Mahindra & Mahindra Ltd. Mahindra Towers,

Dr. G. M. Bhosale Marg, Worli,

Mumbai 400 018 India Tel: +91 22 24901441

Fax: +91 22 24975081

Regd. Office: Gateway Building, Apollo Bunder, Mumbai 400 001, India Tel: +91 22 22021031|Fax: +91 22 22875485 Email : group.communications@mahindra.com mahindra.com CIN No. L65990MH1945PLC004558

REF: NS: SEC: 25th March, 2022 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai 400001.

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

Bourse de Luxembourg Societe de la Bourse de Luxembourg Societe Anonyme/R.C.B. 6222, B.P. 165, L-2011 Luxembourg.

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

Sub: Transfer of Equity Shares by Mahindra & Mahindra Employees’

Stock Option Trust to the Stock Option Grantees In compliance with the undertaking given to the Exchanges at the time of listing of shares that were allotted to Mahindra & Mahindra Employees’ Stock Option Trust (“the Trust”), we are enclosing the details of the employees to whom the shares have been transferred by the Trust on 25th March, 2022, pursuant to the exercise of the Stock Options granted under the Company’s Employees’ Stock Option Scheme. The same is marked as Annexure I. Kindly acknowledge receipt. Yours faithfully, For MAHINDRA & MAHINDRA LIMITED

NARAYAN SHANKAR COMPANY SECRETARY

Encl: a/a

Sr. No. Name Total No. of Options exercised1 Kedar Ranade 2592 Mukesh Kulshrestha 2013 Pratap Pandit 10384 SANDIP PRIOLKAR 5355 Vinay Khanolkar 15006 Chandrakant Kadam 11077 Jai Prakash Chaurasia 9968 Shreepad Purushottam Kulkarni 2369 Amar Patil 500

10 Samir Pandit 108411 Vilas Lokhande 21812 Ashutosh Joshi 17913 S V Kank 36014 Sudhir Sathe 14115 Syamal Adhikari 62716 Abhay Suktankar 18417 Simon M K 39818 Hemant Nadkarni 62119 Salil Chaskar 13720 Moreshwar Damle 58621 R U Prabhu 155822 Bharat Patil 20023 C S Rajwade 33424 S M Kamat 169825 Nachiket Kodkani 540326 Shriram Joshi 27027 Bharat Kumbhar 51628 Paul Ollukkaran 34529 Niteen Shriram Mathkar 26530 Dharmesh Raval 62631 Hemant Pawar 29932 Rajendra Jangam 38533 Nagraj Bhat 35934 M. Ramanikrishnan 440635 Y L Kanawade 113636 S Kulshreshtha 5037 Atul Karegaonkar 25538 Vinodkumar Sonar 23939 Mahendra Apte 105840 V.V. Khot 171541 Hrishikesh Mundle 27442 Paresh Turakhia 270

ANNEXURE - I MAHINDRA & MAHINDRA EMPLOYEES STOCK OPTION TRUST LIST OF EMPLOYEES WHO HAVE EXERCISED THEIR OPTIONS

43 Mangesh Ramakant Nagle 27444 S.D. Dalvi 30045 Sanjay Salte 30346 Pasumarthi Srinivas 90447 Vikas Nadgir 60648 P S Shivankar 21049 Girish Kale 31550 Sunil Bhatkhande 39351 Maheshkumar Bhandare 26552 Kedar Mundle 5053 Rajakumar Kanagarajan 37354 Tushar Somoshi 21055 Satish Divate 51356 Luna Mohanty 790657 Rahul Chemburkar 60558 Ravindra Jain 11459 S.K. Deshpande 51960 K. Raja Rao 20061 Gundrathi Pradeep Goud 27162 Davuluri Koteswara Rao 55663 Kotte Chakravarthy 11664 Kvs Varma 14565 Doppalapudi Suresh 10366 Nilesh Kodand 19767 Premendra Shirke 18868 Tom Thomas 66269 Saurabh Vatsa 262870 Harinder Singh 5071 Varsha Sachin Satam 22672 Ashish Padhye 44273 Subbaiah Kunthodira 79574 Sanjoy Gupta 408975 Amrita Welinkar 12276 B K Rajamohan 30777 Samir Rawte 173078 Rajkumar Bhagate 62979 Sameer Mudras 68680 Vivek Telkar 66881 Sai Ganesh Iyer 66882 Glory Sequeira 6283 Amey Chitale 29084 Dileep Singh 54685 Jitender Gujral 139286 Yogesh Jobanputra 27087 Arunangshu Roy 63288 Avadhoot Borade 11489 Ramesh Yadav 160

90 Vaibhav Srivastava 25491 Rajinder Singh 195592 Ashish Kumar Shrivastava 20093 Sanjay Poul 21594 Yogesh Gandhi 35995 Swapnil Indulkar 12996 Sachin Bahl 70297 Nagaraju Kata 26698 Rajeev Goyal 633299 Hitesh Kumar 245

100 Yogesh Sonawane 132101 Pankaj More 142102 Uday Srinivas Chunduru 481103 Venugopal P 50104 Rajeshwar Tripathi 1397105 Parag Kulkarni 250106 Velayudham N 151107 Suryanarayanan V 405108 Krishna Mishra 200109 John D'sa 652110 S S Karhade 863111 Premanand Tikait 50112 Thirunavukkarasu A 140113 SUNIL GURSAHANI 614114 Gorakh Tambe 131115 Vineet Arora 1684116 Muthuraman Muthusamy 100117 Mahendra Bhalerao 612118 Edwiz Davidson 84119 Christanand Nandikeshwar 166120 Suresh Aher 50121 S. Shankar 142122 Sachin Kakad 60123 Nilesh Kharche 130124 Sanjeev Sharma 1029125 Sudaman Shinde 59126 Rajesh Wani 329127 K Pavan Kishore 138128 Pravin Bhalerao 142129 Pawan Tiwari 592130 Prashant Mestry 331131 Mahesh Bedre 279132 Divakar Salian 150133 Gagandeep Behl 373134 Preeti Kothari 115135 Girish Bhangale 138136 Jibin Paul Kannampilly 252

137 Krishnaraj Palanisamy 271138 Nilesh Bhor 64139 Chendil Chellapandi 301140 Arun Raj S 172141 Jill Dasani 50142 Abhishek Gupta 229143 Nilesh Narkhede 192144 Abhay Kulkarni 4669145 Urmila Naik 150146 Virendra Bheda 704147 Kesavan G. 280148 Nilesh Aher 111149 Vijay Madhav Paradkar 1393150 Mayank Sehgal 100151 Sanjay Kulkarni 672152 Sanjay Sangle 220153 Ritesh Agrawal 1832154 Kannan S 374155 R Balasubramanian 1495156 Pratap Karande 264157 Satyabrata Mohanty 187158 Jignesh Gharte 118159 Anand Bidre 255160 Ashwani Verma 268161 Chandra Rajesh 117162 Mukul Verma 236163 Siddhesh Kane 202164 Tushar Wadekar 162165 Anand Govilkar 284166 Rakesh Mehta 189167 Anirban Goswami 167168 Amarendra Lenka 193169 Sarang Jadhav 745170 Sudheer Balkrishna Sawant 289171 Umesh Potdar 146172 Milind Wadke 2972173 K Ravi 1688174 Hemant Kshirsagar 50175 Yogesh Shah 200176 Nidhish Kuchhal 450177 Vijay Namdeo Bhapkar 320178 Vikas Yadav 100179 L Radhakrishnan 1070180 Rajeev Malik 662181 Aniket Mulik 132182 Parag Deshpande 162183 Balakrishnam Naidu Chokkapu 68

184 Snehashis Sen 293185 Michael Ignatius D'souza 273186 Abhishek Pandharipande 405187 Atish Mhatre 146188 Omkar Nabar 415189 Dhawal Doshi 132190 Sunil Mittal 100191 Abhijit Puranik 152192 Hariharan R 50193 Harsh Kumar 1500194 Vijay Lahare 802195 Harmohan Baweja 166196 PARVEEN KUMAR 183197 NARINDER DEWAN 150198 MUNISH BAHL 100199 BALWINDER SINGH 112200 RAJESH KUMAR 44201 RAJESH GARG 200202 KARAMVIR SINGH 140203 RANJIV GOYAL 90204 SANJAY YADAV 332205 SANJEEV CHAWLA 354206 PARDEEP SINGH 533207 VIKAS MAINGI 251208 RAVJIT SINGH WALIA 161209 SARBJIT SINGH 128210 Udaya Kumar Das 372211 GURPINDER SINGH 296212 Vinod Nookala 330213 Devendra Rane 67214 Pruthiviraj KR 724215 Sameer Desai 499216 Ashish Dixit 324217 Raj Chatterjee 67218 Jayant Sardesai 667219 Arun Kumar Mishra 184220 Vishal Gulati 120221 Rushikesh Bhusal 49222 SREEDHAR UPPALAPATI 126223 Anup Roy 60224 Nalini Satpathy 70225 Deepti Patil 48226 Aashwin Madan 261227 Laxmikant Phadnis 526228 Gaurav Lakhe 122229 Rohan Sawant 618230 Asif Eqbal MD 392

231 Rupesh A 330232 UDIT BHATNAGAR 126233 Balvir Singh 135234 Shraddhesh Kumar 140235 AVIJIT DEY 58236 Sumit Chakraborty 154237 Rahul Joshi 94238 Nitin Soundatte 197239 Venukumar Rajendran 194240 YOGARAJA VENKATRAMAN 1000241 Aniruddha Rajurkar 48242 Hasan Askari 139243 Prakash Shanmugam 50244 Swapnil Joshi 201245 Suresh Mate 239246 Amit Kumar Jaiswal 371247 Pradeep Sonawane 254248 Mangesh Gawande 58249 Rajesh Vishnupurikar 105250 Bijoy Kumar Yatheendranathan 900251 Bharat Mandavkar 100252 VINAY KUMAR 625253 Naitikkumar Patel 218254 Rohit Kolte 150255 R. Govindarajan 175256 Jayanthan Jayaseelan 248257 Sivaraj S 129258 Keshari Nandan Kumar 1051259 Abhay Goyal 63260 Rajendra Singh 169261 ARINDRAJIT SAMANTA 331262 Shriprakash Shukla 22952263 A Seenivasan 110264 Rupesh Raut 117265 Mahesh Deshmukh 134266 CH V S VINAY Kumar 196267 Akshata Tinaikar 180268 SUKHWINDER SINGH 260269 Arun Prasath G. 98270 Prajwal Ullal 71271 Abhinab Mohanty 86272 SAIKUMAR MEDA 245273 Venkateswara Rao B 50274 Madhu Chalumuru 75275 Golla Srinivasa Rao 148276 Sukhninder Singh Sidhu 107277 Nipun Kashyap 32

278 Prakash Barve 118279 Vijay Kalra 1100280 Anudeep Kumar 58281 Sandeep Patil 121282 Niteen Karve 100283 Ajay Goyal 55284 Bhushan Gharat 173285 PRASHANT SINGH 263286 Mounis Malik 575287 Sushma Edwankar 56288 Kishor Sankhe 730289 Deepak Vardhan 42290 Amara Rajesh Gupta 269291 MAHESH BANSODE 20292 Debasis Mukherjee 466293 Umashankar Yadav 263294 Hanumant Londhe 110295 Bizili SIG 242296 Gauri Bhasme 141297 Vinod Kumar 108298 Sunil Tharthare 422299 Nayan Joshi 120300 Bandi Chand 118301 Santosh Kumar Pandey 100302 Tanvi Bhat 148303 Charukesh Vasudevan 136304 Rishabh Dev Sharma 100305 Arun Kushwah 200306 Shankar Mishra 39307 Ashutosh Vidwans 1067308 Vinoth C 125309 Biju . 407310 Rakesh Oswal 559311 Rengarajan A 248312 Vivek K.V 34313 Prabhu Raman 100314 DINESH NARWAY 110315 Atul Khadke 148316 Sakthivel Janarthanan 54317 Samira Mahapatra 144318 Shailesh Kumar 286319 Sourabh Abde 101320 Parikshit Asher 194321 Rajeev Narang 34322 Niranjan Hajare 98323 Murli Manohar Jha 70324 Ramesh Narayanan 143

325 Sathish G K 371326 Sitaramayya Vetsa 962327 Rajeev Biseria 715328 Shekhar Panwar 134329 SUSHIL SHARMA 588330 Pradeep Kumar 842331 Sudhir Patil 150332 Anan Patil 56333 Dinesh Thakare 110334 Raman Kumar 250335 Vishnuvardhan Kulkarni 328336 Naveen Raju 14990337 Nagesh Sangle 320338 Udit Suri 312339 Anoop Kumar 50340 Atul Srivastava 142341 Shaukath Esmayil 140342 Ganesh D 134343 Manoj Naik 62344 V V N Chowdary Eedala 138345 Udaya Bhaskara Manipatruni 606346 Anshuman Srivastava 57347 Yogendra Singh 90348 Amit Sharma 224349 Vinod Sahay 3952350 Ankush Kaul 142351 Mitesh Parikh 260352 Ritesh Patel 772353 Prabagar Raja 95354 Shiva Kumara 150355 Kommasrikanth . 169356 Vikram Pawar 116357 Ramwarun Usulamarthi 131358 Varsha Chainani 4620359 Muthukumar S 119360 ANSUMAN RATH 150361 Santanu Sinha 3074362 Trilochan Mishra 135363 Ruchir Agarwal 294364 Lakshdeep Kaul 346365 Jay Phalak 313366 Pritam Chaudhari 314367 Pinkeshkumar Patel 71368 Mohammed Turra 500369 JOY GURU HALDER 248370 Abhishek Kar 140371 Ashwani Kumar 109

372 Imtiyaz Ahmed Shaikh 371373 Ruka Prasad 345374 Siddharth Gupta 324375 Ahfaz Shaikh 137376 Deependra Sharma 1250377 Vilas Petkule 586378 Naresh Kumar 76379 Vikram Joshi 356380 Sakthivelan S 800381 Ajit Ghodekar 146382 Hrishikesh Chitnis 200383 Satya Dev Sharma 190384 Rahul Sharma 214385 Bishnu Pradhan 278386 Srivatsa Vani Prasanna Sriperumbudur 400387 Abhishek Sharma 184388 Prateek Singhvi 454389 Jatinder Sareen 461390 Sudhir Patil 410391 Sumit Rana 323392 Ranjan Mishra 955393 Sanjeev Varma 500394 Rajendra Dond 500395 Suresh Tyagi 471396 Sunil Bhatt 370397 Lalit Mohan 575398 Deepa Ranjeet 1005399 Arpit Jain 616400 RAJESH PANDE 1192401 Vikram Garga 1500402 Sivaramakrishna Challa 500403 Vineet Kapur 1622404 Bharat Goenka 700405 Amit Raje 7630

TOTAL 233611