M&M Financial Services Transfers 59,399 Equity Shares to Employees Under ESOP Schemes

M&M Financial Services has completed the transfer of 59,399 equity shares from its Employees' Stock Option Trust to eligible employees on March 27, 2026. The transfer represents the exercise of vested stock options by employees under the company's established employee incentive schemes.

Transfer Details and Schemes

The equity share transfer was executed under two employee benefit programs: the Mahindra Financial Services Limited Employees' Stock Option Scheme 2010 and the Mahindra & Mahindra Financial Services Limited Restricted Stock Units Plan 2023. The company formally notified both BSE Limited and the National Stock Exchange of India about this corporate action through an official communication signed by Company Secretary Brijbala Batwal.

Employee Allocation Breakdown

The share distribution among the five eligible employees shows significant variation in allocation sizes:

Employee Name:	Shares Allocated
Raul Rebello:	44,313
Shantanu Padhye:	9,149
Jaysheel Gandhi:	2,776
H S Kamath:	2,611
Pasala Ramesh Kumar:	550
Total:	59,399

Raul Rebello received the largest allocation, accounting for approximately 74.6% of the total shares transferred, while the remaining four employees received smaller but substantial allocations.

Regulatory Compliance

The transfer was conducted in accordance with regulatory requirements, with the company providing detailed documentation to both major Indian stock exchanges. The formal intimation included comprehensive details of all eligible persons and their respective share allocations, ensuring full transparency in the ESOP exercise process. Company Secretary Brijbala Batwal digitally signed the notification, confirming the authenticity and official nature of the transaction.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.39%	-6.05%	-20.17%	+7.99%	+7.31%	+58.30%

M&M Financial Services has announced the opening of a special window for transfer and dematerialization of physical securities, pursuant to SEBI Circular dated January 30, 2026. The company informed both BSE Limited and National Stock Exchange of India about this development through an official communication dated March 26, 2026.

Special Window Details

The special window has been established to facilitate the transfer and dematerialization of physical securities with specific parameters and timeline:

Parameter:	Details
Window Period:	February 5, 2026 to February 4, 2027
Applicable Securities:	Sold/purchased prior to April 1, 2019
Processing Agent:	KFin Technologies Limited
Contact Email:	einward.ris@kfintech.com

Eligible Cases and Requirements

The special window covers securities transactions that were previously affected by processing issues. Security holders can now submit applications for cases that were:

Previously rejected due to documentary deficiencies
Returned due to procedural issues
Not processed for various technical reasons

All required documents must be submitted to the company's Registrar and Share Transfer Agent, KFin Technologies Limited, located at Selenium, Tower B, Plot Nos. 31 & 32, Gachibowli Financial District, Hyderabad – 500032.

Transfer Conditions

Securities processed through this special window will be subject to specific conditions upon transfer:

Condition:	Details
Credit Format:	Demat form only
Lock-in Period:	One year
Transfer Restrictions:	Cannot be transferred, pledged or lien-marked during lock-in

Regulatory Compliance

The initiative follows SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026. The company has published newspaper advertisements to inform security holders about this opportunity and has made the information available on its website under the investor relations section.

Company Secretary Brijbala Batwal signed the official communication to stock exchanges, ensuring proper regulatory disclosure and compliance with exchange requirements.