Audited Standalone&Consolidated Financial Results

5^th May 2026

Sub: Outcome of Board Meeting of Mahindra & Mahindra Limited held on 5^th May 2026

Dear Sir/Ma'am,

This is to inform you that the Board of Directors of the Company at its Meeting held on 5^th May 2026, has inter alia, approved the following:

1.    Audited Standalone and Consolidated Financial Results of the Company for the fourth quarter and financial year ended 31^st March 2026;  

2.    Recommendation of a Dividend of Rs. 33 (660%) per Ordinary (Equity) Shares of the face value of Rs. 5 each for the financial year ended 31^st March 2026 (vis-à-vis Rs. 25.3 (506%) per Ordinary (Equity) Shares, declared for the previous financial year ended 31^st March 2025).

We have enclosed the following on the link below > under "Announcement" tab > with file name "Outcome of Board Meeting & Financial Results - 5^th May 2026"

Link: https://www.mahindra.com/investor-relations/regulatory-filings

(a)   Audited Standalone and Consolidated Financial Results of the Company for the fourth quarter and financial year ended 31^st March 2026, as approved by the Board of Directors today along with the Reports of the Statutory Auditors of the Company on the Audited Standalone and Consolidated Financial Results of the Company;

(b)   In compliance with the provisions of Regulation 33(3)(d) and 52(3)(a) of SEBI LODR Regulations, the Company hereby confirms and has enclosed the declaration that the Statutory Auditors, Messrs B S R & Co. LLP, Chartered Accountants, have issued the Audited Reports with unmodified opinion on the Audited Standalone and Consolidated Financial Results of the Company for the financial year ended 31^st March 2026.

(c)   Extract of the Audited Standalone and Consolidated Financial Results, in prescribed format, to be published in print and electronic versions of the newspapers containing a Quick Response code and the details of the webpage where the results can be accessed;

(d)   Details of Outstanding Qualified Borrowings and Incremental Qualified Borrowings for FY 2025-26 in terms of SEBI NCS Master Circular.

The Board at its Meeting held on 5^th May 2026 also approved the following: 

A.    Annual General Meeting ("AGM")

The 80^th Annual General Meeting ("AGM") of the Company will be held on Thursday, 30^th July 2026 at 3.00 p.m. Indian Standard Time through Video Conferencing/Other Audio Visual Means in accordance with the relevant circulars issued by Ministry of Corporate Affairs and Securities and Exchange Board of India.

     The Register of Members and Share Transfer Books of the Company will remain closed for payment of Dividend and AGM from Saturday, 4^th July 2026 to Thursday, 30^th July 2026 (both days inclusive) ("Book Closure Dates").

B.    Declaration of Dividend and Record Date 

Recommendation of Final Dividend of Rs. 33 (660%) per Ordinary (Equity) Shares of the face value of Rs. 5 each for the financial year ended 31^st March 2026.

The dividend for the financial year ended 31^st March 2026, as recommended by the Board of Directors and if approved and declared at the ensuing Annual General Meeting ("AGM") of the Company will be paid after Thursday, 30^th July 2026 within the stipulated timelines through electronic mode to those members or their mandates:

i.   In case of shares held in electronic mode - Whose names appear as Beneficial Owners as at the end of the business hours on Friday, 3^rd July 2026, being the Record Date for dividend, in the list of Beneficial Owners to be furnished by National Securities Depository Limited and Central Depository Services (India) Limited and

ii.  In case of shares held in physical mode - Whose names appear as Members in the Register of Members of the Company as at the end of the business hours on Friday, 3^rd July 2026, after giving effect to valid request(s) received for transmission/transposition of shares and lodged with the Company/ its Registrar & Share Transfer Agents on or before Friday, 3^rd July 2026.

The Record Date for Final Dividend shall be Friday, 3^rd July 2026.

C.    Seeking approval of the Shareholders at the ensuing AGM, inter alia, for:

i.   Payment of Remuneration to Mr. Anand G. Mahindra (DIN: 00004695), Non-Executive Chairman of the Company.

ii.  Material Related Party Transactions under Regulation 23 read with Regulation 2(1)(zc) and 2(1)(zb) of the SEBI LODR Regulations.

D.    Change in the Group Chief Internal Auditor of the Company  

The Board of Directors of the Company, took note/ approved the following, based on the recommendation of Audit Committee and Governance, Nomination and Remuneration Committee:

i.   Cessation of Mr. K N Vaidyanathan, as the Group Chief Internal Auditor, due to conclusion of his term as the Group Chief Internal Auditor of the Company with effect from closure of business hours on 30^th June 2026; and

ii.  Appointment of Mr. Vimal Agarwal as the Group Chief Internal Auditor of the Company and part of Senior Management ("SM") with effect from 1^st July 2026.

The Board of Directors of the Company, at its meeting held today, expressed heartfelt gratitude for the exceptional contributions of Mr. K N Vaidyanathan during his remarkable tenure with the Company. 

The Financial Results, Press Release and Investor Presentation can be accessed from the below-mentioned link:-

1.    Financials: - On the link below > under "Earnings Update" tab > with file name "Quarterly Result for Q4F26"

Link: https://www.mahindra.com/investor-relations/reports

2.    Press Release: - On the link below > under "Announcement" tab > with file name "Press Release Q4 F26"

Link: https://www.mahindra.com/investor-relations/reports 

3.    Investor Presentation: - On the link below > under "Earnings Update" tab > with file name "M&M Q4F26 Analyst Meet - Presentations deck - 5^th May 2026"

Link: https://www.mahindra.com/investor-relations/reports

Further, all the intimations made by the company during the quarter is available on the website of the company at: - https://www.mahindra.com/investor-relations/regulatory-filings

You are requested to kindly note the same.

For MAHINDRA & MAHINDRA LIMITED

Sd/-

Sailesh Kumar Daga

Company Secretary

FCS: 4164