MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD.

Mahindra & Mahindra Financial Services Ltd has dispatched letters to its members and debenture holders, providing a web-link and QR code to access the Notice of the 36th Annual General Meeting (AGM) and the Integrated Annual Report for FY 2025-26. The AGM is scheduled for Tuesday, July 21, 2026, at 3:30 p.m. IST, to be held via Video Conferencing. The company also announced a final dividend of 375% (₹7.50 per equity share) for FY2026, with a record date of July 13, 2026. Shareholders are reminded to update their KYC details, especially those holding physical securities, to ensure electronic payment of dividends and other entitlements.

Mahindra & Mahindra Financial Services Ltd has announced a change in its Board of Directors. Mr. Ashwani Ghai, Non-Executive (Non-Independent) Director representing Life Insurance Corporation of India (LIC), has ceased to be a director effective June 22, 2026. Concurrently, Mr. Krishna Kumar Sukumaran Nair has been appointed as a Non-Executive (Non-Independent) Director, also representing LIC, effective June 23, 2026. His appointment is subject to shareholder approval at the upcoming AGM. Mr. Nair brings over 36 years of experience in the financial services sector, having previously served as Executive Director – Corporate Governance and Chief Compliance Officer at LIC.

Mahindra & Mahindra Financial Services Ltd. has successfully allotted Non-convertible Debentures (NCDs) worth ₹935.01 crore on a private placement basis. The allotment, approved by the Debenture Allotment Committee, includes a base issue size of ₹500 crore and a green shoe subscription of ₹435 crore. These Secured, Rated, Listed Redeemable NCDs carry a fixed coupon rate of 7.90% per annum and are intended for listing on the Wholesale Debt Market Segment of BSE Limited. The issuance was facilitated through the BSE Bond-EBP Platform.

Mahindra & Mahindra Financial Services Ltd announced the approval of its Debenture Issuance Committee for the offer and issuance of Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The issuance will be up to ₹1,000 Crore, comprising a base issue of ₹500 Crore and a green shoe option of an additional ₹500 Crore. These NCDs will have a tenure of 3 years with a fixed coupon rate of 7.90% per annum, payable annually. The principal will be redeemed on maturity. The NCDs will be secured by an exclusive charge on the company's receivables, owned assets, and book debts. The issuance is scheduled to be listed on the Wholesale Debt Market Segment of BSE Limited.

Mahindra & Mahindra Financial Services Ltd announced that its Board of Directors has recommended a final dividend of ₹7.50 per equity share (375%) for the financial year ended March 31, 2026. This dividend is subject to shareholder approval at the upcoming Annual General Meeting on July 21, 2026. The record date for determining eligible shareholders is July 13, 2026. The company also provided detailed information regarding tax implications on dividends, including Tax Deducted at Source (TDS) rates for resident and non-resident shareholders, and the importance of updating PAN and Aadhaar details to avoid higher deduction rates. Shareholders are urged to submit necessary documentation by July 6, 2026, to avail tax exemptions or lower tax deductions.

Mahindra & Mahindra Financial Services Ltd has allotted 2,20,000 secured, rated, floating, listed redeemable non-convertible debentures with a face value of ₹1,00,000 each, aggregating to ₹2200 Crore, on a private placement basis. This includes a base issue of ₹2000 Crore and a green shoe subscription of ₹200 Crore. The NCDs have a floating coupon of (3MTBILL+2.10% Spread) p.a., payable annually and subject to quarterly reset, and are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The allotment date is May 19, 2026, and the maturity date is May 18, 2029.

Mahindra & Mahindra Financial Services Ltd's Debenture Issuance Committee approved the offer and issuance of secured, rated, floating, listed, redeemable non-convertible debentures (NCDs) on a private placement basis. The issuance is within the overall borrowing limits approved by shareholders. The NCDs have a face value of ₹1,00,000 each, with a total issuance size of up to ₹3,000 crore, including a green shoe option of ₹1,000 crore. The tenure of the instrument is 2 years and 364 days, with a maturity date of May 18, 2029. The coupon rate is (3MTBILL+2.10% Spread) p.a. payable annually, subject to quarterly reset. The debentures are secured by a charge on receivables under Loan contracts/Hire Purchase/Lease.

Mahindra & Mahindra Financial Services Ltd has allotted 87,500 secured, rated, listed redeemable non-convertible debentures with a face value of ₹1,00,000 each, aggregating to ₹875 Crore on a private placement basis. The NCDs, with a fixed coupon of 7.90% p.a., are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The allotment includes a base issue size of ₹750 Crores and a green shoe subscription of ₹125 Crores.

Mahindra & Mahindra Financial Services Ltd's Debenture Issuance Committee approved the issuance of secured, rated, listed, redeemable non-convertible debentures on a private placement basis, within approved borrowing limits. The issuance is for up to 100,000 NCDs, totaling up to ₹1000 Crore, including a green shoe option of ₹250 Crores over a base issue of ₹750 Crores. The NCDs, with a face value of ₹1,00,000 each, have a tenure of 1 year and 285 days (650 days) from the deemed allotment date of May 12, 2026, maturing on February 21, 2028, and offer a fixed coupon of 7.90% p.a.

Mahindra & Mahindra Financial Services Ltd (Mahindra Finance) has successfully allotted 50,000 Listed, Secured, Rated, Redeemable Non-convertible Debentures (NCDs) on a private placement basis. Each NCD has a face value of ₹1,00,000, issued at par, bringing the total subscription amount to ₹500 Crore. These NCDs carry a fixed coupon rate of 7.71% per annum and are slated for listing on the Wholesale Debt Market Segment of BSE Limited. The Debenture Allotment Committee approved this issuance today, following successful bidding on the BSE Bond-EBP Platform.