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Mahindra & Mahindra Ltd. mEjhindra Rse Mahindra Towers, Dr. G. M. BhosaLe Marg, World, Mumbai 400 018 India Tel: +91 22 2490 1441 Fax: +91 22 2490 0833 www.mahindra.com M&M/SEC/2026-27/113 31st 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 31st 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 Pic ISIN: USY541641194 Regd. Office: Gateway Building, Apollo Bunder, Mumbai 400 OO1, India | Tel: +91 22 6897 5500 | Fax: +91 22 22875485 | Email: group.communication(5)mahindramaiLcom | mahindra.com | CIN No. L6599OMH1945PLCOO4558 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 Suhas Tambe 9 2 Harshad Mahajan 11 3 Shrikant Kulkarni 15 4 Chaitanya Khambete 8 5 Bappaditya Das 15 6 Vinay Kondejkar 8 7 Kishor Chavan 10 8 Supadu Thombare 9 9 Darshan Gamne 8 10 Rohit Gite 8 11 Mangesh Gholap 8 12 Mahesh Gade 8 13 Vivek Patel 8 14 Madhukar Kadam 8 15 Vilas Mahajan 8 16 Pramod Badgujar 8 17 Bhausaheb Ugale 8 18 Surendra Somvanshi 8 19 Aniket Patil 8 20 Anant Dixit 8 21 Abhay Mali 8 22 Gul Wadhwa 20 23 Anand Marathe 35 24 Mahendra Malvadkar 20 25 Kapil Ved 15 26 S X Pinto 20 27 Pradeep Dabholkar 20 28 Devang Shastri 70 29 Virendra Dolas 20 30 Himanshu Thakkar 27 31 Sudhir Dhanokar 20 32 R R Bawdhankar 20 33 Shriram Joshi 35 34 Shashikant Nikam 47 35 Dhananjay Shelar 35 36 Dnyaneshwar Dalkari 15 37 Shashank Varma 62 38 Sachin Arolkar 181 39 M. Ramanikrishnan 1133 40 Srikrishna Kapure 20 41 Shailesh Salaskar 20 42 V P Narvekar 100 43 Jeetendra Zile 27 44 Naresh Mali 20 45 Milind Gurav 27 46 Arun Parab 20 47 Nagendra Pansare 1322 48 Kishor Satpute 20 49 Nitish Sinnarkar 27 50 TAJ SHAIKH 20 51 Prashant Bhagwat 71 52 Vipin Sonje 20 53 Rajyogi Wadi 15 54 C.R. Sonawane 8 55 Ramkrishna llgale 50 56 Rahul Furiya 20 57 Nitin Malgundkar 20 58 Rajwinder Thind 35 59 Ganesh Kore 47 60 Kiran Thakare 20 61 Sachin Dhore 76 62 Samir Joglekar 27 63 Dinesh Kurup 88 64 Nadeem Rizvi 15 65 Rajendra Ashtekar 35 66 Dnyandeo Walkunde 35 67 Mahesh Naik 27 68 Mirza Habibulla Baig 27 69 Anil Mahendrakar 47 70 P Sanjeev Kumar 20 71 Rohit Bhatia 105 72 Narendra Dhumal 15 73 Varsha Sachin Satam 15 74 Sunil Undirwadkar 15 75 Sridhar S C 47 76 Kishor Shingate 20 77 Kishor Chand 20 78 Soumitra Choudhury 47 79 Vishal Chaudhari 70 80 Shashikant Nalavade 27 81 Gajanan Deshpande 20 82 Sai Ganesh Iyer 67 84 Prashant Gore 27 85 Sushil Bhatt 20 86 Amol Deshmukh 15 87 Anand Joshi 20 88 Prasanna Karmalkar 11 89 Tarun Khurana 47 90 Manish Dikshit 20 91 Alok Mathur 27 92 Harsh Mathur 47 93 Harold Rodrigues 11 94 Prashant Deoli 20 95 Chandrawadan Pimple 11 96 Rehan Shaik 1000 97 Manoj More 20 98 Ashish Jashvantlal Shah 35 99 Satish Bakare 8 100 Tanmoy Dixit 27 101 S Sivakumar 20 102 Ajay Rai 35 103 Sarvesh TYAGI 20 104 Om Prakash Nichenametla 11 105 Prasannan V 11 106 PRATAP CHAVAN 15 107 Sachin Rane 20 108 Tejun Saif 35 109 Amar Pande 11 110 Rehan Mobashir 15 111 Parag Kulkarni 35 112 Yogesh Kulkarni 15 113 Ganesh Pawar 27 114 Deepak Patil 47 115 Dinkar Biradar 20 116 Sarvantrayami Gubbala 20 117 Shantiram Jejurkar 11 118 Lenin D'souza 47 119 Anant Deshmukh 11 120 Samir Bhor 35 121 Shreyas Gokhale 20 122 Mahesh Sawant 20 123 Milind Deshpande 27 124 Srikanth Srinivasan 27 125 Praveen Shrivastava 27 126 Satyajit Ghate 262 127 Jaisaran Srivastava 20 128 Tarun Sharma 27 129 Neeraj Yadav 27 130 M James Arokiaraj 27 131 Varun 27 132 M. Vasudevan Nair 20 133 Suresh S. 20 134 Shrikant Mulay 20 135 Ashish Singru 15 136 Abhijit Bhanage 20 137 Sandip Pawar 11 138 Sadashiv Bhute 20 139 Vijay Waghmare 11 140 Rajesh Wani 35 141 Dinesh Nagmoti 20 142 Vijay Wakte 11 143 Pratik Desai 35 144 Pravin Bhalerao 15 145 Abhay Khanapurkar 15 146 Yogesh Jadhao 11 147 R Kamesh 27 148 Bhagyesh Mandalkar 27 149 Abhay Yeole 35 150 Nirbhay Kumar Singh 27 151 Varad Gokhale 20 152 Nikhil Mhatre 11 153 Sachin Patil 20 154 Prasad Gavaskar 20 155 Milind Borkar 20 156 Koushik Pandey 148 157 Senthil Murugan 35 158 Ashutosh Patil 27 159 Kalpeshkumar Panchai 15 160 Rajeev Shinde 20 161 Vinay Vadgaonkar 20 162 Kaustubh Tayde 15 163 Saravanan Rajendran 35 164 Jagdish Yadav 20 165 Dilip Kanse 11 166 Jacob david Raj 35 167 Sujitkumar Yadav 15 168 Vishvanath Khule 11 169 Imtiyaz Ahmed 35 170 Yogesh Dhondge 11 171 Mohan Nandi 27 172 Mangesh Gunjal 20 173 A. Joseph Richard Viviandoss 11 174 Santosh Nayak 11 175 Govind Chavan 11 176 Gourav Rao M 15 177 Kannan S 125 178 Harish Chand Bansal 11 179 Akhilesh Puranik 15 180 Jayant Mhatre 20 181 Dasaratha Ramireddy Garudammagari 8 182 Manoj Minj 27 183 Ravi Haladikar 20 184 Viraj Shringarpure 20 185 Sunil Bandarkar 11 186 Subrata Dutta 20 187 Taiyeb Banswarawala 15 188 Vijay Mahajan 8 189 Jaiprakash Jagannathan 62 190 Vikrant Morade 11 191 Satyabrata Mohanty 20 192 Rajesh Thiyagarajan 27 193 Anand Bidre 27 194 Soumya Ranjan Panda 20 195 Jitender Arora 15 196 Jimit Joshi 20 197 Ashok Singh Rathore 35 198 Vaibhav Kumbhar 15 199 Karthick Rr 35 200 Chandra Rajesh 20 201 Sandesh Keni 8 202 Fareed Mokarram 11 203 Kiran Upadhye 15 204 John Dephny Vijay R 20 205 Chandrasekhar R. 35 206 Abhishek Sukhwal 66 207 Sakharam Shelke 11 208 T V S Rao 35 209 Deepak Gupta 20 210 Dheerendra Mishra 15 211 Jaywant Nikam 15 212 Vivek Saxena 56 213 Umesh Potdar 47 214 Hemant Shah 35 215 Deepak Basutkar 47 216 Ashutosh Goel 300 217 Rahul Bandre 15 218 Shivaji Ramdas Waje 15 219 Ravindra Bhagat 8 220 Prashant Joshi 15 221 Swaroop Keskar 200 222 Suraj Mane 15 223 Vikram Dalvi 11 224 Ashvin Agrawal 20 225 Sameer Huddar 20 226 Ajay Tyagi 15 227 Brunell Fernandes 15 228 Anselm Rodrigues 15 229 Sagar Shah 316 230 Muthu kumaresan 20 231 Surendra Mer 15 232 Jeetendra Mishra 15 233 Sagar Shah 8 234 Amarjit Singh 8 235 T Bhanu Chander 8 236 Mastan Vali Nandavarapu 5 237 Surajit Chandra Paul 11 238 Ajaykumar Mayashankar Singh 20 239 Karthi Ramanathan 35 240 Manish Kulkarni 27 241 Umrao Uttreshwar Jagtap 57 242 Yuvaraj Chaudhari 15 243 Ramakant Gangadhar Gavali 20 244 Shrikant Prakash Wagh 15 245 Pallavi Kulkarni 5 246 Ritesh Shah 83 247 Vaibhav Shaha 11 248 Mukesh Thakur 20 249 Ramdas Date 15 250 Amit Malekar 20 251 Mohan Nair 350 252 Vishwesh Kulshrestha 8 253 Vijayamahantesh Papanal 27 254 Yogesh Phadtare 8 255 Sumon Chowdhury 35 256 Mukund Ahire 15 257 Nilesh Belgaonkar 20 258 Sadanand Bhosale 84 259 Nitin Shinde 27 260 Maxson Gomes 20 261 Shashank Sahu 27 262 Shanti Shanbhogue 20 263 Kakasaheb Sawant 20 264 Dhawal Doshi 20 265 Amol Malviya 11 266 Harishchandra Mistry 15 267 Sunil S Desai 11 268 Sunil Rajurkar 11 269 Sajith Nair 27 270 Ashish Patel 11 271 Suhas Kangde 300 272 Sachin Mohite 11 273 Janakiraman R 35 274 Balvant Khade 20 275 Swanand Joshi 15 276 Ashish Junankar 27 277 Rajendra Singh 27 278 Jaiganesh Balasubramanian 27 279 Mukesh Parab 11 280 Krishna Tiwari 5 281 Sandeep Jundre 8 282 Hariharan R 20 283 Ganesh Kota 20 284 Paramvir Bhamra 35 285 Sumesh Sharma 20 286 Ravinder Khurana 20 287 Jasbir Singh 11 288 Pardeep Verma 27 289 Sanjeev Kumar 78 290 Vineet K Choudhary 15 291 Sudhir K Chourasia 27 292 Himanshu Sharma 20 293 Rajeev Nayan 15 294 Himanshu Jain 15 295 Mukesh Kumar Sharma 20 296 Vineet Lohan 15 297 Lakhanlal Malviya 8 298 Saddam Khan 5 299 Uddha [Showing first 8,000 characters — download PDF for full document]