Please refer enclosed

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 Ref No.: M&M/SEC/2026-27/081 30th July 2026 National Stock Exchange of India Limited BSE Limited Scrip Symbol: M&M Scrip Code: 500520 Sub: Presentation for Press/ Analyst /Institutional Investor Meet Ref: • Pursuant to Regulation 30 (read with Para 15(a)(ii) of Part-A to Schedule III) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”) • Intimation of M&M Analyst/Institutional Investor Meet Q1FY27 dated 10th July 2026 Dear Sir/ Ma’am, We enclose herewith a presentation to be delivered at the M&M Analyst Meet Q1F27 scheduled for today i.e. 30th July 2026, in connection with Unaudited Standalone and Consolidated Financial results for the first quarter ended 30th June 2026. Please note that no unpublished price sensitive information is proposed to be shared by the Company during the aforesaid meet. The said presentation is also being uploaded at the Company’s website at https://www.mahindra.com You are requested to kindly take the same on record and treat it as compliance with the applicable provisions of the SEBI LODR Regulations. 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 Acceleration in Analyst & Press Meet Uncertainty Dr Anish Shah | 30 July 2026 SAFE HARBOR STATEMENT: “Certain statements with regard to our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements.” Key Messages • Consolidated PAT  34% … ROE at 23%* Auto & Farm … resilient performance PAT … Auto 21% & Farm 15% Navigating through 400-500bps of extraordinary 1Q commodity inflation Finance & Tech … accelerating momentum Mahindra Finance … PAT 78%, GS3 3.45%, disbursements 22% TechM … PAT 28%, revenue momentum & margin expansion • Growth gems PAT  3x Multiple growth engines delivering value in tough times *Annualized basis the quarter ROE Q1 F27 Consolidated M&M Results Rs cr. Revenue PAT 58,188 5,455 45,529 4,083 Q1 F26 Q1 F27 Q1 F26 Q1 F27 Performance by business M&M Q1 F27 PAT Growth Growth % Key Drivers Consolidated Growth Gems 3x Real Estate, Accelo, Logistics MMFSL 78% AUM growth 13%, GS3 3.45% TechM 28% Margin expansion … EBIT 14.4% Auto 21% Volume , offset by commodity pressure Farm 15% Volume , partly offset by Turkey action Investments 2x Gain on sale (CIE) Capitalize on market leadership | Auto Auto Q1’27 Performance Highlights Consolidated PAT RRss ccrr.. ▪ SUV Volume 15% … No 1 SUV player* 2,129 ▪ eSUV penetration at 12% 1,760 ▪ Commodity inflation 400-500 bps Future Growth Drivers ▪ Launch NU_IQ portfolio ▪ Accelerate EV volume growth Q1 F26 Q1 F27 ▪ 2x SUV capacity *Based on Revenue Market Share Capitalize on market leadership | Farm Farm Q1’27 Performance Highlights Consolidated PAT RRss ccrr.. ▪ Domestic Volume  18%, Exports  15% 1,520 ▪ Commodity inflation 300-400 bps 1,323 ▪ Erkunt Foundry exited Future Growth Drivers ▪ Product launches ▪ Accelerate exports Q1 F26 Q1 F27 ▪ Fix International execution Accelerating momentum | MMFSL MMFSL Q1’27 Performance Highlights PAT: M&M Share RRss ccrr.. ▪ AUM  13%, Disbursements  22% ▪ Continued credit discipline … GS3 3.45% ▪ NIM expansion … 7.3%,  55bps Future Growth Drivers ▪ Diversify into Mortgage & SME ▪ Insurance & fee-based income Q1 F26 Q1 F27 ▪ Stable asset quality Accelerating momentum | Tech Mahindra Tech Mahindra Q1’27 Performance Highlights PAT: M&M Share RRss ccrr.. ▪ Large deal wins … TCV $1,078mn., 33% ▪ Margin expansion … EBIT 14.4%, 330bps ▪ Free cash flow $167mn., 94% Future Growth Drivers ▪ Large deals momentum ▪ Geographical diversification Q1 F26 Q1 F27 ▪ Reduce margin gap to peers Growth Gems | Real estate Real estate Q1’27 Performance Highlights PAT: M&M Share RRss ccrr.. ▪ Robust GDV additions Rs 5.6K cr.,  60% ▪ Solid Resi pre-sales Rs 925 cr.,  2x ▪ Strong execution … OCs delivered before plan Future Growth Drivers ▪ GDV up from 8K cr. to 50K cr. in 3 years ▪ Multiple large (+5,000 cr.) mix-use projects Q1 F26 Q1 F27 ▪ Expand industrial portfolio Growth Gems | Logistics Logistics Q1’27 Performance Highlights PAT: M&M Share RRss ccrr.. ▪ Strong Revenue growth …  23% ▪ Margin expansion … EBITDA  51% ▪ Highest quarterly PAT performance Future Growth Drivers Q1 F26 Q1 F27 ▪ Growing E-comm/ Q-comm penetration -7 ▪ Express business turnaround ▪ Improved operational efficiencies & excellence Growth Gems | Trucks & Buses SML + MTBD Q1’27 Performance Highlights Volume (No.’s) ▪ Market Share 7.8% 9,389 11% ▪ Volume  11%; Revenue  13.2% 8,449 MTBD ▪ No. 2 in ILCV Buses; Market share 26.6% 3,951 MTBD 3,523 SML Future Growth Drivers SML 5,438 4,926* ▪ Product portfolio expansion ▪ Distribution Q1 F26 Q1 F27 ▪ Synergy *SML acquisition by M&M completed in Q2’26, volume for reference only Growth Gems | Aerostructures Aerostructures Q1’27 Performance Highlights Deal wins*: Total contract value R$s M cnr. ▪ Continued deal wins 3X ▪ Growing presence in Shell & Skins Panel ▪ Accelerating industrialization of key projects Future Growth Drivers ▪ Move up the Aero value chain ▪ Diversify customer base F25 F26 ▪ Strategic acquisitions *Cumulative contract wins at $1.2bn m a i AI Acceleration May’26 Ambition Be a Tech leader in every industry Foundation Data and systems Approach Invent Transform Deploy AI native ways for new processes Re-engineer existing processes Innovate with AI Accelerators Governance Partnerships M.AI academy SWAT Pods Impact Areas Quality.ai Experience.ai Reach.ai Efficiency.ai Outcomes Revenue Cost CX 1133 AI Transform May’26 Re-engineer existing processes Quality.ai Experience.ai Reach.ai Efficiency.ai Improve quality of Enhance customer and Rapidly expand reach to Scope Do more, with less product or service employee experiences new users globally • AI assisted service Auto • Paint.ai • Agentic AI in marketing • Simulations.ai experience n • Safeguard portfolio • Customer centric • Scale franchisee by o • Lower collections cost i t Finance quality via fraud omnichannel journeys deepening PA/PQ r with smart prioritization t s detection for भारत across core + M1 base • Al-powered Sales • AI-led Service through • Vision AI for Quality / enablement via • AI-Accelerated Testing, Farm voice bots, TekAssist Assembly Inspection personalized pitch & Validation & Simulation and telematics alerts 1144 voice bots AI Transform Re-engineer existing processes Quality.ai Experience.ai Reach.ai Efficiency.ai Improve quality of Enhance customer and Rapidly expand reach to new Scope Do more, with less product or service employee experiences users globally Paint.ai Service.AI Marketing.AI Simulation.ai Auto • 90.6% FTBO1 achieved in • 2.6K workshop staff using AI • 91K+ Test drives booked via • Drag Coefficient prediction paint shop PTED2 assistants (85% adoption) AI Agents within 2mins (from 10+ hrs earlier) Samur.AI ServiceRequest.AI xSell.AI Voice.AI Finance • 65% loan files processed by AI • 5L+ customer service • 30% lower cost of acquisition • 20% collections coverage agents in July requests fulfilled for AI orchestrated channel through 12+ vernacular voice AI agents AI Foundation 50+ 19 1900+ 15+ Group AI FDEs & Proprietary trained in MAI AI Transformation Governance council AI Experts AI models academy Projects 1155 1First Time Buy off 2Pre-treatment & Electrolytic Deposition Consistent delivery on commitments RoE (%) EPS (Rs) 2.2* [Showing first 8,000 characters — download PDF for full document]