Mahindra & Mahindra Financial Services Limited (M&MFIN) announced on January 28, 2026, that its Board of Directors has granted in-principle approval to evaluate a proposal for the consolidation of Mahindra Rural Housing Finance Limited (MRHFL), a subsidiary in which M&MFIN holds a 98.43% stake, with M&MFIN itself. This consolidation would be structured as a merger by absorption. The management has been authorized to appoint consultants, advisors, and intermediaries to facilitate this evaluation process. The in-principle approval is contingent upon further evaluation by the Committee of Independent Directors and the Audit Committee of the Board, and their subsequent recommendations. Following the completion of this evaluation and consideration of the final consolidation plan by the Board, a further announcement in compliance with SEBI Listing Regulations will be made. The Board meeting where this decision was taken commenced at 2:00 p.m. (IST) and concluded at 5:05 p.m. (IST). This information is also available on the company's website at https://www.mahindrafinance.com/investor-relations/regulatory-filings.
