Mahindra & Mahindra Employees' Trust Transfers Shares Under ESOP

Mahindra & Mahindra Ltd has announced the transfer of shares from its Employees' Stock Option Trust to various stock option grantees. This action is in compliance with the undertaking given at the time of listing shares allotted to the Trust. The transfer, executed on August 19, 2026, is pursuant to the exercise of stock options granted under the company's Employees' Stock Option Scheme. The filing includes a detailed Annexure I listing the names of the grantees and the total number of equity shares transferred to each. This move reflects the exercise of employee stock options and the subsequent distribution of equity.