Mahindra & Mahindra Limited (M&M) announced the transfer of equity shares from the Mahindra & Mahindra Employees' Stock Option Trust to its Stock Option Grantees. This action complies with an undertaking given to the stock exchanges at the time of listing the shares allotted to the Trust.

The transfer, which took place on 14th January 2026, involved the exercise of stock options granted under the Company’s Employees’ Stock Option Scheme. A detailed list of the grantees and the number of options exercised by each has been provided as Annexure I.

Key individuals including Rajesh Jejurikar (6800 options), Ruzbeh Irani (19558 options), and Vinay Khanolkar (914 options) were among those who exercised their stock options. The total number of options exercised by all grantees amounted to 50,199.

The company has submitted these details to the National Stock Exchange of India Ltd., BSE Limited, The Luxembourg Stock Exchange, and the London Stock Exchange Plc.