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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/2026-27/058 29th 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 29th 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 Kartik Ramasubramanian 25 2 Amar Patil 675 3 Vilas Yashwant Paranjape 550 4 Bharat Patil 1472 5 Yogesh Keskar 150 6 Sunil Rane 2536 7 Babith Nayak 269 8 Shrikant Dube 1599 9 Prashant Vyavahare 129 10 Devendra Bharambe 647 11 Dharmesh Raval 448 12 S.D. Dalvi 50 13 Santosh Deshmukh 58 14 Rajesh Jejurikar 4509 15 Ashish Lath 201 16 Saurabh Vatsa 312 17 Mukund Paranjape 928 18 Manoj Gauba 387 19 Alok Kumar Ray 301 20 Basant Bhansali 1262 21 Dileep Singh 75 22 Vivek Sharma 9665 23 Nachiket Joshi 910 24 Rehan Shaik 275 25 Sureshu Ganapareddi 110 26 Nitin Athikary 130 27 Uday Srinivas Chunduru 304 28 Nilesh Marathe 25 29 R Siva Subramanian 100 30 Sunil Gursahani 700 31 Swarup Mahajan 25 32 Rajendra Gopala Krishna 4228 33 Bonita Fernandes 104 34 Abhay Kulkarni 956 35 Venkat Ratnam K 107 36 Kesavan G. 297 37 Chintan Shah 98 38 Kannan S 100 39 Sanjay Nadkarni 1309 40 Jaywant Gawande 1295 41 Sasidhar Kanigelpula 200 42 Rajinder Arora 643 43 Dhananjaya Rao Boita 797 44 Ramesh More 69 45 Lemuel P 132 46 Saravanan Muthusamy 1469 47 Sridhar Lingan 500 48 Mahesh Deshmukh 64 49 Suresh Kumar S 700 50 Anudeep Kumar 952 51 Sitarameswara Akella 1896 52 Udaya Bhaskara Manipatruni 1656 53 Vinod Sahay 2000 54 Suman Mishra 3489 55 Pritam Chaudhari 318 56 Vikas Goyal 503 57 Arthur Serrao 200 58 Sandeep Kishore 400 59 Muthu Kumar G 100 60 Binoy Paul 2000 61 Amit Kumar Sinha 6000 62 Sriram Kumar 1000 63 Sangramsingh Deshmukh 988 Total 63397