Date: 25th September 2026

Other Operational / Legal / Strategic Disclosures

Mahindra & Mahindra Financial Services Limited has intimated the stock exchanges (BSE Limited and National Stock Exchange of India Ltd.) about a transfer of equity shares from its Employee Stock Option Trust.

The Mahindra & Mahindra Financial Services Limited Employees' Stock Option Trust transferred 17,933 equity shares of the company on Friday, 25th September 2026. This transfer was executed pursuant to the exercise of vested Stock Options under the Mahindra & Mahindra Financial Services Limited – Restricted Stock Units Plan 2023.

The details of the transfer, as provided in Annexure I, specify that the sole eligible person receiving the shares is Raul Rebello, who received all 17,933 shares.

The letter is signed by Brijbala Batwal, Company Secretary (FCS No.: 5220), and requests the exchanges to take the intimation on record.

Sections Not Present

No material disclosures under the following sections: KMP / Board / Auditor Changes, Dividend Declaration or Non-Declaration, Board Meeting Outcomes, Financial Results (Standalone & Consolidated), Auditor’s Report, Disinvestment / Strategic Actions, Media Release / Investor Communication.