Sale or disposal

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/2026-27/139 9th October 2026 National Stock Exchange of India Limited BSE Limited Scrip Symbol: M&M Scrip Code: 500520 Sub: Agreement for sale of 51% equity stake in Novavayu Aerospace Limited, a step-down wholly owned subsidiary of the Company Re: Intimation under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) Dear Sir/Madam, We hereby inform you that the Company has received an intimation today, i.e. 9th October 2026 at 10:43 p.m. (IST), regarding the execution of an Investment Agreement of even date, pursuant to which Embraer S.A., Brazil ("Embraer"), will acquire 51% equity stake in Novavayu Aerospace Limited ("NAL"), a step-down wholly owned subsidiary of the Company. Consequent to the aforesaid acquisition of 51% stake by Embraer, NAL will cease to be a wholly owned subsidiary and will become an associate of MDSL, a step-down wholly owned subsidiary of the Company. The details as required under the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026, are attached as Annexure – A to this letter. You are requested to kindly take the above on record and treat this intimation as compliance with the applicable provisions of the Listing Regulations. Yours sincerely, For Mahindra & Mahindra Limited Sailesh Kumar Daga Company Secretary FCS: 4164 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 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 Annexure A Agreement for sale of 51% equity stake in Novavayu Aerospace Limited Sl. Details of Events that need to be Information of such events(s) provided a) The amount and percentage of the turnover NAL was not in existence during the financial year or revenue or income and net worth ended 31st March 2026, having been incorporated on contributed by such unit or division or 29th July 2026 as a wholly owned subsidiary of undertaking or subsidiary or associate Mahindra Defence Systems Limited ("MDSL"), which company of the listed entity during the last is a wholly owned subsidiary of Mahindra Advanced financial year Technologies Limited ("MATL"), which in turn is a wholly owned subsidiary of the Company. Accordingly, NAL did not contribute any turnover, revenue, income, net worth, or profits to the consolidated financial statements of the Company for the said financial year. As on the date of this disclosure, NAL has not generated any revenue or income. b) Date on which the agreement for sale has 9th October 2026 been entered into c) Expected date of completion of The transaction is expected to be completed on or sale/disposal before 1st December 2026. d) Consideration received from such MDSL will receive aggregate consideration of sale/disposal approximately Rs. 5,10,000 for the sale of its 51% equity stake in NAL to Embraer S.A. e) Brief details of buyers and whether any of Embraer S.A., a company incorporated under the laws the buyers belong to the promoter/promoter of the Federative Republic of Brazil, having its registered office at Avenida Brigadeiro Faria Lima, group/group companies. If yes, details 2170, Putim, São José dos Campos, São Paulo, thereof 12227-901, Brazil The Buyer is not related to the Promoter/Promoter Group/Group Companies of the Company. f) Whether the transaction would fall within The proposed transaction for sale of shares does not related party transactions? If yes, whether fall within the ambit of related party transactions. the same is done at "arm's length" g) Whether the sale, lease or disposal of the Not Applicable undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with regulation 37A of LODR Regulations. h) Additionally, in case of a slump sale, Not Applicable indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale 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