M&M Financial Services Confirms Postal Ballot Success with Regulatory Filing Update
Mahindra & Mahindra Financial Services Limited has officially confirmed through regulatory filing the successful completion of its postal ballot process with all four resolutions approved by shareholders. The company achieved strong voting participation of 90.72% and secured overwhelming approval for director appointments and ESOP plan implementation, demonstrating solid shareholder confidence in the company's strategic initiatives.

*this image is generated using AI for illustrative purposes only.
M&M Financial Services has officially confirmed the successful completion of its postal ballot process through a regulatory filing dated 9th February 2026. The company informed BSE and NSE that all four proposed resolutions were approved by shareholders with requisite majority, with voting concluded on 7th February 2026.
Official Regulatory Confirmation
The company filed an update under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming shareholder approval for all resolutions. The filing referenced previous communications dated 28th October 2025, 8th December 2025, and 7th January 2026, providing a complete regulatory timeline.
| Parameter: | Details |
|---|---|
| Filing Date: | 9th February 2026 |
| Voting Conclusion: | 7th February 2026 |
| Total Shareholders on Record: | 248,727 |
| Paid-up Share Capital: | 1,389,971,160 shares |
| Overall Voting Turnout: | 90.72% |
Approved Resolutions Summary
The postal ballot covered four key resolutions spanning director appointments and employee stock option plan implementation. Both director appointments received overwhelming shareholder support, while the ESOP-related resolutions also secured strong approval.
| Resolution Type: | Description | Approval Status |
|---|---|---|
| Special Resolution: | Ms. Padmaja Chunduru appointment as Independent Director | 99.96% approval |
| Ordinary Resolution: | Mr. Parag Rao appointment as Non-Executive Director | 99.93% approval |
| Special Resolution: | ESOP Plan Implementation | 93.30% approval |
| Special Resolution: | Trust Funding Provision | 93.62% approval |
Director Appointment Details
Ms. Padmaja Chunduru (DIN: 08058663) was appointed as Independent Director for a five-year term from 10th November 2025 to 9th November 2030, receiving 1,260,518,195 votes in favor out of 1,260,979,360 votes polled. Mr. Parag Rao (DIN: 02436612) was appointed as Non-Executive Director effective 10th December 2025.
ESOP Plan Implementation
The 'Mahindra & Mahindra Financial Services Limited - Subsidiary Companies Restricted Stock Units Plan 2026' was approved with 93.30% votes in favor. The plan covers up to 30,00,000 RSUs constituting 0.22% of paid-up share capital. The fourth resolution regarding provision of money to the Employees' Stock Option Trust for funding equity share subscriptions was approved with 93.62% support.
Compliance and Documentation
The postal ballot was conducted under scrutinizer supervision by Mr. Keyur H Mirani (ACS 26354), ensuring compliance with Companies Act, 2013 and SEBI regulations. The company published required advertisements and provided remote e-voting facility through KFin Technologies Limited. All regulatory filings and results are available on the company's investor relations website at mahindrafinance.com.
Historical Stock Returns for M&M Financial Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.48% | +3.82% | +4.15% | +53.90% | +34.90% | +117.60% |


































