Mahindra & Mahindra Limited has announced a key senior management appointment, naming Ms. Shuchi Suri as Executive Vice President - Mahindra Experiences. The appointment, effective from 14th May 2026, was communicated to stock exchanges on 24th April 2026, with Ms. Suri also forming part of the company's Senior Management Personnel.

Leadership Role and Responsibilities

As Head of Mahindra Experiences, Ms. Suri will drive strategic focus on world-class experiences to unlock value and drive business impact for the Group. Her responsibilities will include taking ownership of the Mahindra Adventure team in the Auto business and the Experiences team at Mahindra Holidays. She will work closely with leaders across Auto and Holidays businesses and will report directly to Dr. Anish Shah.

Professional Background and Experience

Ms. Suri brings extensive global experience from her distinguished career at Unilever, spanning over 22 years with leadership roles across multiple regions:

Areas of Expertise

Ms. Suri has demonstrated expertise across multiple strategic domains throughout her career:

• Brand Strategy and Consumer Segmentation
• Portfolio Transformation and Premium Innovation
• Consumer lifecycle management
• Digital First & Partnerships based Marketing
• Leadership across significant portfolios in India, UK and Singapore

She has been recognized for her speed, agility, strong stakeholder influence and ability to build high performing purpose-based teams.

Educational Qualifications

Ms. Suri holds impressive academic credentials that have supported her successful corporate journey:

Regulatory Compliance

The appointment has been made in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all disclosure requirements as mandated under SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026.

This strategic appointment reflects Mahindra & Mahindra's continued focus on strengthening its leadership team with experienced professionals who can drive growth and enhance customer experiences across the Group's diverse business portfolio.

Mahindra & Mahindra has executed a Novation and Amendment Agreement with Manulife and Manulife Holdings (Bermuda) Limited, marking an important development in their joint venture arrangement for the life insurance business. The agreement was executed under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Transaction Details

The novation agreement involves the complete transfer of rights, interests, and obligations from Manulife to its wholly owned subsidiary, Manulife Holdings (Bermuda) Limited. This transfer is in accordance with the original Joint Venture Agreement executed for the incorporation of a joint venture company to carry on life insurance business and activities incidental or ancillary thereto.

Key Provisions

Pursuant to the agreement, Manulife has transferred, assigned, and novated all its rights, interests, and obligations under the Joint Venture Agreement to Manulife Bermuda. Manulife Bermuda has assumed all rights and obligations of Manulife under the JVA and shall be bound by the terms and conditions of the JVA. All other terms and conditions of the original Joint Venture Agreement remain unchanged.

Regulatory Compliance

The company has fulfilled all regulatory disclosure requirements under the transaction. The intimation regarding this development has been uploaded on the Company's website at mahindra.com and has been communicated to multiple stock exchanges.

The agreement represents a structural reorganization within the Manulife group while maintaining the fundamental terms of the life insurance joint venture partnership with Mahindra & Mahindra.