Mahindra & Mahindra Ltd

PAN of any director would not be displayed on the website of Stock Exchange. Category of directors means executive/non-executive/independent/Nominee. If a director fits into more than one category write all categories separating them with hyphen. to be filled only for Independent Director. Tenure would mean total period from which Independent director is serving on Board of directors of the listed entity in continuity without any cooling off period. Notes: Tenure has been calculated for Independent Directors currently serving on the Board of Directors of the Company in number of months and days from the date of their respective appointment, post the commencement of the Companies Act, 2013, up to 31st March 2026. Includes all categories of Directorships held in listed entities. The Committee Membership count will include the count in which the Director is Committee Chairperson. Mr. Anand Gopal Mahindra transitioned to the role of Non-Executive Chairman of the Company with effect from 12th November 2021 upon completion of his tenure as the Executive Chairman of the Company, as approved by the Shareholders at the 71st Annual General Meeting of the Company held on 4th August 2017. Further, Mr. Anand Gopal Mahindra being a Promoter of the Company, is categorised as Chairperson related to the Promoter in the XBRL filing. The Shareholders of the Company, at the Seventy Eighth Annual General Meeting held on 31st July 2024, basis the recommendation of the Board of Directors, approved re-appointment of Dr. Anish Shah as the Managing Director and Chief Executive Officer designated as Group CEO and Managing Director of the Company with effect from 1st April 2025 to 31st March 2030 (both days inclusive), liable to retire by rotation and re-appointment of Mr. Rajesh Jejurikar as a Whole Time Director designated as Executive Director and CEO (Auto and Farm Sector) of the Company, for a period commencing from 1st April 2025 to 24th June 2029 (both days inclusive), liable to retire by rotation. Ms. Nisaba Godrej and Mr. M M Muthiah were appointed by the Shareholders at the 75th Annual General Meeting held on 6th August 2021 as Independent and Non-Executive Directors to hold office for a term of 5 (five) consecutive years commencing from 8th August 2020 to 7th August 2025 (both days inclusive). They were subsequently re-appointed as Independent Directors of the Company for a second term of 5 (five) consecutive years commencing from 8th August 2025 to 7th August 2030 (both days inclusive) as approved by the Shareholders at the 79th Annual General Meeting of the Company held on 31st July 2025. Ms. Shikha Sanjaya Sharma was appointed for a first term of 5 (five) consecutive years on the Board of the Company commencing from 8th August 2019 to 7th August 2024. She was subsequently re-appointed as an Independent Director of the Company for a second term of 5 (five) consecutive years commencing from 8th August 2024 to 7th August 2029 (both days inclusive) as approved by the Shareholders at the 78th Annual General Meeting of the Company held on 31st July 2024. The Shareholders of the Company at the 78th Annual General Meeting of the Company held on 31st July 2024 and pursuant to the recommendation of Board of Directors of the Company, approved the appointment of Ms. Padmasree Warrior as Independent and Non-Executive Director for a term of 5 (five) consecutive years from 17th May 2024 upto 16th May 2029 (both days inclusive), Mr. Ranjan Pant as Non-Executive and Non-Independent Director with effect from 17th May 2024 and Mr. Sat Pal Bhanoo as Non-Executive and Non- Independent Director representing LIC with effect from 17th May 2024. The Shareholders of the Company through the resolutions passed by way of Postal Ballot on 26th November 2025 and pursuant to the recommendation of Board of Directors of the Company, approved the appointment of Ms. Samina Hamied and Mr. Muthu Raju Paravasa Raju Vijay Kumar as Independent and Non-Executive Directors for a term of 5 (five) consecutive years from 7th October 2025 to 6th October 2030 (both days inclusive).

Category of directors means executive/non-executive/independent/Nominee. if a director fits into more than one category write all categories separating them with hyphen. Mr Muthu Raju Paravasa Raju Vijay Kumar was inducted as a Member and Chairperson of the Audit Committee with effect from 7th October 2025 and as a Member of the Risk Management Committee with effect from 11th February 2026. Ms. Shikha Sharma was elevated as Chairperson on the Governance, Nomination and Remuneration Committee and Risk Management Committee with effect from 7th October 2025. Mr. M M Muthiah was inducted as a Member of the Governance, Nomination and Remuneration Committee with effect from 7th October 2025. He was appointed as Chairperson of the Stakeholders Relationship Committee with effect from 8th August 2024. Ms. Samina Hamied was inducted as a Member of the Risk Management Committee with effect from 7th October 2025 and as a Member of the Governance, Nomination and Remuneration Committee with effect from 11th February 2026.

This information has to be mandatorily given for Audit Committee and Risk Management Committee, for rest of the committees giving this information is optional. All Members of the Risk Management Committee are Board Members. The last Risk Management Committee Meeting was held on 30-07-2025.

The Company sold its entire stake held in Blue Planet Integrated Waste Solutions Private Limited. Further investments through the subscription of shares, consequent to which the percentage holdings remain unchanged. Note i. Date of Allotment is considered as date of Acquisition Note ii. Only the Companys standalone shareholding is considered Note iii. For the date of Sale of Stake, the Company has taken the actual date of Sale Note iv. For date of Dilution of Stake, the Company has taken the date of Allotment to other parties.

The Assessing Officer in Order giving effect to ITAT order decided the issues set aside in favour of the Company and hence, the appeal filed before Hon'ble Bombay High Court was withdrawn by the Company. The Hon’ble High Court of Bombay vide its Order dated 11th March 2026, has dismissed the appeal as withdrawn.

The Company had filed an appeal before the Hon’ble High Court of Bombay against an order passed by the Income Tax Appellant Tribunal (ITAT) on certain disallowances and additions set aside to Assessing Officer pertaining to the erstwhile Mahindra Trucks and Buses Limited (since merged with Mahindra Two Wheelers Limited which in turn merged with the Company) for Assessment Year 2013-14.

The Company has received orders dated 24th March 2026 and 30th March 2026. Following points are forthcoming from these orders: (i) It has been mentioned that these inquiries were inspection proceedings rather than "search" proceedings. Accordingly, such inspection proceedings do not necessitate disclosure under SEBI Regulations. (ii) The issues covered by the inspection proceedings have been concluded and dropped in entirety in favor of the Company for FY 19-20 & FY 20-21. The Company is expecting similar outcome for future period under litigation as well.

An authorisation dated 26th December 2024, for initiating inspection / search proceedings u/s 67 of CGST Act, 2017 was issued by Additional Commissioner (ST), Intelligence-I (FAC), Chennai-6 on the Company. The same was shown to the Company’s officials on 27th December 2024 at around 12.15 p.m. wherein, the department have sought records related to below observations for the period F-19 till December, 2024 for conducting further inquiries: (i) Transactions relating to supply of goods or services including payment under Reverse Charge; (ii) Input Tax Credit claims by the Company.