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1: Pursuant to Section 2(pp) of the SEBI (ICDR) Regulations, 2018, Mahindra & Mahindra Financial Services Limited ( "MMFSL") and its subsidiaries forms part of the Promoter Group. However, on the account of section 19 of the Companies Act, 2013 which prohibits subsidiaries from holding shares in its holding company they are excluded from the list of Promoter Group for the purpose of disclosure in shareholding patter. Note 2: Non Promoter- Non Public category - Mahindra & Mahindra Financial Services Ltd. Employees Stock Option Trust ( Trust) - pursuant to Regulation 3(5) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, the trustees of a trust, which is governed under these regulations, shall not vote in respect of the shares held by such trust, so as to avoid any misuse arising out of exercising such voting rights. Note 3: The Company's currently active ESOP schemes ( ESOP 2010 and RSU Plan 2023) are administered through Mahindra & Mahindra Financial Services Ltd. Employees Stock Option Trust (Trust) via Trust Route, wherein shares are issued to Trust via primary issuance by the Company. On exercise of vested options, the Trust transfers the shares to the eligible employees. The total number of outstanding options granted as on 30th June 2026 are 16,03,798 . and Trust holds 3,87,460 equity shares in the Company . The trust shall first utilise its existing shareholding for transfer of shares to employees and hence the dilution will be only to the extent of 12,16,338 ( i.e. 16,03,798 less 3,87,460 = 12,16,338) equity shares. From the outstanding options, 2,16,514 options are outstanding against director, 59,770 options are outstanding against KMPs, and the 13,27,514 remaining options are outstanding against resident individuals and others category. Note No.4: Promoter Group list includes Sampo Rosenlew Oy, Finland , Mahindra Ideal Lanka (Private Limited) , MLL Global Logistics Limited, Mahindra Aerospace Australia Pty. Limited and Blue Planet Integrated Waste Solutions Limited who have ceased to be part of the Promoter Group of Mahindra & Mahindra Financial Services Limited. These entities are no longer part of the Promoter Group under Regulation 2(1)(pp)(iii) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.OtherMAHINDRA & MAHINDRA LIMITED******17295825997295825990.52497295825997295825990.52497295825990.5244729582599******Bodies CorporateMahindra Steel Service Centre Limited******0000000000******Bodies CorporateMahindra First Choice Wheels Limited******0000000000******Bodies CorporateMahindra USA, Inc.******0000000000************Bodies CorporateGromax Agri Equipment Limited (Formerly known as Mahindra Gujarat Tractor Limited)******0000000000******Bodies CorporateMahindra Agri Solutions Limited (Formerly known as Mahindra Shubhlabh Services Limited)******0000000000******Bodies CorporateMahindra and Mahindra South Africa (Proprietary) Limited******0000000000************Bodies CorporateMahindra Overseas Investment Company (Mauritius) Limited******0000000000******Bodies CorporateMahindra Europe s.r.l.******0000000000************Bodies CorporateMahindra Investment Company Mauritius Ltd (Formerly known as Mahindra-BT Investment Company (Mauritius) Limited)******0000000000******Bodies CorporateMahindra Accelo Limited (Formerly known as Mahindra Intertrade Limited)******0000000000******Bodies CorporateMahindra MiddleEast Electrical Steel Service Centre (FZC)******0000000000************Bodies CorporateMahindra Holidays & Resorts India Limited******0000000000******Bodies CorporateMahindra Hotels and Residences India Limited******0000000000******Bodies CorporateMahindra Holdings Limited******0000000000******Bodies CorporateNBS International Limited******0000000000******Bodies CorporateBristlecone Worldwide, Inc. (Formerly known as Bristlecone Ltd.)******0000000000******Bodies CorporateBristlecone Inc.******0000000000************Bodies CorporateBristlecone UK Limited******0000000000************Bodies CorporateBristlecone India Private Limited (formerly know as Bristlecone India Limited)******0000000000******Bodies CorporateBristlecone (Singapore) Pte. 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Ltd.******0000000000************Bodies CorporateMahindra Electrical Steel Private Limited******0000000000******Bodies CorporateBristlecone Consulting Limited******0000000000************Bodies CorporateAnthurium Developers Limited******0000000000******Bodies CorporateMahindra Emirates Vehicle Armouring FZ-LLC******0000000000************Bodies CorporateMahindra Integrated Business Solutions Private Limited******0000000000******Bodies CorporateMahindra Aerostructures Private Limited******0000000000******Bodies CorporateMahindra Susten Private Limited (formerly known as Mahindra EPC Services Private Limited)******0000000000******Bodies CorporateBristlecone International AG******0000000000************Bodies CorporateMahindra EPC Irrigation Limited (Formerly known as EPC Industrié Limited)******0000000000******Bodies CorporateMahindra Defence Systems Limited******0000000000******Bodies CorporateGables Promoters Private Limited******0000000000******Bodies Corporate2 x 2 Logistics Private Limited******0000000000******Bodies CorporateMH Boutique Hospitality Limited******0000000000************Bodies CorporateInfinity Hospitality Group Company Limited******0000000000************Bodies CorporateMahindra Industrial Park Private Limited (formerly known as Industrial Cluster Private Limited)******0000000000******Bodies CorporateMahindra Telephonics Integrated Systems Limited******0000000000******Bodies CorporateMahindra HZPC Private Limited (formerly known as Mahindra Investments (International) Private Limited)******0000000000******Bodies CorporateMahindra Auto Steel Private Limited******0000000000******Bodies CorporateMahindra Fruits Private Limited ( Formerly known as Mahindra Greenyard Private Limited)******0000000000******Bodies CorporateMHR Holdings (Mauritius) Limited******0000000000************Bodies CorporateCovington S.ar.l.******0000000000************Bodies CorporateLords Freight (India) Private Limited******0000000000******Bodies CorporateMahindra eMarket Limited (formerly known as Mriyalguda Farm Solution Limited)******0000000000******Bodies CorporateMahindra Two Wheelers Europe Holdings S.a.r.l******0000000000************Bodies CorporateMahindra Industrial Park Chennai Limited******0000000000******Bodies CorporateMahindra Water Utilities Limited******0000000000******Bodies CorporateHoliday Club Resorts Oy******0000000000************Bodies CorporateHoliday Club Sweden Ab Are******0000000000************Bodies CorporateOwnership Service Sweden Ab******0000000000************Bodies CorporateHoliday Club Canarias Investment S.L.U******0000000000************Bodies CorporateHoliday Club Canarias Sales & Marketing S.L.U******0000000000************Bodies CorporateHoliday Club Canarias Resort Management S.L.U******0000000000************Bodies CorporateKiinteistö Oy Rauhan Liikekiinteistöt 1******0000000000************Bodies CorporateMarvel Solren Private Limited******0000000000******Bodies CorporateHoliday Club Sport and Spa Hotels AB (Formerly known as Visionsbolaget 10088 AB)******0000000000************Bodies CorporateMahindra Teqo Private Limited (formerly known as MachinePulse Tech Private Limited)******0000000000******Bodies CorporateMahindra Airways Limited******0000000000******Bodies CorporateBristlecone Middle East DMCC******0000000000************Bodies CorporateMahindra do Brasil Industrial Ltda.******0000000000************Bodies CorporateClassic Legends Private Limited******0000000000******Bodies CorporateBSA Company Limited******0000000000************Bodies CorporateMahindra MSTC Recycling Private Limited******0000000000******Bodies CorporateMahindra Homes Private Limited******0000000000******Bodies CorporateMahindra Automotive North America Inc.******0000000000******Bodies CorporateMahindra Vehicle Sales and Service Inc.******0000000000************Bodies CorporateMahindra Sustainable Energy Private Limited (formerly known as Mahindra Telecom Energy Management Services Private Limited- name changed )******0000000000******Bodies CorporateMahindra Happinest Developers Limited [formerly known as Mahindra Happinest Developers Private Limited ]******0000000000******Bodies CorporateErkunt Traktor Sanayii A.S.******0000000000************Bodies CorporateErkunt Sanayi A.S.******0000000000************Bodies CorporateDeep Mangal Developers Private Ltd******0000000000******Bodies CorporateMoonshine Construction Private Ltd******0000000000******Bodies CorporateMahindra Construction Company Ltd******0000000000******Bodies CorporateÅre Villa 3 AB [Formerly known as Visionsbolaget 12191 AB******0000000000************Bodies CorporateMahindra Knowledge Park Mohali Limited******0000000000******Bodies CorporateAutomobili Pininfarina GmbH [Formerly known as Blitz 18-371 GmbH]******0000000000************Bodies CorporateMahindra Summit Agriscience Limited******0000000000******Bodies CorporateMahindra Automotive Mauritius Limited******0000000000************Bodies CorporateMahindra Top Greenhouses Private Limited******0000000000******Bodies CorporateHoliday Club Canarias Vacation Club SLU (formerly known as Passeport Sante SL)******0000000000************Bodies CorporatePT Mahindra Accelo Steel Indonesia******0000000000************Bodies CorporateAutomobili Pininfarina Americas Inc. (formerly known as Harkey Acquisition, L.L.C., USA )******0000000000************Bodies CorporateMahindra Armored Vehicles Jordan, LLC.******0000000000************Bodies CorporateMLL Express Services Private Limited (Formerly known as Meru Travel Solutions Private Limited)******0000000000******Bodies CorporateMLL Mobility Private Limited (Formerly Known as MERU MOBILITY TECH PRIVATE LIMITED.******0000000000******Bodies CorporateMartial Solren Private Limited******0000000000******Bodies CorporateThe Birmingham Small Arms Company Limited******0000000000************Bodies CorporateBSA Corporation Limited******0000000000************Bodies CorporateB.S.A. Motor Cycles Limited******0000000000************Bodies CorporateMahindra Solarize Private Limited******0000000000******Bodies CorporateBristlecone Internacional Costa Rica Limited******0000000000************Bodies CorporateCarnot Technologies Private Limited******0000000000******Bodies CorporateMahindra Holidays & Resorts Harihareshwar Limited******0000000000******Bodies CorporateResurgence Solarize Urja Private Limited******0000000000******Bodies CorporateV-Link Freight Services Private Limited******0000000000******Bodies CorporateSwaraj Engines Limited******0000000000******Bodies CorporateMahindra Electric Automobile Limited******0000000000******Bodies CorporateGuestline Hospitality Management and Developement Services Limited******0000000000******Bodies CorporateM.I.T.R.A Agro Equipments Private Limited******0000000000******Bodies CorporateMahindra Last Mile Mobility Limited******0000000000******Bodies CorporateIlluminate Hybren Private Limited [Formerly known as Icarus Hybren Private Limited]******0000000000******Bodies CorporateHazel Hybren Private Limited******0000000000******Bodies CorporateGelos Solren Private Limited******0000000000******Bodies CorporateFuries Solren Private Limited******0000000000******Bodies CorporateKyros Hybren Private Limited******0000000000******Bodies CorporateJade Hybren Private Limited******0000000000******Bodies CorporateLayer Hybren Private Limited******0000000000******Bodies CorporateMigos Hybren Private Limited******0000000000******Bodies CorporateZipZap Logistics Private Limited******0000000000******Bodies CorporateNeon Hybren Private Limited******0000000000******Bodies CorporateOrion Hybren Private Limited******0000000000******Bodies CorporatePulse Hybren Private Limited******0000000000******Bodies CorporateQuest Hybren Private Limited******0000000000******Bodies CorporateMahindra South East Asia Limited******0000000000************Bodies CorporateSteer Hybren Private Limited******0000000000******Bodies CorporateTarget Hybren Private Limited******0000000000******Bodies CorporateVelos Hybren Private Limited******0000000000******Bodies CorporateRhyme Hybren Private Limited******0000000000******Bodies CorporateUltrogen Hybren Private Limited******0000000000******Bodies CorporateMahindra Advanced Technlogies Limited******0000000000******Bodies CorporateShreyas Stones Private Limited******0000000000******Bodies CorporateKeskinainen Kiinteisto Oy Salla Star******0000000000************Bodies CorporateSML Mahindra Limited (Formerly known as SML Isuzu Limited******0000000000******Bodies CorporatePSL Media & Communications Limited******0000000000******Bodies CorporateMahindra & Mahindra Contech Limited******0000000000******Bodies CorporateNew Democratic Electoral Trust******0000000000******Bodies CorporateKota Farms Services Limited******0000000000******Bodies CorporateMahindra Racing UK Limited******0000000000************Bodies CorporateOfficemartindia.com Limited******0000000000******Bodies CorporateTech Mahindra Limited******0000000000******Bodies CorporateMitsubishi Mahindra Agricultural Machinery co., Ltd.******0000000000******Bodies CorporatePF Holdings B.V.******0000000000************Bodies CorporateSmartshift Logistics Solution Private Limited******0000000000******Bodies CorporateReNew Sunlight Energy Private Limited******0000000000******Bodies CorporateMahindra Blossom Developers Limited******0000000000******Bodies CorporateSampo Rosenlew Oy, Finland******0000000000******Bodies CorporateMahindra Ideal Lanka (Private Limited)******0000000000************Bodies CorporateMLL Global Logistics Limited******0000000000************Bodies CorporateMahindra Aerospace Australia Pty. Limited******0000000000************Bodies CorporateBlue Planet Integrated Waste Solutions Limited******0000000000******Bodies CorporateAditatva Estates Private Limited******0000000000******Bodies CorporateMahindra Kandivali Developers Limited******0000000000******Bodies CorporateMahindra Manulife Insurance Limited******0000000000******HDFC Mutual Fund Multiple Accounts******78575134785751340.056578575134785751340.0565785751340.0565785751340001SBI Mutual Fund Multiple Accounts******66341336663413360.047766341336663413360.0477663413360.0477663413360001Bandhan Mutual Fund Multiple Accounts******16259400162594000.011716259400162594000.0117162594000.0117162594000001Sundaram Mutual Fund Multiple Accounts******14159206141592060.010214159206141592060.0102141592060.0102141592060001HDFC Life Insurance Company Limited******31096341310963410.022431096341310963410.0224310963410.0224310963410001SBI Life Insurance Company Limited******19533255195332550.014119533255195332550.0141195332550.014195332550001Life Insurance Corporation of India, LIC-P&GS Fund, LICI Funds******1426257021426257020.10261426257021426257020.10261426257020.10251426257020001Ashish Dhawan******14600000146000000.010514600000146000000.0105146000000.0105146000000001HUFCategory3455213920121392010.0015213920121392010.001521392010.00152139201000Clearing MembersCategory8184861848601848618486018486018486000TrustsCategory8137584513758450.001137584513758450.00113758450.0011375845000814751475 Equity Shares held in Mahindra & Mahindra Financial Services Limited IPO Allotment Suspense Demat Account, pursuant to the Initial Public Issue of the Company.7189189 Equity Shares held in Mahindra & Mahindra Financial Services Limited Rights Allotment Suspense Demat Account, pursuant to the Rights Issue of the Company. 10.097510.096110.09310.097410.0948