Mahindra & Mahindra Ltd.

Mahindra Towers, Dr. G. M. Bhosale Marg, Worli, Mumbai 400 018 India

Tel: +91 22 2490 1441 Fax: +91 22 2490 0833 www.mahindra.com

2 nd May, 2025

National Stock Exchange of India Ltd., Exchange Plaza, 5th Floor, Plot No.C/1, G Block, Bandra-Kurla-Complex, Bandra (East), Mumbai – 400 051.

The Luxembourg Stock Exchange 35A Boulevard Joseph II, L-1840 Luxembourg.

BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai 400001.

London Stock Exchange Plc 10 Paternoster Square London EC4M 7LS.

Sub: Intimation by Mahindra & Mahindra Financial Services Limited, a listed subsidiary of the Company ("MMFSL"), under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("LODR") regarding Outcome of its Board Meeting

We refer to our earlier intimation dated 13th February, 2025, wherein we had intimated that the Board of Directors of MMFSL at their meeting held on 13th February 2025, had inter-alia considered and approved the fund raising by way of offer and issuance of fully paid-up equity shares of MMFSL of face value of 2/- each (the "Equity Shares") for an amount not exceeding Rs. 3,000 Crores by way of a rights issue ("Rights Issue") to the eligible equity shareholders of MMFSL, to primarily maintain a strong capital adequacy ratio keeping in mind MMFSL's growth plans to augment its Assets Under Management (AUM).

Subsequent to the above, SEBI has vide its notification dated 3rd March, 2025 issued SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2025 ("New Simplified Regulations") wherein it has simplified the rights issue process thereby making it time, process and cost efficient. The New Simplified Regulations are applicable to Rights issues that are approved by Board of the Issuer after coming into force of the New Simplified Regulations. i.e. 8th April 2025. To pursue the proposed Right Issue under the New Simplified Regulations, MMFSL has obtained fresh Board approval for the Right Issue approved by the Board on 13th February 2025 with no change in issue size.

The Board of MMFSL has today i.e. on 2nd May, 2025, superseded the Right issue approval granted on 13th February, 2025 and via a fresh resolution effective immediately, approved fund raise for an amount not exceeding Rs. 3,000 Crores by way of a Rights Issue.

This is to clarify that the resolution approved by the Board of MMFSL is not for any additional offer and issuance of Equity Shares but only a fresh approval for the same matter which was announced on 13th February, 2025 for reasons as stated above.

The intimation received by the Company from MMFSL at 03:01 p.m. is given as Annexure – I to this letter.

In connection with the above, Mahindra & Mahindra Limited ("the Company" or "M&M") had already intimated that the Board of Directors of the Company at its Meeting held on 20th February, 2025, had accorded its approval, subject to compliance with applicable laws to the following:

➢ To subscribe to the Equity Shares of MMFSL to the full extent of the Company's Rights Entitlement; and
➢ To subscribe to Additional Shares as well as to any Unsubscribed portion of the Rights Issue(s) upto the total issue size;

and had further delegated the authority to certain Principal Officers of the Company inter alia to take a final decision with respect to the Investment in the aforesaid Rights Issue(s) upon receipt of intimation from MMFSL regarding the terms and conditions of the respective Rights Issue(s) including the Issue Price.

The decision of Board of M&M passed on 20th February, 2025 with respect to investment in the Proposed Rights Issue of MMFSL as mentioned above, remains valid and effective as on date.

The details as required under LODR read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024 (as amended) were already disclosed in our letter dated 20th February, 2025 enclosed as Annexure-II to this letter. This intimation is also being uploaded on the Company's website at https://www.mahindra.com

Yours faithfully, For MAHINDRA & MAHINDRA LIMITED

DIVYA LIGORY MASCARENHAS Digitally signed by DIVYA LIGORY MASCARENHAS Date: 2025.05.02 15:23:00 +05'30'

DIVYA MASCARENHAS INTERIM COMPANY SECRETARY Encl: a/a

Annexure I

To, BSE Limited (Scrip Code: 532720) Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001.

National Stock Exchange of India Ltd. (Symbol: M&MFIN) Exchange Plaza, 5th Floor, Plot No. C/1, "G" Block, Bandra - Kurla Complex, Bandra (East), Mumbai - 400 051.

Dear Sirs/ Madam,

Sub.: Intimation pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended - Outcome of the Board Meeting held on 2nd May 2025.

____________________________________________________________________________________

References:

1. Right Issue announcement and Press Release dated 13 February 2025 (enclosed)
1. Pre- board meet intimation dated 28th April 2025, (enclosed).

Dear Sir / Madam,

This is in furtherance to our earlier intimations as under:

1. Vide our intimation dated 13 February 2025 (enclosed), the Company had informed that the Board of Directors at their meeting held on the same date, had inter-alia considered and approved the fund raising by way of offer and issuance of fully paid-up equity shares of the Company of face value of 2/- for an amount not exceeding Rs. 3,000 to the eligible equity shareholders of the Company, to growth plans to augment its Assets Under Management (AUM). No announcements with respect to Record date, Pricing, ratio etc have been made since the said announcement.
1. Vide our intimation dated 28th April 2025, the Company had informed that to pursue the proposed Right Issue under SEBI ( Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2025 dated 3rd which have considerably simplified the Rights issue process thereby making it time, process and cost efficient, it is proposed to seek fresh Board approval for the Right Issue approved by the Board on 13th February 2025 with no change in issue size.

Outcome of the Board Meeting held today i.e. on 2nd May 2025.

Further to the above, w its meeting held today i.e. on 2nd May 2025, has inter-alia superseded the Right issue approval granted on 13th February 2025 and via a fresh resolution effective immediately, approved fund raise by way of offer and issuance of fully paid-up equity shares of the Company of face value of 2/- each (the for an amount not exceeding Rs. 3,000 Crore (Rupees Three Thousand Crore) by way of a rights issue date (to be determined and notified subsequently), in accordance with applicable laws including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, along with the relevant circulars issued by the SEBI subject to such regulatory and statutory approvals, as may be required under the applicable laws. This fund raising is primarily to Assets Under Management (AUM).

This is to clarify that the resolution approved today by the Board is not for any additional offer and issuance of Equity Shares but only a fresh approval for the same matter which was announced on 13th February 2025.

The rationale for Right Issue as stated in Press release dated 13th February 2025 (enclosed) remains the same. Updated Press Release being issued in this regard, is enclosed herewith.

Further, the Board or the Rights Issue Committee of the Board will, inter-alia, decide the terms and conditions of the Rights Issue, including but not limited to the determination of the Issue price, Rights Entitlement ratio, record date, timing of the Rights Issue and terms of payment and other related matters.

The meeting of the Board commenced at 2.04 p.m. (IST) and concluded at 2.25 p.m. (IST).

This disclosure is made in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November 2024 as amended/updated from time to time, and other applicable provisions of SEBI LODR.

https://www.mahindrafinance.com/investor-relations/financial-information#outcome-of-boardmeeting.

You are requested to kindly take the above information on record.

Thanking you, Yours faithfully, For Mahindra & Mahindra Financial Services Limited.

Brijbala Batwal Company Secretary FCS: 5220

PRESS RELEASE

MMFSL Rights Issue to raise up to INR 3,000 Crore of primary capital

Mumbai, 2nd May,2025: The Board of Directors of Mahindra & Mahindra Financial Services Limited (MMFSL), a leading provider of financial services in Emerging India, had on 13th February 2025 approved fund raise of up to INR 3,000 Crore by way of Rights Issue to eligible shareholders of the Company. Subsequent, SEBI has issued SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2025 wherein it has considerably simplified the Rights issue process thereby making it time, process and cost efficient. Accordingly, to avail benefits of the same, the Board of Directors of MMFSL at its meeting held today have passed a fresh resolution to approve fund raise of up to INR 3,000 Crore by way of Rights Issue under the simplified rights issue process.

Key Points:

MMFSL has demonstrated strong growth in its Secured Asset portfolio (AUM CAGR 20 %*).
The business remains committed to asset quality as demonstrated by its GS3 staying below 4% throughout F25. Consequently, Credit Cost also have been below 2%.
As MMFSL looks towards the future, domestic consumption growth.
As a leading AAA rated NBFC financier for Emerging India, MMFSL expects to benefit from India s growth through its well-diversified product offering.
In line with its philosophy of high-quality Asset growth backed by a strong balance sheet, MMFSL is planning a Rights Issue of up to INR 3,000 Crore to augment its Tier 1 capital.
This Capital raise will enhance Tier 1 Capital by more than 200 bps enabling C growth aspirations for next few years.

*Note: last 24 months

About Mahindra & Mahindra Financial Services Limited

Mahindra & Mahindra Financial Services Limited (MMFSL), part of the Mahindra Group, is one -banking finance companies. Focused on the rural and semi-urban sector, the Company has over 10 million customers and has an AUM of over USD 14.1 Billion. The Company is a leading vehicle and tractor financier, provides loans to SMEs and also offers fixed deposits. The Company has 1,365 offices and reaches out to customers spread over 4,80,000 villages and 8,000 towns across the country, transforming more than 1 crore lives.

Learn more about Mahindra Finance on www.mahindrafinance.com / Twitter and Facebook: @MahindraFin

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in renewable energy, agriculture, logistics, hospitality and real estate.

The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room

Media Contact:

Mohan Nair Head Communications Mahindra & Mahindra Financial Services Limited E-mail: [email protected] Mobile #: +91 9004012237

mahindra FINANCE

Mahindra & Mahindra

Financial Services Ltd. Mahindra Towers, 3rd Floor, Dr. G. M. Bhosale Marg. Worli, Mumbai - 400 018, India.

Tel: +91 22 66526000

28^th April 2025

To, BSE Limited (Scrip Code: 532720) Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001.

National Stock Exchange of India Ltd. (Symbol: M&MFIN) Exchange Plaza, 5^th Floor, Plot No. C/1, "G" Block, Bandra - Kurla Complex, Bandra (East), Mumbai - 400 051.

Dear Sir/Madam.

Sub: Intimation of Board Meeting- pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ref: Our announcement dated 13th February 2025 (enclosed)

The Company vide its announcement as referenced in caption had informed that the Board of Directors of the Company ("Board") at their meeting held on 13^th February 2025, had inter-alia considered and approved the fund raising by way of offer and issuance of fully paid-up equity shares of the Company of face value of 2/- each (the "Equity Shares") for an amount not exceeding Rs. 3,000 Crore by way of a rights issue ("Rights Issue") to the eligible equity shareholders of the Company, to primarily maintain a strong capital adequacy ratio keeping in mind Company's growth plans to augment its Assets Under Management (AUM).

Subsequent to the above, SEBI has vide its notification dated 3^rd March 2025 issued SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2025 ("New Simplified Regulations") wherein it has simplified the Rights issue process thereby making it time, process and cost efficient. The New Simplified Regulations would be applicable to Rights issues that are approved by Board of the Issuer after coming into force of the New Simplified Regulations. i.e. 8^th April 2025. To pursue the proposed Right Issue under the New Simplified Regulations, it is proposed to seek fresh Board approval for the Right Issue approved by the Board on 13^th February 2025 with no change in issue size.

Consequent to the above, and in compliance with Regulation 29(1)(d) and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we hereby inform you that a meeting of the Board of Mahindra & Mahindra Financial Services Limited ("the Company/ MMFSL") is scheduled to be held on Friday, $2^{nd}$ May 2025, to inter-alia, consider the proposal to supersede the Right issue approval granted on 13^th February 2025 and pass a fresh resolution re-approving the same proposal i.e. fund raising by way of offer and issuance of fully paidup equity shares of the Company of face value of 2/- each (the "Equity Shares") for an amount not exceeding Rs. 3,000 Crore (same issue size as the earlier approval) by way of a rights issue to the eligible equity shareholders of the Company, to avail the benefit and pursue the proposed Right Issue under the New Simplified Regulations, as may be permitted under applicable laws and subject to receipt of regulatory/ necessary approvals, as may be required.

mahindra FINANCE

Page 2

This is to clarify that the proposal before the Board is not for considering any additional offer and issuance of Equity Shares, but only a fresh approval for the same matter which was announced on 13^th February 2025 for reasons as stated in this letter.

This intimation is also being uploaded on the Company's website at: https://www.mahindrafinance.com/investor-relations/financial-information#board-meeting-notices

We request you to take the same on record.

FCS No.: 5220

Thanking you, For Mahindra & Mahindra Financial Services Limited. BRIJBALA BRIJBALA BRUBALA BRUBALA
MOHANLA BATWAL
L BATWAL Date: 2025.04.28 Brijbala Batwal Company Secretary

$\overline{1}$

Mahindra FINANCE

Mahindra & Mahindra

Financial Services Ltd. Mahindra Towers, 3rd Floor, Dr. G. M. Bhosale Marg. Worli, Mumbai - 400 018, India.

Tel: +91 22 66526000

13^th February, 2025

To BSE Limited (Scrip Code: 532720) Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001.

National Stock Exchange of India Ltd. (Symbol: M&MFIN) Exchange Plaza, 5^th Floor, Plot No. C/1, "G" Block, Bandra - Kurla Complex, Bandra (East), Mumbai - 400 051.

Sub.: Intimation pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended - Outcome of the Board Meeting held on 13^th February 2025

Dear Sir / Madam,

In furtherance to our intimation dated 10^th February 2025, we hereby inform you that the Board of Directors of the Company ("Board"), at its meeting held today i.e. on 13^th February 2025, has interalia considered and approved fund raising by way of offer and issuance of fully paid-up equity shares of the Company of face value of 2/- each (the "Equity Shares") for an amount not exceeding Rs. 3,000 Crore (Rupees Three Thousand Crore) by way of a rights issue ("Rights Issue") to the eligible equity shareholders of the Company as on the record date (to be determined and notified subsequently), in accordance with applicable laws including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, along with the relevant circulars issued by the SEBI subject to such regulatory and statutory approvals, as may be required under the applicable laws. This fund raising is primarily to maintain a strong capital adequacy ratio keeping in mind Company's growth plans to augment its Assets Under Management (AUM).

Further, the Board or the Rights Issue Committee of the Board will, inter-alia, decide the terms and conditions of the Rights Issue, including but not limited to the appointment of intermediaries, determination of the issue price, Rights entitlement ratio, record date, timing of the rights issue and terms of payment and other related matters.

Press release being issued in this regard is enclosed herewith.

The meeting of the Board commenced at 10:02 a.m. (IST) and concluded at 11:10 a.m. (IST).

mahindra FINANCE

This disclosure is made in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR") read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11^th November 2024 as amended/updated from time to time, and other applicable provisions of SEBI LODR.

This intimation is also being uploaded on the Company's website at: https://www.mahindrafinance.com/investor-relations/financial-information#outcome-of-boardmeeting.

You are requested to kindly take the above information on record.

Thanking you,

Yours faithfully, For Mahindra & Mahindra Financial Services Limited. BRIJBALA Digitally signed by
MOHANLA BRIJBALA
L BATWAL DAMLAL BATWAL
L BATWAL 11:25:39 +05'30' Brijbala Batwal

Company Secretary FCS: 5220

$\hat{L}$

PRESS RELEASE

MMFSL Rights Issue to raise up to INR 3,000 Crore of primary capital

Mumbai, February 13^th, 2025: The Board of Directors of Mahindra & Mahindra Financial Services Limited (MMFSL), a leading provider of financial services in Emerging India, at its meeting held today, have approved fund raise of up to INR 3,000 Crore by the way of Rights Issue to eligible shareholders of the Company.

Key Points:

MMFSL has demonstrated strong growth in its Secured Asset portfolio (AUM CAGR 21 %*).
The business remains committed to asset quality as demonstrated by its GS3 staying below 4% throughout F25, Consequently, Credit Cost also have been below 2%.
As MMFSL looks towards the future, it sees tremendous growth opportunity tied to India's domestic consumption growth.
As a leading AAA rated NBFC financier for Emerging India, MMFSL expects to benefit from $\bullet$ India's growth through its well-diversified product offering.
In line with its philosophy of high-quality Asset growth backed by a strong balance sheet, $\bullet$ MMFSL is planning a Rights Issue of up to INR 3,000 Crore to augment its Tier 1 capital.
This Capital raise will enhance Tier 1 Capital by more than 200 bps enabling Company's $\bullet$ growth aspirations for next few years.

*Note: last 21 months

About Mahindra & Mahindra Financial Services Limited

Mahindra & Mahindra Financial Services Limited (MMFSL), part of the Mahindra Group, is one of India's leading non-banking finance companies. Focused on the rural and semi-urban sector, the Company has over 10 million customers and has an AUM of over USD 13.7 Billion. The Company is a leading vehicle and tractor financier, provides loans to SMEs and also offers fixed deposits. The Company has 1,375 offices and reaches out to customers spread over 4,80,000 villages and 8,000 towns across the country, transforming more than 1 crore lives.

Learn more about Mahindra Finance on www.mahindrafinance.com / Twitter and Facebook: @MahindraFin

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world's largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room

Media Contact:

Mohan Nair Head - Communications Mahindra & Mahindra Financial Services Limited E-mail: [email protected] Mobile #: +91 9004012237

Annexure - II

Mahindra & Mahindra Ltd.

Mahindra Towers, Dr. G. M. Bhosale Marg, Worli, Mumbai 400 018 India

Tel: +91 22 2490 1441 Fax: +91 22 2490 0833 www.mahindra.com

REF: NS:SEC: 20th February, 2025

National Stock Exchange of India Limited "Exchange Plaza", 5 th Floor, Plot No.C/1, ^G Block Bandra-Kurla Complex Bandra (East), Mumbai 400051. BSE Limited

The Luxembourg Stock Exchange 35A Boulevard Joseph II, L-1840 Luxembourg. London Stock Exchange Plc

Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai 400001.

10 Paternoster Square

London EC4M 7LS. Dear Sir(s) / Madam, Sub: Intimation under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Investment in the Proposed Rights Issue of Listed Subsidiaries of the Company viz. We refer to our letters dated 13th February, 2025, intimating the Stock Exchanges about the following: of the Company ("MMFSL") for fund raising of an amount not exceeding Rs. 3,000 Crores (Rupees Three Thousand Crores) through a Rights Issue of Equity Shares; and held today has accorded its approval, subject to compliance with applicable laws to the following: Entitlement; and To subscribe to Additional Shares as well as to any Unsubscribed portion of the Rights Issue(s) upto the total
Mahindra & Mahindra Financial Services Limited; and
Mahindra Lifespace Developers Limited
Approval by the Board of Directors of Mahindra & Mahindra Financial Services Limited, a listed subsidiary
Approval by the Board of Directors of Mahindra Lifespace Developers Limited, a listed subsidiary of the Company ("MLDL") for fund raising of an amount not exceeding Rs. 1,500 Crores (Rupees One Thousand Five Hundred Crores) through a Rights Issue of Equity Shares. decision with respect to the Investment in the aforesaid Rights Issue(s) upon receipt of intimation from MMFSL and MLDL regarding the terms and conditions of the respective Rights Issue(s) including the Issue Price. The Board Meeting concluded at 7.30 p.m.

In furtherance to the above, we wish to inform you that the Board of Directors of the Company at its Meeting

To subscribe to the Equity Shares of MMFSL and MLDL
issue size;

and has further delegated the authority to certain Principal Officers of the Company to take a final

https://www.mahindra.com

The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024, are given in Annexure A to this letter.

Yours faithfully, For MAHINDRA & MAHINDRA LIMITED

NARAYAN SHANKAR COMPANY SECRETARY Encl. as above

Mahindra & Mahindra Ltd.

Mahindra Towers, Dr. G. M. Bhosale Marg, Worli, Mumbai 400 018 India

Tel: +91 22 2490 1441 Fax: +91 22 2490 0833 www.mahindra.com

Annexure A

Sr. No.	Details of Events that need to be provided	Investment in the Proposed Rights Issue of Mahindra & Mahindra Financial Services Limited	Investment in the Proposed Rights Issue of Mahindra Lifespace Developers Limited
a)	Name of the target entity, details in brief such as size, turnover etc.;	Mahindra & Mahindra Financial Services Limited -banking finance companies. The Standalone and Consolidated Revenue from Operations of MMFSL for the year ended 31st March 2024 was Rs. 13,404 Crore and Rs. 15,797 Crore respectively. The Standalone and Consolidated Net Worth of MMFSL as on 31st March 2024 was Rs. 18,157 Crore and Rs. 19,933 Crore respectively.	is engaged in real estate development. Along with its subsidiary companies and joint ventures (JVs), MLDL is engaged in developing residential projects as well as industrial developments integrated cities and industrial clusters. The Standalone and Consolidated Revenue from Operations of MLDL for the year ended 31st March 2024 was Rs. 18.69 Crore and Rs. 212.09 Crore respectively. The Standalone and Consolidated Net Worth of MLDL as on 31st March 2024 was Rs. 1,541.60 Crore
b)	whether the acquisition would fall within related party transaction(s) and	MMFSL is a subsidiary of the Company and as such a Related Party of the Company.	and Rs. 1,789.84 Crore respectively. MLDL is a subsidiary of the Company and as such a Related Party of the Company.
	whether the promoter/ promoter group/group companies have any interest in the entity being acquired?	The investment by the Company in proposed Rights Issue of MMFSL does not fall within the ambit of Related Party Transactions as per LODR. None of the Promoter / Promoter group / Group	The investment by the Company in proposed Rights Issue of MLDL does not fall within the ambit of Related Party Transactions as per LODR. None of the Promoter / Promoter group / Group
	If yes, nature of interest and details thereof and whether	companies have any interest in MMFSL, except to the extent of shares held in MMFSL.	companies have any interest in MLDL, except to the extent of shares held in MLDL.
c)	industry to which the entity being acquired belongs;	Non-Banking Financial Services	Real Estate
d)	objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity)	Investment in Proposed Rights Issue	Investment in Proposed Rights Issue
e)	brief details of any governmental or regulatory approvals required for the acquisition;	Not Applicable	Not Applicable
f)	indicative time period for completion of the acquisition;	The indicative time period for completion of the acquisition would depend on the timeline of proposed Rights Issue of MMFSL.	The indicative time period for completion of the acquisition would depend on the timeline of proposed Rights Issue of MLDL.
g)	consideration - whether cash consideration or share swap and any other form and details of the same;	Cash	Cash
h)	cost of acquisition and/or the price at which the shares are acquired;	The Board of Directors of the Company at its Meeting held today has accorded its approval, subject to compliance with applicable laws to the following: To subscribe to the Equity Shares of MMFSL Entitlement; and To subscribe to Additional Shares as well as to any Unsubscribed portion of the Rights Issue(s) of MMFSL upto the total issue size i.e. Rs. 3,000 crores.	The Board of Directors of the Company at its Meeting held today has accorded its approval, subject to compliance with applicable laws to the following: To subscribe to the Equity Shares of MLDL to Entitlement; and To subscribe to Additional Shares as well as to any Unsubscribed portion of the Rights Issue(s) of MLDL upto the total issue size i.e. Rs. 1,500 crores.

Mahindra & Mahindra Ltd.

Mahindra Towers, Dr. G. M. Bhosale Marg, Worli, Mumbai 400 018 India Fax: +91 22 2490 0833

Tel: +91 22 2490 1441 www.mahindra.com

Sr. No.	Details of Events that need to be provided	Investment Mahindra &	in the Proposed Mahindra	Rights Issue of Financial Services Limited	Investment Mahindra	in the Proposed Lifespace	Rights Issue of Developers Limited
i)	percentage of shareholding/control acquired and/or number of shares acquired;	The required details would be available upon allotment of shares to the Company pursuant to Rights Issue of MMFSL.				The required details would be available upon allotment of shares to the Company pursuant to Rights Issue of MLDL.
j)	brief background about the -banking entity acquired in terms of finance companies. Focused on the rural and products/line of business semi-urban sector, MMFSL has over 10 million acquired, date of customer contracts since inception, and has incorporation, history of last Business Assets under Management (AUM) of Rs. 3 years turnover, country in 115,126 Crores (Dec 2024). which the acquired entity has presence and any other MMFSL primarily operates in the business of significant information (in financing purchase of new and pre-owned auto brief) and utility vehicles, tractors, cars, CV/ CE and SME Financing, as well as serving the investment and insurance needs of its customers. MMFSL has 1,375 offices across 27 states and 7					MLDL is engaged in real estate development. sq. ft. (saleable area) of completed, ongoing and forthcoming residential projects across 7 Indian cities; and a gross area of over 5000 acres of ongoing and forthcoming projects under development / management at its integrated developments / industrial clusters across four cities. residential projects; value homes under the respectively. MLDL is the recipient of over 90 awards for its projects and ESG initiatives. Date of Incorporation: 16th March, 1999 Turnover of last 3 Years: (Rs. in Crore)
		union territories and has served customers in
	Date of Incorporation: 1st January, 1991 Turnover of last 3 Years: (Rs. in Crore)
		Particulars	Standalone	Consolidated	Particulars	Standalone	Consolidated
		FY2024	13,404	15,797	FY2024	18.69	212.09
		FY2023	10,929	12,700	FY2023	471.91	606.61
		FY2022	9,658	11,318	FY2022	252.81	393.55
		Country: India			Country:

AI assistant

Mahindra & Mahindra Ltd. Share Issue/Capital Change 2025

60223_rns_2025-05-02_af6a5c44-266f-452e-8021-7fd72bbc3bb6.pdf

Sub: Intimation by Mahindra & Mahindra Financial Services Limited, a listed subsidiary of the Company ("MMFSL"), under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("LODR") regarding Outcome of its Board Meeting

This is to clarify that the resolution approved by the Board of MMFSL is not for any additional offer and issuance of Equity Shares but only a fresh approval for the same matter which was announced on 13th February, 2025 for reasons as stated above.

The decision of Board of M&M passed on 20th February, 2025 with respect to investment in the Proposed Rights Issue of MMFSL as mentioned above, remains valid and effective as on date.

Yours faithfully, For MAHINDRA & MAHINDRA LIMITED

DIVYA MASCARENHAS INTERIM COMPANY SECRETARY Encl: a/a

Sub.: Intimation pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended - Outcome of the Board Meeting held on 2nd May 2025.

Outcome of the Board Meeting held today i.e. on 2nd May 2025.

This is to clarify that the resolution approved today by the Board is not for any additional offer and issuance of Equity Shares but only a fresh approval for the same matter which was announced on 13th February 2025.

PRESS RELEASE

MMFSL Rights Issue to raise up to INR 3,000 Crore of primary capital

Key Points:

About Mahindra & Mahindra Financial Services Limited

About Mahindra

Media Contact:

mahindra FINANCE

Mahindra & Mahindra

Sub: Intimation of Board Meeting- pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ref: Our announcement dated 13th February 2025 (enclosed)

mahindra FINANCE

Mahindra FINANCE

Mahindra & Mahindra