Date: 30th September 2026
Regulatory Compliance Disclosure
Mahindra & Mahindra Limited has filed this disclosure in compliance with the undertaking given to the Exchanges at the time of listing of shares that were allotted to Mahindra & Mahindra Employees' Stock Option Trust ("the Trust").
The document serves to notify the transfer of equity shares by the Trust to stock option grantees on 30th September 2026, pursuant to the exercise of Stock Options granted under the Company's Employees' Stock Option Scheme.
Share Transfer Details
Total Equity Shares Transferred: 57,818 shares
Transfer Date: 30th September 2026
Number of Grantees: 3,802 employees
Share Allocation Range: Individual allocations range from 1 share to 3,780 shares per grantee
Notable Large Allocations:
- Harish Chavan: 3,780 shares
- Satish Karandikar: 2,210 shares
- Hoshedar Havewala: 1,750 shares
- Agha Husain: 355 shares
- Several employees received between 250-1,000 shares
The majority of employees (approximately 2,500+) received allocations between 5-11 shares each, with the most common allocation being 8-9 shares per employee.
Document Certification
The document is digitally signed by Sailesh Kumar Daga, Company Secretary (FCS: 4164) of Mahindra & Mahindra Limited, with signature timestamp: 2026.09.30 23:11:16 +05'30'.
Distribution
The announcement was made to:
- National Stock Exchange of India Ltd
- BSE Limited
- Luxembourg Stock Exchange
- London Stock Exchange Plc
ISIN referenced: USY541641194
No material disclosures under the following sections:
- Financial Results
- Dividend Declaration
- Board Meeting Outcomes
- Auditor's Report
- Disinvestment / Strategic Actions
- Media Release / Investor Communication
- Other Operational / Legal / Strategic Disclosures