Credit Rating- Others

Mahindra & Mahindra Financial Services Ltd. Mahindra Towers, 3rd Floor, Dr. G. M. Bhosale Marg, Worli, Mumbai 400 018 India Tel: +91 22 66526000/3500 02nd July 2026 BSE Limited National Stock Exchange of India Ltd. (Scrip Code: 532720) (Symbol: M&MFIN) Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, "G" Block, Dalal Street, Fort, Bandra - Kurla Complex, Bandra (East), Mumbai - 400 001 Mumbai - 400 051 Dear Sir/Madam, Sub: Intimation under Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) – Reaffirmation of credit ratings. In compliance with the provisions of Regulation 30(6) read with Schedule III and other applicable provisions of the SEBI Listing Regulations, as amended from time to time, please take note of the following ratings received by the Company on 01st July 2026 from CARE Ratings Limited at 07.29 p.m. (IST). S.N. Instrument Rated Amount (Rs. in Rating Crore) 1 Secured Non-convertible Debentures 11,686.50 CARE AAA; Stable (Reaffirmed) (NCD Privately Placed) (*Reduced from 12,343.50) 2 Unsecured Non-convertible 1,000 CARE AAA; Stable (Reaffirmed) Debentures (NCD Privately Placed) 3 Long-term Debt Program (Public Issue 4,059.03 CARE AAA; Stable (Reaffirmed) Non-convertible Debentures / Subordinate Debt 4 Subordinate Debt (Privately Placed) 2,385 CARE AAA; Stable (Reaffirmed) (*Reduced from 2,485) 5 Subordinate Debt (Public Issue) 933 Withdrawn* *The reduction/withdrawal is on account of debenture redemption. This information is also being uploaded on the website of the Company at URL: https://www.mahindrafinance.com/investor-relations/debt-information#credit-ratings You are requested to take the same on record. Thanking you, For Mahindra & Mahindra Financial Services Limited Brijbala Batwal Company Secretary FCS: 5220