Mahindra Lifespace Incorporates Wholly Owned Subsidiary MKDL

Mahindra & Mahindra Ltd. announced that its listed subsidiary, Mahindra Lifespace Developers Limited (MLDL), has incorporated a new wholly owned subsidiary named Mahindra Kandivali Developers Limited (MKDL). MKDL was incorporated on June 29, 2026, in Mumbai, Maharashtra, with an authorized share capital of ₹5,00,000 and a paid-up share capital of ₹1,00,000. This incorporation makes MKDL a step-down subsidiary of Mahindra & Mahindra Ltd. MKDL will undertake real estate development projects. The transaction is considered a related party transaction, with M&M indirectly holding equity.