Credit Rating

Mahindra & Mahindra Financial Services Ltd. Mahindra Towers, 3rd Floor, Dr. G. M. Bhosale Marg, Worli, Mumbai 400 018 India Tel: +91 22 66526000/3500 07th 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”) – 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 07th July 2026 from India Ratings & Research Private Limited at 11:24 a.m.(IST), CRISIL Ratings Limited at 1:08 p.m.(IST), and CARE Ratings Limited at 12:48 p.m.(IST) respectively: India Ratings & Research Private Limited: S.N. Instrument Rated Amount Rating Outstanding 1) N on-convertible Debentures INR 490 bn ‘IND AAA/ Outlook Stable’ 2) R etail Non-convertible INR 80 bn ‘IND AAA/ Outlook Stable’ Debentures 3) P rivate Sub Debt INR 104.5 bn ‘IND AAA/ Outlook Stable’ 4) P rincipal protected Market INR 15 bn ‘IND PP-MLD AAA/Stable’ Linked Debentures 5) R etail Subordinate Debt INR 30 bn ‘IND AAA/ Outlook Stable’ 6) C ommercial Paper INR 200,000 mn IND A1+ CRISIL Ratings Limited: S.N. Instrument Rated Amount Rating Outstanding (in Crore) 1) B ank loan INR 20,000 Long term - ‘CRISIL AAA'/ Stable’ Short term- ‘CRISIL A1+’ 2) C ommercial Paper INR 20,000 ‘CRISIL A1+’ 3) F ixed Deposit INR 20,000 ‘CRISIL AAA/ Stable’ 4) N on-Convertible Debentures INR 28,855 ‘CRISIL AAA/ Stable’ 5) N on-Convertible Debentures INR 2,125 ‘CRISIL AAA/ Stable’ 6) S ubordinated Debt INR 887 ‘CRISIL AAA/ Stable’ 7) S ubordinated Debt INR 5,113.5 ‘CRISIL AAA/ Stable’ Page 2 CARE Rating Limited: S.N. Instrument Rated Amount Rating Assigned (in crore) 1) L ong Term / Short Term Bank INR 50,000 Long term - CARE AAA; Stable facilities Short term - CARE A1+ 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