Mahindra & Mahindra Limited has published newspaper advertisements on 7th April 2026 informing shareholders about the Securities and Exchange Board of India's (SEBI) special window for re-lodgement of physical share transfer requests. The advertisements were published in Business Standard (English) and Sakal (Marathi) newspapers in Mumbai editions.

SEBI Special Window Timeline

SEBI had discontinued transfer of physical shares from 1st April 2019. However, the regulatory body opened a special window from 7th July 2025 to 6th January 2026 for re-lodgement of physical share transfer requests originally submitted before 1st April 2019 but returned due to deficiencies in documentation.

To facilitate investors further, SEBI has decided to open another special window for one year from 5th February 2026 to 4th February 2027.

Eligibility Criteria

The company has outlined specific eligibility requirements for shareholders seeking to utilize this special window:

Exclusions and Restrictions

Certain cases will not be considered under this special window:

• Cases involving disputes between the transferor and transferee
• Securities which have been transferred to the Investor Education and Protection Fund (IEPF)

Processing Requirements

All shares re-lodged during this period will be processed through the transfer-cum-demat route. The processed shares will only be issued in dematerialized (demat) form after transfer and will be subject to a lock-in period of one year.

Contact Information

For further information or clarification, shareholders can contact the company or its Registrar and Transfer Agent (RTA):

The information has also been uploaded on the company's website at www.mahindra.com . The notification was signed by Sailesh Kumar Daga, Company Secretary (FCS: 4164), and copies were sent to Luxembourg Stock Exchange and London Stock Exchange Plc.

Mahindra & Mahindra Limited has successfully transferred 20,516 equity shares from its Employee Stock Option Trust to 49 stock option grantees on April 7, 2026. The transfer was executed following the exercise of stock options granted under the company's Employee Stock Option Scheme, as communicated to stock exchanges through an official filing.

ESOP Share Transfer Details

The company's Employee Stock Option Trust transferred shares to employees across various allocation sizes, demonstrating the broad-based nature of the employee stock option program. The transfer encompasses a diverse group of beneficiaries with varying share allocations based on their respective stock option grants.

Key Beneficiaries and Allocations

The share distribution shows significant variation in allocation sizes among the grantees. The top five recipients by share count include:

• Shriprakash Shukla: 5,086 shares
• Jinesh Jain: 3,253 shares
• Sasidhar Kanigelpula: 1,700 shares
• Jay Rungta: 1,626 shares
• Yogaraja Venkatraman: 1,500 shares

The remaining 44 employees received allocations ranging from 25 to 889 shares, reflecting the tiered structure of the company's stock option scheme.

Regulatory Compliance

Company Secretary Sailesh Kumar Daga signed the notification digitally on April 7, 2026, ensuring compliance with exchange listing requirements. The communication was sent to multiple exchanges where the company's shares are listed:

• National Stock Exchange of India Limited (Scrip Code: M&M)
• BSE Limited (Scrip Code: 500520)
• Luxembourg Stock Exchange
• London Stock Exchange Plc

This transfer represents the fulfillment of the company's undertaking given to exchanges at the time of listing shares that were initially allotted to the Employee Stock Option Trust, demonstrating the company's commitment to transparent governance and employee participation in equity ownership.