Key Details
- The disclosure is made in compliance with the undertaking given to the exchanges at the time of listing of shares allotted to Mahindra & Mahindra Employees' Stock Option Trust.
- Shares were transferred by the Trust to stock option grantees on 22nd September 2026.
- The transfer was made pursuant to the exercise of stock options granted under the Company's Employees' Stock Option Scheme.
- The document was signed by Sailesh Kumar Daga, Company Secretary (FCS: 4164).
Quantitative Information
- Total number of equity shares transferred: 62,542 shares
- Total number of grantees: 3,682 employees
- The share transfers ranged from 1 to 15,879 shares per grantee
- Notable allocations include: Hemant Sikka (15,879 shares), Ruzbeh Irani (11,846 shares), Ashley Thomas (345 shares), and Vinod Sahay (1,500 shares)
Document Structure
The disclosure consists of a cover letter addressed to National Stock Exchange of India Ltd and BSE Limited, with Annexure I containing the complete list of grantees and their respective share allocations.
Additional Recipients
The communication was also sent to Luxembourg Stock Exchange and London Stock Exchange Plc, referencing ISIN: USY541641194.
Financial Impact
While the document confirms the transfer of 62,542 shares, it does not quantify the financial impact of this transaction in monetary terms.
Capital Structure Impact
The transfer represents a movement of shares from the Trust to individual employees, resulting in direct share ownership by employees rather than through the Trust structure.
#Mahindra&Mahindra #ESOP #SEBIDisclosure #RegulatoryCompliance #CapitalStructureUpdate