Mahindra & Mahindra Financial Services Limited announced significant changes in its senior management structure following a Board meeting held on 24th April 2026. The company filed regulatory intimations under SEBI Listing Regulations regarding the cessation of Mr. Sandeep Mandrekar as Chief Business Officer-Wheels and the designation of four new Senior Management Personnel.

Chief Business Officer Resignation

Mr. Sandeep Mandrekar resigned from his position as Chief Business Officer-Wheels and Senior Management Personnel effective 24th April 2026. According to his resignation letter dated 1st December 2025, Mandrekar cited personal and professional interests outside full-time employment as the reason for his departure after a tenure of over 13 years with the company since its inception.

As per the mutual agreement, Mandrekar will continue his association with the company as a part-time consultant effective 27th April 2026, providing services related to the growth and development of the Wheels business, including capability building and mentoring leaders.

New Senior Management Appointments

Consequent to Mandrekar's cessation, four officials have been designated as Senior Management Personnel effective 25th April 2026. Their new or expanded roles will be effective from 1st May 2026.

Professional Backgrounds

Mr. Shantanu Padhye brings 34 years of experience across automobile and financial services sectors, having previously worked with Mahindra & Mahindra Limited and Tata Motors. Mr. Nitesh Rawal, with over 25 years in financial services, currently heads the Car Loans business and has spearheaded multiple strategic transformation projects focusing on customer experience, asset quality optimization, and process digitization.

Mr. Chanpreet Singh possesses over 20 years of banking and NBFC experience with extensive exposure to rural and semi-urban banking. He has successfully managed large portfolios and led transformations of geographically dispersed teams with strong P&L management experience. Mr. Pravin Kulkarni has 23+ years of experience across Banks, NBFCs, and Credit Bureau, having led various rural banking products and financial inclusion initiatives.

Board Meeting Outcomes

The Board meeting, which concluded at 5:35 p.m. IST on 24th April 2026, also addressed other significant matters including the approval of increased borrowing limits from Rs. 1,50,000 crore to Rs. 1,75,000 crore and the appointment of Mr. Krishna Kumar Sukumaran Nair as Additional Director representing Life Insurance Corporation of India.

The company has uploaded the regulatory filing on its website at mahindrafinance.com under investor relations. The 36th Annual General Meeting is scheduled for 21st July 2026, where shareholders will seek approval for various matters including the increased borrowing limits and director appointments.

M&m financial services has announced the availability of its Q4FY26 earnings conference call audio recording, fulfilling regulatory compliance requirements under SEBI guidelines. The financial services company conducted its quarterly earnings discussion on Friday, April 24, 2026, providing stakeholders with insights into its fourth quarter and full financial year performance ended March 31, 2026.

Conference Call Details

The earnings conference call concluded at 7:08 p.m. IST on April 24, 2026. The company has made the complete audio recording accessible to investors and stakeholders through its official channels.

Regulatory Compliance

The audio recording availability aligns with multiple SEBI regulatory requirements. The company has ensured compliance with Regulation 30, Schedule III, Part A, Para A (15)(b) and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Additionally, in accordance with Regulation 46(2)(oa) of the Listing Regulations, the intimation has been uploaded on the company's website under the investor relations section for regulatory filings.

Access Information

Stakeholders can access the audio recording through the company's media portal. The recording is also available through the regulatory filings section of the company's investor relations webpage, ensuring comprehensive accessibility for all interested parties.

The notification was formally communicated to both BSE Limited and National Stock Exchange of India Ltd., maintaining transparency with the stock exchanges where the company's shares are listed.