worli, Mumbai 400 018 India Tel: +91 22 2490 1441 Fax: +91 22 2490 0833 www.mahindra.com M&M/SEC/2026-27/054 22nd June 2026 National Stock Exchange of India Ltd BSE Limited Scrip Code: M&M Scrip Code: 500520 Sub: Transfer of Equity Shares by Mahindra & Mahindra Employees’ Stock Option Trust to the Stock Option Grantees Dear Sir/Ma’am, In compliance with the undertaking given to the Exchanges at the time of listing of shares that were allotted to Mahindra & Mahindra Employees’ Stock Option Trust (“the Trust”), we are enclosing the details of the Stock Option Grantees to whom the shares have been transferred by the Trust on 22nd June 2026, pursuant to the exercise of the Stock Options granted under the Company’s Employees’ Stock Option Scheme. The same is marked as Annexure I. Kindly acknowledge receipt. Yours sincerely, For Mahindra & Mahindra Limited Sailesh Kumar Daga Company Secretary FCS: 4164 Encl.: as above CC: Luxembourg Stock Exchange London Stock Exchange Plc ISIN: USY541641194 Regd. Office: Gateway Building, Apollo Bunder, Mumbai 400 001, India | Tel: +91 22 6897 5500 | Fax: +91 22 22875485 | Email: group.communication@mahindramail.com | mahindra.com | CIN No. L65990MH1945PLC004558 ANNEXURE – I MAHINDRA & MAHINDRA EMPLOYEES STOCK OPTION TRUST LIST OF STOCK OPTION GRANTEES TO WHOM THE SHARES HAVE BEEN TRANSFERRED Sr No Name Total No. of Equity Shares 1 Sudhir Sathe 33 2 Shrikant Dube 150 3 V R Nakra 15982 4 M S Parab 500 5 Harish Chavan 3286 6 Mahendra Apte 100 7 Deven Maskara 260 8 Roshan Lad 127 9 Rahul Chemburkar 424 10 Narayan Shankar 2763 11 Saurabh Vatsa 313 12 Samir Rawte 400 13 R Ramaprabhu 750 14 Swapnil Nimkar 44 15 R Suresh Kumar 120 16 Shirish Godbole 500 17 Mohammed Ali Shah 74 18 Nirav Parekh 159 19 CP Bharath 332 20 Shailesh Pednekar 240 21 Ganeshkumar Palraj 80 22 Sasidhar Kanigelpula 1000 23 Anuj Kumar 371 24 Jasjeet Singh 768 25 Satheesh Kumar R. 49 26 Rahul Tiwari 50 27 Anayat Beigh 184 28 Prashant Sharma 50 29 Vineeth Ketham Reddy 36 30 Prakash Wakankar 8621 31 Muthu Ramakrishnan 150 32 Ramesh Ramachandran 5917 33 Vinod Sahay 500 34 Rajesh M 1372 35 Bhuwan Lodha 719 36 Prabakaran D 807 37 Mohit Kapoor 19944 38 Ajay Saran Sharma 1680 39 Syam . 200 40 Amarjyoti Barua 5472 41 Subhrangsu Mitra 238 Total 74765