M&M Transfers 33,104 Shares to Grantees

Mahindra & Mahindra transferred a total of 33,104 equity shares to 35 stock option grantees on May 21, 2026, through its Employees' Stock Option Trust. This transfer was executed pursuant to the exercise of stock options granted under the company's Employees' Stock Option Scheme. The disclosure was communicated to the National Stock Exchange of India, BSE Limited, Luxembourg Stock Exchange, and London Stock Exchange Plc by Company Secretary Sailesh Kumar Daga.

ESOP Share Transfer Overview

The Mahindra & Mahindra Employees' Stock Option Trust transferred equity shares to eligible grantees as part of the company's ongoing employee stock ownership programme. A total of 35 individuals received shares in this specific transaction. The following table provides a summary of key parameters for the latest transfer.

Parameter:	Details
Date of Transfer:	May 21, 2026
Total Equity Shares Transferred:	33,104
Total Number of Grantees:	35
Scheme:	Employees' Stock Option Scheme
Transferring Entity:	Mahindra & Mahindra Employees' Stock Option Trust

Complete List of Stock Option Grantees

The following table details the 35 grantees and the number of equity shares transferred to each individual, as disclosed in Annexure I of the company's regulatory filing.

Sr No:	Name	Total No. of Equity Shares
1	Shailesh Harsora	300
2	Prasad Kulkarni	785
3	Pankaj Madan Daptardar	28
4	Babith Nayak	200
5	V Pandurangan	109
6	Mukund Ukarande	416
7	S. Biswas	638
8	Rahul Chemburkar	400
9	Tom Thomas	763
10	Basant Bhansali	500
11	Anil Balakrishna Hadap	108
12	Vimal Khanna	88
13	Ruzbeh Irani	1,920
14	Shirish Godbole	300
15	Sanjay Kulkarni	136
16	Faizan Sayed	50
17	Nirav Parekh	157
18	Roopali Jalota	226
19	JASVINDER P SINGH	90
20	SAMEER WALGUDE	120
21	Ashish Patil	60
22	Dhananjaya Rao Boita	2,295
23	GopaKishor Gummadi	1,250
24	Shekhar Karanjikar	200
25	Girish Gadgil	2,034
26	Rajagopal S	87
27	Aradhana Acharya	40
28	Kishore Tiwari	32
29	Kumaraswamy Udugu	68
30	Cyril Mathew	50
31	Anish Shah	15,873
32	Jatinder Sareen	267
33	Deepan Sivraj	1,318
34	Vineet Joshi	500
35	Snehal Kanekar	1,696
Total		33,104

Regulatory Compliance and Disclosure

The transfer was disclosed by Mahindra & Mahindra in accordance with its listing obligations. The communication, bearing reference number M&M/SEC/2026-27/032 and dated May 21, 2026, was addressed to the National Stock Exchange of India and BSE Limited, with copies marked to the Luxembourg Stock Exchange and London Stock Exchange Plc. The filing was signed by Sailesh Kumar Daga, Company Secretary (FCS: 4164), on behalf of Mahindra & Mahindra Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.79%	-2.61%	-2.14%	-17.20%	-0.44%	+277.83%

Mahindra & Mahindra has announced the appointment of Ms. Purnima Lamba as its Chief Brand Officer, effective September 1, 2026. Lamba will also form part of the senior management of the company. The appointment is subject to regulatory approvals.

Leadership Appointment Details

The key details of this senior leadership appointment are outlined below:

Parameter	Details
Appointee:	Ms. Purnima Lamba
Designation:	Chief Brand Officer
Effective Date:	September 1, 2026
Responsibilities:	Corporate Brand and Communications Strategy

Role and Responsibilities

As Chief Brand Officer, Purnima Lamba will lead Mahindra & Mahindra's corporate brand and communications function. She will be responsible for shaping and stewarding the company's corporate brand and communications strategy, ensuring alignment with the Group's values and business ambitions. Her role includes overseeing brand consistency across diverse business verticals and driving initiatives to enhance brand salience in traditional and digital ecosystems.

Professional Background

Purnima Lamba joins Mahindra Group after an illustrious global career spanning around 25 years at Unilever. She held senior leadership roles across India, the UK, and the Netherlands. Her expertise includes building tech-enabled beauty experiences and pioneering digital media models. She holds a BSc and MSc in Management from the London School of Economics and Political Science.