Mahindra holidays & Resorts India Limited has announced the allotment of 4,081 equity shares under its Employee Stock Options Scheme 2020, as approved by the Securities Allotment Committee through a circular resolution dated February 09, 2026. The development was communicated to stock exchanges in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Share Capital Enhancement

The allotment of equity shares has resulted in an increase in the company's issued and paid-up share capital. Each share carries a face value of Rs. 10, contributing to the overall capital expansion.

ESOP Implementation Details

The shares were allotted pursuant to the exercise of options granted under the Mahindra Holidays & Resorts India Limited Employees Stock Options Scheme 2020. This scheme represents the company's commitment to employee participation in its growth and success through equity ownership.

The newly allotted equity shares will rank pari-passu with the existing equity shares of the company in all respects. This includes eligibility for dividend distributions and corporate benefits that may be declared by the company after the allotment date.

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both the National Stock Exchange of India Limited and BSE Limited about the share allotment. Additionally, the intimation has been uploaded on the company's official website at clubmahindra.com under the investor information section, ensuring transparency and accessibility for stakeholders.

The allotment represents a routine corporate action under the company's established employee stock option framework, reflecting ongoing employee participation in the organization's equity structure.

Mahindra Holidays & Resorts India Limited has updated its corporate governance framework by amending its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information. The Board of Directors approved these amendments on 29th January 2026, following recommendations from the Audit Committee.

Regulatory Compliance Update

The amendments were specifically designed to align the company's existing code with recent modifications in SEBI (Prohibition of Insider Trading) Regulations, 2015. This update ensures the company maintains compliance with evolving regulatory requirements for fair disclosure practices.

Key Code Provisions

The amended code establishes comprehensive guidelines for handling Unpublished Price Sensitive Information (UPSI). The framework designates a Chief Investor Relations Officer (CIRO) as the senior officer responsible for overseeing disclosure and dissemination of UPSI to ensure timely, adequate, uniform and universal disclosure.

The code defines UPSI as information relating to the company or its securities that is not generally available and could materially affect share prices. This includes:

• Financial results and dividend announcements
• Changes in capital structure and business expansions
• Key managerial personnel changes
• Credit rating modifications
• Regulatory actions and litigation outcomes
• Fraud, defaults, or insolvency proceedings

Legitimate Purpose Framework

The code incorporates a detailed policy for determining "Legitimate Purpose" when sharing UPSI. Information may be shared in the ordinary course of business on a need-to-know basis with designated persons, partners, lenders, advisors, auditors, and other specified entities.

Disclosure and Documentation

The company has filed the amended code with both NSE and BSE exchanges as required under regulatory provisions. The updated code is also available on the company's investor website at clubmahindra.com for stakeholder access. The code emphasizes prompt public disclosure of UPSI to ensure uniform dissemination and prevent selective disclosure practices.

The amendments reflect the company's commitment to maintaining robust corporate governance standards and regulatory compliance in its disclosure practices.