5327202026-08-055327202026-08-052026-08-055327202026-08-052026-08-05AmalgamatedEntityDomain15327202026-08-05AmalgamatedEntityDomain15327202026-08-052026-08-05AmalgamatedEntityDomain25327202026-08-05AmalgamatedEntityDomain2xbrli:purexbrli:shares532720Mahindra & Mahindra Financial Services LimitedM&MFINNOTLISTEDINE774D01024NewAmalgamation/ Mergertrue2026-08-0510:35:002026-08-05 <BR> Mahindra & Mahindra Financial Services LimitedTransfereeListed Entity (self)As on 31st March 2026: -Paid-up capital- 277.91 Cr and Standalone Turnover- 18,445.59 cr7295825990.52496600011010.47483874600.0003138997116017295825990.52486600653790.47476715820.000513903195601Mahindra Rural Housing Finance LimitedTransferorSubsidiaryAs on 31st March 2026: -Paid-up capital- 122.63 Cr and Standalone Turnover- 1154.02 Cr1209526780.98433567370.002915784550.0128122887870100000000true2026-08-052026-08-04falsetrueThe promoters / promoter group / group companies / Directors / KMP / SMP and their respective relatives may be deemed to have interest only to the extent of their shareholding in the entities involved in the Scheme or to the extent they are partners, directors, members of the companies, firms, association of persons, body corporates and / or beneficiary of the trust that holds shares in the entities involved in the Scheme, as applicable.trueMahindra & Mahindra Financial Services Limited (MMFSL) is primarily engaged in financing new and pre-owned auto, utility vehicles, tractors, passenger cars and commercial vehicles through its pan India branch network and has a diversified lending portfolio across retail, small and medium enterprises and commercial customers with a significant presence in rural and semi-urban India. Mahindra Rural Housing Finance Limited (MRHFL) is a Housing Finance Company engaged in providing housing finance through its pan India branch network.The amalgamation of the Amalgamating Company with the Amalgamated Company pursuant to the Scheme of Merger would, inter-alia, have the following benefits: a.The Amalgamation will result in a single, stronger listed entity with enhanced scale, wider geographical reach, stronger capital and asset base, and unified ownership of the entire lending business in India under one roof. b.Integration of branch networks, technology platforms, collections, risk, and support functions will eliminate duplication, reduce audit and compliance costs, streamline regulatory processes, and optimize overheads, leading to sustainable operating efficiencies over the long term. c.Leveraging the Amalgamated Company’s mature risk architecture, compliance framework, internal audit systems, and advanced technology investments (LMS, LOS, analytics, AI, cloud, cybersecurity), the Amalgamation will benefit from stronger oversight, improved risk culture, and enhanced process discipline under a unified governance structure. d.Enabling cross-selling of housing finance and other credit products to a broader customer base, enhancing customer stickiness, diversification, and integrated financial solutions. As a single entity, customer data can be seamlessly utilized within the unified framework, enabling better analytics-driven growth. e.Facilitating integration of domain expertise across lending segments, promote knowledge sharing, and provide differentiated growth opportunities to Employees within a larger, more dynamic organization. f.Rationalization of operating entities will simplify legal, regulatory and reporting compliances, and enhance transparency for regulators, investors, and stakeholders. The Merger would therefore be in the best interest of all shareholders, creditors, and employees of the respective Parties to the Scheme.Shares18:1000Amalgamating Company (MRHFL) Upon the Scheme becoming effective, the entire issued, subscribed and paid-up equity share capital of MRHFL comprising 12,28,87,870 equity shares shall stand cancelled, and consequently, the shareholding of all categories (Promoter, Public and Non-Promoter Non-Public) shall become Nil post-amalgamation. Amalgamated Company (MMFSL) Pursuant to the Scheme, shareholders of MRHFL (other than MMFSL) shall be allotted 1.8 equity shares of MMFSL for every 10 equity shares held in MRHFL. Based on the shareholding pattern as of 30th June 2026, MMFSL is expected to issue 3,48,400 equity shares, resulting in an increase in its total paid-up equity share capital from 1,38,99,71,160 equity shares to 1,39,03,19,560 equity shares. The promoter shareholding is expected to remain substantially unchanged at 52.48%, while the public and non-promoter non-public shareholding would be 47.48% and 0.05%, respectively, post-amalgamation. Actual allotment shall be determined based on the shareholding of MRHFL as on the Record Date in accordance with the Scheme.The salient features of the Scheme are as under: a. Scheme involves the merger by absorption of MRHFL with MMFSL and consequent dissolution of MRHFL without being wound up, subject to necessary regulatory and other approvals. b. The Appointed date for the Scheme is April 01, 2027 or such other date as may be directed or approved by the National Company Law Tribunal, Mumbai Bench (“NCLT”) or any other appropriate authority. c. The entire assets and liabilities of MRHFL to be transferred to and recorded by MMFSL at their carrying values. d. The NCDs of MRHFL will become NCDs of MMFSL at same terms, including the coupon rate, tenure, redemption price, quantum, nature of security, etc.