Mahindra & Mahindra Financial Services Limited disclosed the transfer of equity shares from its Employees' Stock Option Trust to eligible employees. The transfer occurred on Monday, 21st September 2026.
Key Quantitative Figures
- Total equity shares transferred: 48,549
- Number of eligible persons: 17
Transaction Details
- Transferring entity: Mahindra & Mahindra Financial Services Limited Employees' Stock Option Trust
- Recipients: Eligible employees who exercised vested stock options
- Governing plans: Mahindra & Mahindra Financial Services Limited – Employees' Stock Option Scheme – 2010 and Mahindra & Mahindra Financial Services Limited – Restricted Stock Units Plan 2023
- Date of transfer: 21st September 2026
Individual Allocations
The equity shares were transferred to the following eligible persons with the specified quantities:
| Sr.No. | Name of Eligible Person | Shares Transferred |
| 1 | Ajith Kumar KS | 574 |
| 2 | Animesh Chatterjee | 4,153 |
| 3 | Ashish Devdhe | 642 |
| 4 | Ashok Kumar | 402 |
| 5 | Chanpreet Singh | 980 |
| 6 | Hari Haranath Rongala | 235 |
| 7 | Khuswant Yadav | 994 |
| 8 | Kshama Mane | 422 |
| 9 | Mahesh Rajaraman | 32,109 |
| 10 | Pravin Kadam | 476 |
| 11 | Sachin Thamke | 400 |
| 12 | Sapna Jain | 3,264 |
| 13 | Shadab Khan | 802 |
| 14 | Shuvendu Nayak | 466 |
| 15 | Subroto Sarkar | 518 |
| 16 | Vinod Jain | 1,596 |
| 17 | Vishwanath Bangera | 516 |
Authorized Signatory
The disclosure was signed by Brijbala Batwal, Company Secretary (FCS No.: 5220), on behalf of Mahindra & Mahindra Financial Services Limited.