Please refer enclosed file

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/2026-27/090 4th August 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 4th August 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 Nachiket Kodkani 2,478 2 V R Nakra 12,602 3 Sachin Palekar 900 4 Ganesh Shenoy Konchady 2,669 5 Rajakumar Kanagarajan 543 6 Rajesh Jejurikar 42,694 7 Surojit Kundu 655 8 Ganesh Adiga 3,123 9 Nandhakumar Krishnan 954 10 Damyanti Vaishnav 79 11 Dattatraya Nikam 1,471 12 Prasath R 2,000 13 Dominica D'Souza 335 14 Sunil Chahure 1,363 15 Kishor Sankhe 158 16 Anish Shah 70,164 17 Santanu Sinha 1,655 18 Sakthivelan S 452 19 Ruchi Karekar 76 20 Dhananjay Kolamkar 259 21 Ami Goda 854 22 Mohit Kapoor 9,000 23 Punit Sanganeria 484 24 Amit Gupta 534 25 Nalinikanth Gollagunta 2,000 26 Vinod Venugopal 697 Total 1,58,199