Related Party Transactions

Mahindra & Mahindra Ltd. R,SG mahindra 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/2026-27/156 5th November 2026 National Stock Exchange of India Limited BSE Limited Scrip Symbol: M&M Scrip Code: 500520 Sub: Disclosure of Related Party Transactions for the half year ended 30th September 2026 Ref: ▪ Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”) ▪ SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated 30th January 2026 (“SEBI Master Circular”) Dear Sir/ Ma’am, We enclose herewith, disclosure of Related Party Transactions in the format specified under the SEBI Master Circular for the half year ended 30th September 2026. This intimation is also being uploaded on the Company’s website at https://www.mahindra.com 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 Mahindra & Mahindra Limited Disclosure of Related Party Transactions for the half year ended 30 September, 2026 Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter- corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. Sr. No Details N o af m th ee t rp aa nr st ay c e tin ot nering in Pto A t Nhe Name Details of the c Po Au Nnterpart R c l sy i uo se t bul ea n sd it t d i e eo ir n an p rts a i yh tr yip t y o o rwf i i tt t sh h e t he Type t o rf a nre sala ct te iod n party D re tet rla a ai t nl es sd ao cf p to a iot rh ntye r r (a bte Rcsr yl oV a a s a mt .t na p he Csl mpd eu a r r e c a ip oto t uo ta ri v eo df er e e n sit d ty ) R a cpe opm mara uo mr dvk ia i tts tl ebo en y V t r cr ta a oa hrl t mp nu e eifl a e s mia aa ero t uc dt ief ty dt d ti b t i eo th y e ne wD rC aa w aM st o th e m ai e feo pirem cf pet a iA i rn ttt oihtu g oe ved ne e i dt (t Rdr rV ua e sp .pn ra e Cil os n ru a r rige oc t o it dto n ri ho f eg en s ) (RI e On i b st .h apc Cea le ars t n rn he op i c ne rm a e g etr o r st )an y n i ae ss s (a Ra a c btr C s r i .e ao e l Co lnd s asu ru ni ol ne ct rg eot e o f s ) I (n o li oon rc oN fad a tg n de has i /bve et e u bie t ra se r tsln ed /eo u ty n aa cao nen .f nf )i s ysn cs, ea i n nc tei ia Dr nl - d ec oi i etn no ta bhd r v i tp ee le ns rsb o et ort m se fa s d t een n e t fd s us e Cs np o di os s s s ti in (t o %sc f,u )ar dre v Td a me n nt oco u ne rm ts e h oa s(rk )in e inND t ia neae dt r vt du gc ea ev ir o pi s val e tr os e mn p ( nso cl io )eo tf e r / n a / t a tnh t/e e loa Rn In as, tt eein r (t e %e sr t ) - co Tr mp eno or u nga r tit e hve e s( )d in ne po us S ni et ss c e, u ca r ud e rdv ea / d nce P fs t u u ho u b nr er t e dp if ni l so un u i e ss l (v n t fee eie id d m ncs f s io dt b aa m r w ry t u e y e w i stl n al h oh t gb e fis c ee h ) 1MAHINDRA AND 2 X 2 LOGISTICS Subsidiary of the Sale of goods or Sale Of Goods Or 0.99 Approved - Not applicable 0.99 - - MAHINDRA LIMITED PRIVATE LIMITED Company services Services 2MAHINDRA AND CIE AUTOMOTIVE INDIA Associate (Including Sale of goods or Sale Of Goods Or 0.17 Approved - Not applicable 0.17 - - MAHINDRA LIMITED LIMITED (FORMERLY subsidiaries of services Services KNOWN AS MAHINDRA associate) CIE AUTOMOTIVE LIMITED, NAME CHANGED W.E.F. 15.05.23) (UPTO 13th MAY 2026) 3MAHINDRA AND CLASSIC LEGENDS Subsidiary of the Sale of goods or Sale Of Goods Or 71.41 Approved - Not applicable 71.41 - - MAHINDRA LIMITED PRIVATE LIMITED Company services Services 4MAHINDRA AND ERKUNT TRAKTOR Subsidiary of the Sale of goods or Sale Of Goods Or 23.72 Approved - Not applicable 23.72 - - MAHINDRA LIMITED SANAYII ANONIM Company services Services SIRKETI 5MAHINDRA AND GROMAX AGRI Subsidiary of the Sale of goods or Sale Of Goods Or 64.27 Approved - Not applicable 64.27 - - MAHINDRA LIMITED EQUIPMENT LIMITED Company services Services 6MAHINDRA AND IDEAL MOTORS Related party of Sale of goods or Sale Of Goods Or 111.36 Approved - Not applicable 111.36 - - MAHINDRA LIMITED PRIVATE LIMITED Subsidiaries services Services 7MAHINDRA AND IVC LOGISTICS LIMITED Related party of Sale of goods or Sale Of Goods Or 1.41 Approved - Not applicable 1.41 - - MAHINDRA LIMITED Subsidiaries services Services 8MAHINDRA AND LIFE INSURANCE Related party of Sale of goods or Sale Of Goods Or 0.90 Approved - Not applicable 0.90 - - MAHINDRA LIMITED CORPORATION OF INDIA Subsidiaries services Services 9MAHINDRA AND M.I.T.R.A AGRO Subsidiary of the Sale of goods or Sale Of Goods Or 126.54 Approved - Not applicable 126.54 - - MAHINDRA LIMITED EQUIPMENTS PRIVATE Company services Services LIMITED 10MAHINDRA AND MAHINDRA ACCELO Subsidiary of the Sale of goods or Sale Of Goods Or 0.49 Approved - Not applicable 0.49 - - MAHINDRA LIMITED LIMITED (FORMERLY Company services Services KNOWN AS MAHINDRA INTERTRADE LIMITED) 11MAHINDRA AND MAHINDRA AGRI Subsidiary of the Sale of goods or Sale Of Goods Or 0.15 Approved - Not applicable 0.15 - - MAHINDRA LIMITED SOLUTIONS LIMITED Company services Services 12MAHINDRA AND MAHINDRA AND Subsidiary of the Sale of goods or Sale Of Goods Or 65.57 Approved - Not applicable 65.57 - - MAHINDRA LIMITED MAHINDRA FINANCIAL Company services Services SERVICES LIMITED 13MAHINDRA AND MAHINDRA AND Subsidiary of the Sale of goods or Sale Of Goods Or 786.96 Approved - Not applicable 786.96 - - MAHINDRA LIMITED MAHINDRA SOUTH Company services Services AFRICA (PROPRIETARY) LIMITED 14MAHINDRA AND MAHINDRA Subsidiary of the Sale of goods or Sale Of Goods Or 30.94 Approved - Not applicable 30.94 - - MAHINDRA LIMITED AUTOMOTIVE Company services Services AUSTRALIA PTY. LIMITED 15MAHINDRA AND MAHINDRA Subsidiary of the Sale of goods or Sale Of Goods Or 18.74 Approved - Not applicable 18.74 - - MAHINDRA LIMITED AUTOMOTIVE NORTH Company services Services AMERICA INC. 16MAHINDRA AND MAHINDRA DEFENCE Subsidiary of the Sale of goods or Sale Of Goods Or 7.89 Approved - Not applicable 7.89 - - MAHINDRA LIMITED SYSTEMS LIMITED Company services Services 17MAHINDRA AND MAHINDRA DO BRASIL Subsidiary of the Sale of goods or Sale Of Goods Or 115.51 Approved - Not applicable 115.51 - - MAHINDRA LIMITED INDUSTRIAL LTDA. Company services Services 18MAHINDRA AND MAHINDRA ELECTRIC Subsidiary of the Sale of goods or Sale Of Goods Or 10,677.32 Approved - Not applicable 10,677.32 - - MAHINDRA LIMITED AUTOMOBILE LIMITED Company services Services 19MAHINDRA AND MAHINDRA EUROPE Subsidiary of the Sale of goods or Sale Of Goods Or 0.32 Approved - Not applicable 0.32 - - MAHINDRA LIMITED S.R.L. Company services Services 20MAHINDRA AND MAHINDRA FIRST Subsidiary of the Sale of goods or Sale Of Goods Or 0.92 Approved - Not applicable 0.92 - - MAHINDRA LIMITED CHOICE WHEELS Company services Services LIMITED 21MAHINDRA AND MAHINDRA HOLIDAYS Subsidiary of the Sale of goods or Sale Of Goods Or 1.63 Approved - Not applicable 1.63 - - MAHINDRA LIMITED AND RESORTS INDIA Company services Services LIMITED 22MAHINDRA AND MAHINDRA INSURANCE Subsidiary of the Sale of goods or Sale Of Goods Or 0.14 Approved - Not applicable 0.14 - - MAHINDRA LIMITED BROKERS LIMITED Company services Services 23MAHINDRA AND MAHINDRA LAST MILE Subsidiary of the Sale of goods or Sale Of Goods Or 720.41 Approved - Not applicable 720.41 - - MAHINDRA LIMITED MOBILITY LIMITED Company services Services 24MAHINDRA AND MAHINDRA LOGISTICS Subsidiary of the Sale of goods or Sale Of Goods Or 0.88 Approv [Showing first 8,000 characters — download PDF for full document]