M&M Financial Services has announced updated Environmental, Social and Governance (ESG) ratings from two rating agencies, demonstrating the company's commitment to sustainable business practices. The non-banking financial company disclosed these ratings to stock exchanges on 19th February 2026, in compliance with SEBI Listing Regulations.

ESG Rating Updates

The company received ratings from two distinct ESG rating providers, showing positive momentum in its sustainability assessment:

Rating Disclosure Timeline

The ESG ratings were communicated to the company through system-generated notifications from BSE Limited:

Regulatory Compliance

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company followed the requirements outlined in Part A, Para A (3) of Schedule III and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, which was updated on 30th January 2026.

Both rating agencies operate under a subscriber pays business model, ensuring independence in their assessment methodology. The ratings reflect the company's performance across environmental, social, and governance parameters within the financial services sector.

Corporate Transparency

The company has made the ESG rating information publicly available on its investor relations website at mahindrafinance.com under regulatory filings. This transparency initiative aligns with the company's commitment to keeping stakeholders informed about its sustainability performance and regulatory compliance.

M&M Financial Services has completed the transfer of 7,458 equity shares from its Employees' Stock Option Trust to eligible employees on February 12, 2026. The transfer represents the exercise of vested stock options by employees under the company's employee stock option schemes.

ESOP Transfer Details

The share transfer was executed under two distinct employee stock option schemes operated by the company. The eligible employees exercised their vested stock options under the Mahindra Financial Services Limited Employees' Stock Option Scheme – 2010 and the Mahindra & Mahindra Financial Services Limited – Restricted Stock Units Plan 2023.

Employee Allocation Breakdown

The 7,458 equity shares were distributed among 10 eligible employees with varying allocations based on their vested stock options:

Dinesh Prajapati received the largest allocation of 2,131 shares, while Munish Arora received the smallest allocation of 64 shares among the beneficiaries.

Regulatory Compliance

The company has formally notified both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) about this share transfer. Company Secretary Brijbala Batwal signed the intimation letter, ensuring compliance with regulatory requirements for such corporate actions. The notification includes detailed information about each eligible employee and their respective share allocations for transparency and record-keeping purposes.