General Updates

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 Ref No.: M&M/SEC/2026-27/064 4th July 2026 National Stock Exchange of India Limited BSE Limited Scrip Symbol: M&M Scrip Code: 500520 Sub: Business Responsibility and Sustainability Report of the Company for the Financial Year 2025-26 Ref: Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”) Dear Sir/Ma’am In continuation to our letter dated 4th July 2026, please find enclosed herewith the Business Responsibility and Sustainability Report along with the Independent Assurance Statement (BRSR) of the Company for the Financial Year 2025-26. The BRSR forms part of the Integrated Annual Report for the Financial Year 2025-26, which is also be available on the website of the Company at: https://www.mahindra.com/investor- relations/reports 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 1 STATUTORY REPORTS | Business Responsibility and Sustainability Report BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT SECTION A: GENERAL DISCLOSURES I. DETAILS [GRI 2-1, 2-2, 2-3] 1 Corporate Identity Number (CIN) L65990MH1945PLC004558 2 Name Mahindra & Mahindra Limited 3 Year of incorporation 1945 4 Registered office address Gateway Building, Apollo Bunder, Mumbai - 400001 5 Corporate address Mahindra Towers, Dr. G. M. Bhosale Marg, Worli, Mumbai - 400018 6 E-mail investors@mahindra.com 7 Telephone +9122 6897 5500 8 Website www.mahindra.com 9 Financial Year for which reporting is being done 01-04-2025 to 31-03-2026 10 Name of the Stock Exchange(s) where shares are listed The Company’s Ordinary (Equity) Shares are listed on BSE Limited (‘BSE’) and National Stock Exchange of India Limited (‘NSE’). The Global Depository Receipts (‘GDR’s) of the Company are listed on the Luxembourg Stock Exchange and are also admitted for trading on International Order Book (IOB) of the London Stock Exchange. The Company’s privately placed Non-Convertible Debentures (‘NCD’s) are listed on the Debt Segment of BSE. 11 Paid-up Capital Rs. 6,21,76,44,155 12 Name and contact details (telephone, email address) of the person who may be contacted in case of any queries on the Business Responsibility and Sustainability Report ('BRSR') report Name of Contact Person Rajeev Goyal CEO - Agri and New Energy Businesses Contact Number Of Contact Person +9122 2884 9702 Email of Contact Person goyal.rajeev@mahindra.com 13 Reporting boundary - Are the disclosures under this report The disclosures under this report are made on Standalone made on a standalone basis (i.e. only for the entity) or on basis. a consolidated basis (i.e. for the entity and all the entities which form a part of its consolidated financial statements, taken, together). 14 Name of assessment or assurance provider DNV Business Assurance India Private Limited 15 Type of assessment or assurance obtained Reasonable Assurance obtained on the BRSR Core KPIs 2 Integrated Annual Report 2025-26 II. PRODUCTS/SERVICES [GRI 2-6] 16. Details of business activities (accounting for 90% of the entity's turnover): S. Description of main activity Description of business activity % of No. turnover of the entity 1 Manufacturing Motor vehicles, trailers, semi-trailers and other Transport 100 Vehicles 17. Products/Services sold by the entity (accounting for 90% of the entity’s turnover): S. Product/Service NIC Code % of total No. Turnover contributed 1 Automotive 29101, 29102, 29103, 29104, 29109, 28243 75.01 2 Farm Equipment 28211, 28212 24.99 III. OPERATIONS [GRI 2-6] 18. Number of locations where plants and/or operations/offices of the entity are situated: Locations Number of plants Number of offices Total National 55 127 182 International 24 19 43 19. Markets served by the entity: a. Number of locations Locations Number National (No. of States) 28 States and 6 Union Territories International (No. of Countries) 46 b. What is the contribution of exports as a percentage of the total turnover of the entity? 4.11% c. A brief on types of customers Th e Company serves a wide spectrum of customers, including urban and rural populations, government agencies, corporates, Small and Medium Enterprises (SMEs), agricultural and non-agricultural businesses, as well as tours and travels operators amongst others. The Company's Passenger Vehicles business vertical caters to a diverse range of customers across economic profiles and geographies. 3 STATUTORY REPORTS | Business Responsibility and Sustainability Report IV. EMPLOYEES [GRI 2-7, 2-8, 405-1, 401-1] 20. Details as at the end of Financial Year: a. Employees and workers (including differently abled): S. Male Female Particulars Total (A) No. No. (B) % (B/A) No. (C) % (C/A) EMPLOYEES 1. Permanent (D) 16,642 14,476 86.98 2,166 13.02 2. Other than Permanent (E) 441 266 60.32 175 39.68 3. Total employees (D + E) 17,083 14,742 86.30 2,341 13.70 WORKERS 4. Permanent (F) 10,123 10,060 99.38 63 0.62 5. Other than Permanent (G) 64,687 56,502 87.35 8,185 12.65 6. Total workers (F + G) 74,810 66,562 88.97 8,248 11.03 b. Differently abled Employees and workers: S. Male Female Particulars Total (A)* No. No. (B) % (B/A) No. (C) % (C/A) DIFFERENTLY ABLED EMPLOYEES 1. Permanent (D) 6 6 100.00 0 0.00 2. Other than Permanent (E) 0 0 0.00 0 0.00 3. Total differently abled employees (D + E) 6 6 100.00 0 0.00 DIFFERENTLY ABLED WORKERS 4. Permanent (F) 4 4 100.00 0 0.00 5. Other than Permanent (G) 29 25 86.21 4 13.79 6. Total differently abled workers (F + G) 33 29 87.88 4 12.12 * Numbers mentioned above are based on voluntary disclosure from employees & workers 21. Participation/Inclusion/Representation of women No. and percentage of Females Total (A) No. (B) % (B/A) Board of Directors 11 4 36.36 % Key Management Personnel 4 0 0.00 % Notes: 1. Dr. Anish Shah, Group CEO and Managing Director, and Mr. Rajesh Jejurikar, Executive Director & CEO (Auto and Farm Sector), are classified under both the Board of Directors and Key Management Personnel, in compliance with applicable provisions. 2. Mr. M. P. Vijay Kumar and Ms. Samina Hamied were appointed as Independent Directors with effect from 7th October 2025, and form part of the Board of Directors as on 31st March 2026. 3. Mr. T. N. Manoharan ceased to hold office as an Independent Director with effect from 30th July 2025, due to his unfortunate demise. 4. Mr. Narayan Shankar, Company Secretary and Key Management Personnel, retired with effect from 1st April 2025. 5. Ms. Divya Mascarenhas was appointed as Interim Company Secretary and Key Management Personnel with effect from 2nd April 2025 and ceased to hold office as Interim Company Secretary at the close of business hours on 15th July 2025. 6. Mr. Sailesh Kumar Daga was appointed as Company Secretary and Key Management Personnel with effect from 16th July 2025. 22. Turnover rate for permanent employees and workers (Disclose trends for the past 3 years) FY 2023-24 FY 2025-26 FY 2024-25 Turnover rate in the year prior to (Turnover rate in current FY) (Turnover rate in previous FY) the previous FY Male Female Total Male Female Total Male Female Total Permanent Employees 10.6% 10.8% 10.6% 10.7% 12.0% 10.8% 13.7% 16.1% 13.8% Permanent Workers* 5.9% 9.9% 5.9% 4.1% 1.9% 4.1% 5.8% 7.6% 5.8% * Includes workers opted for retirement under voluntary retirement scheme of the Company 4 Integrated Annual Report 2025-26 V. H OLDING, SUBSIDIARY AND ASSOCIATE COMPANIES (INCLUDING JOINT VENTURES) 23. ( [Showing first 8,000 characters — download PDF for full document]