Meeting Details

The 80th Annual General Meeting was held on 30th July 2026 through Video Conferencing ("VC") facility.

Shareholder Statistics

  • Total number of shareholders on record date: 1,029,513
  • Book Closure dates: Saturday, 4th July 2026 to Thursday, 30th July 2026 (both days inclusive)
  • Cut-off date for ascertaining voting rights: Thursday, 23rd July 2026
  • Shareholders present through Video Conferencing: 1 Promoter/Promoter Group member, 123 Public shareholders

Voting Mechanism

The mode of voting for all resolutions was:

1. Remote e-voting conducted between Saturday, 25th July 2026 (9:00 a.m. IST) and Wednesday, 29th July 2026 (5:00 p.m. IST)

2. E-Voting conducted at the Annual General Meeting ("Poll")

Resolution-wise Voting Results

Resolution 1: Consideration and Adoption of Audited Standalone Financial Statements

  • Resolution type: Ordinary
  • Promoter interest: No
  • Total shares voted: 989,881,565 (79.6026% of outstanding shares)
  • Votes in favor: 989,879,668 (99.9998%)
  • Votes against: 1,897 (0.0002%)
  • Result: Passed with requisite majority

Resolution 2: Consideration and Adoption of Audited Consolidated Financial Statements

  • Resolution type: Ordinary
  • Promoter interest: No
  • Total shares voted: 989,881,566 (79.6026% of outstanding shares)
  • Votes in favor: 989,879,575 (99.9998%)
  • Votes against: 1,991 (0.0002%)
  • Result: Passed with requisite majority

Resolution 3: Declaration of Dividend on Ordinary (Equity) Shares

  • Resolution type: Ordinary
  • Promoter interest: No
  • Total shares voted: 1,000,093,434 (80.4238% of outstanding shares)
  • Votes in favor: 1,000,091,547 (99.9998%)
  • Votes against: 1,887 (0.0002%)
  • Result: Passed with requisite majority

Resolution 4: Appointment of Director

  • Resolution type: Ordinary
  • Promoter interest: No
  • Total shares voted: 1,000,031,163 (80.4188% of outstanding shares)
  • Votes in favor: 994,998,626 (99.4968%)
  • Votes against: 5,032,537 (0.5032%)
  • Result: Passed with requisite majority

Resolution 5: Re-appointment of Mr. Ranjan Pant as Director

  • Resolution type: Ordinary
  • Promoter interest: No
  • Total shares voted: 1,000,073,336 (80.4222% of outstanding shares)
  • Votes in favor: 968,754,559 (96.8684%)
  • Votes against: 31,318,777 (3.1316%)
  • Result: Passed with requisite majority

Resolution 6: Ratification of Remuneration to Cost Auditors

  • Resolution type: Ordinary
  • Promoter interest: No
  • Total shares voted: 1,000,073,424 (80.4222% of outstanding shares)
  • Votes in favor: 1,000,070,759 (99.9997%)
  • Votes against: 2,665 (0.0003%)
  • Result: Passed with requisite majority

Resolution 7: [Not detailed in provided data]

Resolution 8: Approval of Material Related Party Transactions with Mahindra Electric Automobile Limited

  • Resolution type: Ordinary
  • Promoter interest: Yes
  • Total shares voted: 774,315,325 (62.2676% of outstanding shares)
  • Votes in favor: 774,294,087 (99.9973%)
  • Votes against: 21,238 (0.0027%)
  • Result: Passed with requisite majority

Resolution 9: Approval of Material Related Party Transactions between MUSA and MFUSA

  • Resolution type: Ordinary
  • Promoter interest: Yes
  • Total shares voted: 774,312,153 (62.2673% of outstanding shares)
  • Votes in favor: 774,290,207 (99.9972%)
  • Votes against: 21,946 (0.0028%)
  • Result: Passed with requisite majority

Share Capital Composition

The total number of shares (1,243,528,831) includes:

1. 20,967,618 shares held by Custodian against which Global Depository Receipts have been issued

2. 41,141,520 shares (3.31% of share capital) held by Mahindra & Mahindra Employees' Stock Option Trust

3. 1,277,740 shares (0.10% of share capital) held by Employees Welfare Trust

4. 3,404,119 shares (0.27% of share capital) transferred to IEPF (voting rights frozen)

5. 90,118 shares (0.01% of share capital) transferred to Unclaimed Securities Suspense Account (voting rights frozen)

Pursuant to SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021, the Trustees of the Employee Trusts shall not vote in respect of the shares held by such trusts.

Scrutinizer's Report

Dilip Bharadiya & Associates, Practicing Company Secretaries, was appointed as Scrutinizer for the e-voting process. The scrutinizer confirmed:

  • The remote e-voting period was from 25th July 2026 (9:00 a.m. IST) to 29th July 2026 (5:00 p.m. IST)
  • All resolutions were passed with requisite majority
  • The voting process complied with Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014

Additional Information

This intimation has been uploaded on the Company's website at https://www.mahindra.com and copied to Luxembourg Stock Exchange and London Stock Exchange Plc.

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