Mahindra & Mahindra Limited has received intimation from its listed subsidiary Mahindra Lifespace Developers Limited regarding the successful incorporation of Mahindra Blossom Developers Limited (MBLDL) on January 2, 2026. The new subsidiary was incorporated in Mumbai, Maharashtra, following board approval granted on December 23, 2025. Through this incorporation, MBLDL has become a step-down subsidiary of Mahindra & Mahindra Limited.

Parent Company Intimation Process

Mahindra & Mahindra Limited received the intimation at 3:59 p.m. on January 2, 2026, from Mahindra Lifespace Developers Limited informing about the incorporation. The company has submitted the required details to multiple stock exchanges including NSE, BSE, Luxembourg Stock Exchange, and London Stock Exchange as per regulatory requirements.

Investment Details and Shareholding Structure

Mahindra Lifespace Developers made a substantial investment in the new subsidiary through a strategic shareholding arrangement:

The company, including through its nominees, subscribed to the entire share capital of MBLDL, making it a wholly owned subsidiary of Mahindra Lifespace Developers. No promoter, promoter group, or group companies have any direct interest in MBLDL through equity share subscription, except for indirect shareholding held by Mahindra & Mahindra Limited as the holding and promoter company.

Business Scope and Regulatory Framework

MBDL will operate in the real estate activities sector, specifically focusing on building and construction industry segments. The subsidiary's business scope includes establishing, acquiring, developing and maintaining residential and commercial complexes, housing facilities, industrial parks, technology parks, and integrated townships both in India and international markets.

The incorporation has been completed in full compliance with SEBI Master Circular requirements, with all disclosure obligations fulfilled under Regulation 30 of the SEBI Listing Regulations, 2015.

Mahindra Lifespaces Developers has been assigned an ESG rating of 72 by SES ESG Research Private Limited, a SEBI registered ESG rating provider. The company received this information on December 26, 2025, at 6:53 P.M. (IST) and subsequently disclosed it to the stock exchanges under regulatory compliance requirements.

ESG Rating Details

The ESG rating assessment was conducted independently by SES ESG Research Private Limited without any engagement from Mahindra Lifespaces Developers. The rating agency prepared its report based on publicly available data pertaining to the company's performance during FY 2024-25.

Regulatory Compliance

The company made this disclosure pursuant to Regulation 30(6) read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about material events and developments that could impact investor decisions.

Independent Assessment

Mahindra Lifespaces Developers emphasized that the ESG rating was assigned voluntarily by SES ESG Research Private Limited. The company clarified that it had not commissioned or engaged the rating agency for this assessment, making it an unsolicited evaluation based entirely on publicly available information.

The disclosure document was signed by Bijal Parmar, Company Secretary & Compliance Officer, and has been made available on the company's official website in the investor relations section under material disclosures.