Key Event Details
Pursuant to the allotment of additional equity shares by NDET on 17th October 2026 to its shareholders, including Mahindra & Mahindra Limited and its subsidiaries, the Company's aggregate stake in NDET has been reduced from 72.07% to 49.63% of NDET's post-allotment equity share capital.
Corporate Structure Impact
As a result of this dilution, NDET has ceased to be a step-down subsidiary of Mahindra & Mahindra Limited effective 17th October 2026.
Additional Information
The document is digitally signed by Sailesh Kumar Daga, Company Secretary (FCS: 4164) of Mahindra & Mahindra Limited. Copies have been forwarded to Luxembourg Stock Exchange and London Stock Exchange Plc, referencing ISIN: USY541641194.
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