Outcome of Board Meeting - Unaudited Standalone and Consolidated Financial Results of the Company for the second quarter and half year ended 30 September 2026

21st October 2026 MHRIL/SE/26-27/54 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No. C/1, G Block, Floor 25, PJ Towers, Bandra-Kurla Complex, Dalal Street, Fort, Bandra (E), Mumbai - 400 051 Mumbai - 400 001 Symbol: MHRIL Scrip Code: 533088 Dear Sir/Madam, Sub.: Outcome of the meeting of the Board of Directors Ref.: Our letter dated 29th September 2026 intimating date of Board meeting for considering Q2 FY-2027 financial results In compliance with Regulation 30, 33 read with Para A 4. h) of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") we hereby inform you that basis recommendation of the Audit Committee, the Board of Directors of the Company at their Meeting held today i.e. Wednesday, 21st October 2026, have ‘inter-alia’ approved the unaudited standalone and consolidated financial results for the second quarter and half year ended 30th September 2026. In connection with above, please find enclosed herewith unaudited standalone and consolidated financial results of the Company for the second quarter and half year ended 30th September 2026, and the Limited Review Report thereon, issued by the Statutory Auditors M/s. B S R & Co. LLP, Chartered Accountants. The meeting of Board of Directors commenced at 08:46 AM (IST) and concluded at 01:02 PM (IST). This intimation is also being uploaded on Company’s website and can be accessed at https://www.clubmahindra.com/investors/financials/quarterly-financial-results Kindly take the same on record. Thanking you, For Mahindra Holidays & Resorts India Limited Mansi Laheri Company Secretary Membership No.: A21561 Encl.: As above 14th Floor, Central B Wing and North C Wing BS R & Co. LLP Nesco IT Park 4, Nesco Center Western Express Highway Chartered Accountants Goregaon (East), Mumbai - 400 063, India Telephone: +91 (22) 6257 1000 Fax: +91(22)62571010 Limited Review Report on unaudited standalone financial results of Mahindra Holidays & Resorts India Limited for the quarter ended 30 September 2026 and year to date results for the period from 01 April 2026 to 30 September 2026 pursuant to Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of Mahindra Holidays & Resorts India Limited 1. We have reviewed the accompanying Statement of unaudited standalone financial results of Mahindra Holidays & Resorts India Limited (hereinafter referred to as "the Company") for the quarter ended 30 September 2026 and year to date results for the period from 01 April 2026 to 30 September 2026 ("the Statement"). 2. This Statement, which is the responsibility of the Company's management and approved by its Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). Our responsibility is to issue a report on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. We draw attention to Note 4 to the standalone financial results in respect of order issued by the National Financial Reporting Authority ('NFRA') to the Company to review its accounting policies and practices in respect of application of Ind AS related to segment reporting and revenue recognition and to us to verify the same. We had verified the review done by the Company and reported the results of our verification to NFRA. The Note 4 also states that basis the current assessment by the Company considering the information available as on date, the existing accounting policies and practices are in compliance with respective Ind AS. Registered Office: BS R & Co. (a partnership firm with Registration No. BA61223) converted into BS R & Co. LLP (a 14th Floor, Central 8 Wing and North C Wing, Nesco IT Park 4, Nesco Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013 Center, Western Express Highway, Goregaon (East), Mumbai -400063 Page 1 of2 BS R & Co. LLP Limited Review Report (Continued) Mahindra Holidays & Resorts India Limited Our conclusion is not modified in respect of this matter. For B S R & Co. LLP Chartered Accountants Firm's Registration No.:101248W/W-100022 Jaclyn Desouza Partner Mumbai Membership No.: 124629 21 October 2026 UDIN:26124629GNOVQW7701 Page 2 of2 MAHINDRA HOLIDAYS & RESORTS INDIA LIMITED Regd.Off. : Mahindra Towers. 1st floor. "A" Wing, Dr GM Bhosale Marg, Worli, Mumbai -400 018 ClubMaht.nd.-a CIN:L55101MH1996PLC405715 Y:£:f:/.'.ll. cll.lbmahindra CQID investQrs@mabindrabQlida:iS-CQID STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESVL TS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 !• in Lakhs) Quarter ended Half Year ended Year ended Sl No. Particulars 30-Sep-26 30-Jun-26 30-Sep-25 30-Sep-26 30-Sep-25 31-Mar-26 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) 1. INCOME Revenue from operations 35.429.89 37.972.51 34.416.85 73.402.40 71,282.85 1.46,923.23 Other income 4,100.35 4,375.64 3,650.09 8.475.99 7,845.84 14.403.84 Total income 39,530.24 42,348.15 38,066.94 81.878.39 79,128.69 1.61.327.07 2. EXPENSES Employee benefit expenses 11,021.80 11,284.63 9.431.80 22,306.43 19,248.17 40,293.47 Finance costs 1,636.55 1,771.68 2,174.45 3.408.23 3.494.28 6,560.28 Depreciation and amortisation expenses 4,935.47 5,101.96 4,779.13 10,037.43 9,283.32 19,324.75 Other expenses 16,077.59 16,900.83 14,581.90 32,978.42 29,732.45 61,766.06 Total expenses 33,671.41 35,059.10 30,96728 68,730.51 61.75822 1.27,944.56 3. Profit before exceptional items and tax (1-2) 5,858.83 7,289.05 7,099.66 13,147.88 17,370.47 33,382.51 4. Exceptional items {Refer Note No. 8) (24.460.24) 5. PROFIT BEFORE TAX (3 + 4) 5,858.83 7,289.05 7,099.66 13,147.88 17,370.47 8,922.27 6. Tax expense -Current tax 1,067.42 1.275.77 487.72 2,343.19 2,810.86 5.434.14 -Deferred tax 465.32 582.49 1.446.55 1.047.81 1.771.71 3,03309 Total tax expense 1.532.74 1.858,26 1.934.27 3,391.00 4,582.57 8,467.23 7. PROFIT AFTER TAX FOR THE PERIOD/ YEAR (5 -6) 4,326.09 5,430.79 5,165.39 9,756.88 12,787.90 455.04 8. OTHER COMPREHENSIVE INCOME A Items that will not be reclassified to profit or loss -Remeasurements of the defined benefit (assets) / liabilities 144.56 (83.69) (26.95) 60.87 (170.91) (44.741 -Freehold land revaluation (Refer Note No. 5) 40.56 40. [Showing first 8,000 characters — download PDF for full document]