Mahindra & Mahindra Limited — JV/Acquisition, 30-07-2026: Acquisition

Mahindra & Mahindra has incorporated Novavayu Aerospace Limited (NAL) as a wholly-owned step-down subsidiary, with an initial cash investment of Rs. 0.1 Cr. NAL, with an authorized capital of Rs. 1 crore, will operate in the Defence Industry, focusing on manufacturing aircrafts and aerospace products. This strategic move strengthens M&M's capabilities and expands its product portfolio within the critical aerospace and defence sector, signaling a clear push into high-growth, high-tech manufacturing.