Mahindra & Mahindra Limited — Important, 15-07-2025: Updates

Mahindra & Mahindra has facilitated the exercise of employee stock options, leading to the transfer of 10,654 equity shares. These shares were transferred from the company's Employees' Stock Option Trust to eligible employees. This is a standard corporate action under the existing Employee Stock Option Scheme, part of the company's ongoing commitment to employee incentives. For investors, this represents a routine governance activity with a negligible impact on the overall share count.