Mahindra & Mahindra Limited has made a regulatory disclosure regarding the transfer of equity shares from its Employees' Stock Option Trust to stock option grantees. The disclosure is made in compliance with the undertaking given to the exchanges at the time of listing of shares that were allotted to the Mahindra & Mahindra Employees' Stock Option Trust.

Transaction Details

  • Transfer Date: 12th June 2026
  • Total Shares Transferred: 74,164 equity shares
  • Purpose: Pursuant to the exercise of Stock Options granted under the Company's Employees' Stock Option Scheme
  • Number of Grantees: 39 employees

Key Allocations

The share transfer was made to the following grantees with significant allocations:

  • R. Velusamy: 32,834 shares (largest allocation)
  • Rajesh Jejurikar: 20,000 shares
  • A. Thakur: 2,101 shares
  • Hemant Raibagkar: 3,009 shares
  • Rohit Thakur: 3,437 shares
  • Binoy Paul: 2,000 shares

Complete List of Grantees and Allocations

1. Kartik Ramasubramanian: 25 shares

2. Uday Vartak: 115 shares

3. Kashinath Vaishnav: 150 shares

4. Atul Karkhanis: 721 shares

5. Bharat Patil: 342 shares

6. Sadashiv Wagle: 682 shares

7. S M Kamat: 355 shares

8. Nitin More: 300 shares

9. M S Parab: 500 shares

10. A. Thakur: 2,101 shares

11. Nagendra Pansare: 589 shares

12. Dinesh Kurup: 982 shares

13. Rahul Chemburkar: 600 shares

14. Rajesh Jejurikar: 20,000 shares

15. Mukund Paranjape: 250 shares

16. R. Velusamy: 32,834 shares

17. Hemant Raibagkar: 3,009 shares

18. R Ramaprabhu: 750 shares

19. R Siva Subramanian: 128 shares

20. Sunil Gursahani: 100 shares

21. Pratyush Bose: 227 shares

22. Ashish Agarwal: 50 shares

23. Swaroop Keskar: 200 shares

24. Giri Prasad Babu Chilakaraju: 186 shares

25. Reuben Siqueira: 84 shares

26. Shekhar Karanjikar: 222 shares

27. Digambar Gawas: 88 shares

28. Suresh Kumar S: 132 shares

29. Prasad Pathak: 132 shares

30. Rajvimal Agarwal: 300 shares

31. Praveen Bansode: 599 shares

32. Vimalathithan Murukesan: 350 shares

33. Chetan Patole: 150 shares

34. Ashpak Ali Kasimsab Kittur: 168 shares

35. Abhijit Kunte: 100 shares

36. [Name not provided in sequence]: [Shares not provided]

37. Binoy Paul: 2,000 shares

38. Anoop Kachhara: 906 shares

39. Rohit Thakur: 3,437 shares

Additional Recipients

The disclosure was also circulated to Luxembourg Stock Exchange and London Stock Exchange Plc, referencing ISIN: USY541641194.

Financial Impact

Financial impact not quantified in the disclosure. The transaction represents routine ESOP exercise and share transfer activity.

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