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/2026-27/108 19th 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 19th 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 Manoj Kumar 8 2 Ashutosh Hasme 20 3 Babith Nayak 100 4 Ravindra Jadhav 35 5 Sachin Palekar 47 6 Jagdish Soni 72 7 Vinodkumar Sonar 20 8 Satish Bajad 239 9 Rajeev Bhalla 20 10 Agha Husain 500 11 Sadhana Verma 15 12 Anil Mangalvedhekar 2,319 13 R Ramaprabhu 500 14 Alok Kumar Ray 432 15 Datta Patil 20 16 Sethu Srinivasan Iyer 35 17 Sandip Dhond 3,684 18 Sameer Nimgaonkar 306 19 Nitin Kulkarni 15 20 Rajeev Goyal 4,828 21 Milind Deshmukh 35 22 Vikram Yadav 15 23 Sarvantrayami Gubbala 320 24 Mahendra Takzure 124 25 Suryanarayanan V 35 26 R Siva Subramanian 450 27 Santosh Deshmukh 15 28 Sanjay Chavan 400 29 Sandip Shinde 20 30 Santosh Targe 20 31 C. R. Sivaraman 47 32 Ramesh L 320 33 Girish Ingle 27 34 Salil Kulkarni 20 35 Sachin Palikundwar 20 36 Pravin Sawant 27 37 Kuldeep Yadav 20 38 Jagdish Kokate 20 39 Anand Baste 154 40 S Raj Kumar 178 41 Varadendra Kulkarni 50 42 Subhransu Pradhan 20 43 Kannan S 50 44 Nitin Mohod 20 45 Ram Prakash Yadav 20 46 Adwait Nandkumar Bhanushe 8 47 Datta Sudam Bhalerao 65 48 Vivek Arvind Gokhale 35 49 Sanjay Shewale 20 50 Rajashree Nayak 15 51 Tabrej Inamdar 11 52 Pramod Madhukar Deshak 20 53 Zulfiquar Gandhi 15 54 D Venugopal Sharma 15 55 S. Muruganandam 11 56 Samya Dasgupta 15 57 Bhupendra Sonawane 5 58 Vijay Dhotre 8 59 Gaurav Bihani 20 60 Hitesh Damania 20 61 Perumal J 69 62 Suhas Kangde 100 63 Bradley Fernandes 20 64 Arvind Mistry 15 65 Prasad Babu Namani 47 66 Omkar Mali 20 67 Mohan Raj M 27 68 Sachin Kulkarni 47 69 Sudhir Kumar 8 70 Ravi Kant Sharma 20 71 Gitansh Sardana 35 72 Harpreet Singh 85 73 Lalesh Phadatare 8 74 Balvir Singh 20 75 Lemuel P 20 76 Raju Kumar 27 77 Mangesh Chirekhani 27 78 Rajesh Vishnupurikar 27 79 Sanjay Dixit 15 80 Gajanan Anarase 20 81 Subhransu Sekhar Sahu 15 82 Venktesh Venkatachalam 27 83 Narendra Nandedkar 20 84 Chandan Satpute 66 85 Pritesh Palaskar 11 86 Abhirup Chakraborty 15 87 Dhinesh S 15 88 Ganesh Bolar 15 89 Puneet Shukla 20 90 Bhim Singh 15 91 Rajendra Awargand 11 92 Upendra Sharma 15 93 Himanshu Pawar 20 94 Mandeep Choudhary 42 95 Gannavarapu Venkata Naresh 8 96 Sangram Murkute 8 97 Shajan Kurian 8 98 Balaji K V 225 99 Devendra Pendke 15 100 Gauri Bhasme 27 101 Nitish Narkar 8 102 Kunal Khandait 15 103 Pankaj Deshmukh 11 104 Abhishek Singh 15 105 Paresh Kokate 11 106 Raj Kumar Singh 35 107 Aashutosh Dubey 20 108 Ashish Khare 20 109 Indra Pratim Chatterjee 27 110 Deepak V 27 111 Bagavatheeswaran R 11 112 Jhulan Nandi 11 113 Vinod Kumar 5 114 Vishal Sharma 35 115 Poorna Nanda Kumar Narisetty 11 116 Anupam Nayak 8 117 Yogesh Sharma 11 118 Ashpak Ali Kasimsab Kittur 20 119 Nilesh Khachane 11 120 Anoop Bhatt 15 121 Ravindra Singh 15 122 Pankaj Aryan 27 123 Chaitanya Gaikwad 5 124 Shahrukh Patel 5 125 B Sham Rao 8 126 Subhasish Sharma 15 127 ASHWANI 3 128 Davinder Bisht 3 129 Bahubali Kulkarni 27 130 Rahul Mishra 3 131 Sany Kumar 3 132 Hitesh Parkar 11 133 Ashutosh Yadav 8 134 Md Kamrul Mondal 8 135 Deepak Sharma 3 136 Alisha Adil 3 137 Kunal Golait 11 138 Madan Mohan Mishra 11 139 Ajeet Singh 3 140 Raghuvir Kumar 2 141 Ankush Thakur 3 142 Pravin Waghchaure 5 143 B Babu 5 144 B Chendra Shekar 5 145 B Mahesh 4 146 MD Afroze 4 147 T Srinivas 4 148 K Ramesh 4 149 Sathiyaraj M 5 150 Purushothaman A 4 151 Velshankar M 15 152 Mirza Dawood Baig 150 153 Chandan Kumar 8 154 Subin Murugan 15 155 Ankur Malhar 8 156 Manoj Namdharani 27 157 Jayeshkumar Raghuvanshi 65 158 Chandrashekhar Kalambi 47 159 Manish Yevale 4 160 Abhishek Chavan 3 161 Martandrao Khadtare 8 162 Shashikant Niranjan 11 163 Guduru Nataraj Satish 20 164 Thirumurugan Veeraperumal 35 165 Chetan Lokhande 27 166 Swati Srivastava 79 167 Ajinkya Parab 20 168 Deepak Ansal 20 169 Pravin Kolte 3 170 Sanket Dhanawate 3 171 Kalpesh Wadile 3 172 Nikhil Kumar 4 173 Pranit Kumavat 3 174 Reena Fernando 791 175 Kiran Bhuvad 5 176 Sachin Sharma 8 177 Altamash Pathan 3 178 Shubham Bhorkade 3 179 Pankaj Dhamane 103 180 Ramachandran B 27 181 Kumar R 11 182 Prabhjot Singh 3 183 Sudharsan 8 184 Anurag Sahu 8 185 Rahul Sharma 4 186 Ambar Bandi 27 187 Santosh Nagare 27 188 Rohit Raina 56 189 Kunal Lamne 15 190 Ananthakumar Balakrishnan 8 191 Suyog Chaudhari 8 192 Prateek Singh 11 193 Neeraj Kumar 20 194 A Arun 8 195 Vishal Chaudhari 5 196 Balamurugan B 11 197 Harshal Patil 8 198 Prathamesh Shirode 8 199 Rizvan Baig 5 200 Gaurav Jadhav 5 201 Ravindhar Veeraiya 5 202 Vinayak Goswami 11 203 Vishwesh Nandedkar 5 204 Gaurav Kumar 8 205 Shivam Singh 8 206 Tanaji Dadhe 5 207 Ambuj Singh 4 208 Hariharan R 27 209 Nand Suthar 5 210 Praveen kumar Yadav 8 211 Vinayak Pawar 5 212 Mandar Mhatre 4 213 Apurva Dhokane 8 214 Sambit Behera 8 215 Perabathula Pavan Kumar 8 216 Santhosh S 5 217 Jai Krishnan A 8 218 Balamurugan Krishnan 8 219 Ajay Singh 11 220 Satish Sheokand 5 221 Niraj Kumar 5 222 Jacob Kochyil 5 223 Pratik Kapadane 5 224 Ajay Kandari 11 225 Harsha S 4 226 Manish Rawat 8 227 Gaurav Bhargava 35 228 Ajay Kukreti 5 229 Siranchivi Subramaniam 5 230 Avinash V H M 8 231 Naveen G 5 232 Varun Kotapati 11 233 Tanmay Pawar 5 234 Vijay Erande 5 235 Ameet Bhatia 15 236 Amol Vetal 11 237 Nirmal Singh 8 238 Mithun Koronkunnath 11 239 S Manikandan 11 240 Sambit Nayak 15 241 Mukunda Khadke 5 242 Chetan Kumbhar 8 243 Vishwendra Jadhav 11 244 Rohit Patil 5 245 Shreepad Bajare 11 246 Prabhjot 5 247 Mayank Prajapati 8 248 Ajeet Singh 5 249 Nitin Jaiswal 11 250 Yogesh Khatri 4 251 Nitesh Awasthi 4 252 Dnyaneshwar Wagh 3 253 Anup Birari 8 254 Pragyesh Thakur 8 255 Yashwant Kulmi 5 256 Suraj Biswas 8 257 Vilas Dharpure 5 258 Hanish Kumar R 8 259 Ajit Das 8 260 Dipak Pawar 5 261 Ranjith J G 5 262 Akash Patil 8 263 Paraveen Khan 5 264 Ramesh Chandrashekar 11 265 A Vignesh 1 266 Abhishek Kanade 8 267 Vivek Jaiswal 15 268 Arshiya Mehta 20 269 Ajay Pagare 3 270 Srinath R 5 271 Ayush Porwal 5 272 Ravi Shankar Ponraj 11 273 Pushkar Chaudhary 5 274 Prabhasdeep 5 275 Rakesh Rawat 8 276 Apurba Maji 5 277 Guruprasad Mudda 11 278 Maddineni Sateesh Babu 15 Total 20,123