MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD.

Mahindra & Mahindra Financial Services Ltd. reported a strong Q2 FY27 business update. Estimated overall disbursement reached approximately ₹16,490 crore, marking a significant ~22% year-on-year growth. For the first half of FY27 (H1 FY27), disbursements stood at approximately ₹32,050 crore, also showing ~22% YoY growth (excluding finance lease). Business Assets grew by ~15% to approximately ₹1,46,300 crore as of September 2026. The company maintained a healthy Collection Efficiency of an estimated 97% for Q2 FY27. Asset quality showed improvement, with Stage-3 assets estimated between 3.35% and 3.45% and Stage-2 assets between 4.7% and 4.8%. The company also maintained a robust liquidity position with over ₹16,200 crore in its liquidity chest.

Mahindra & Mahindra Financial Services Ltd has successfully allotted 125,000 Secured, Rated, Listed Redeemable Non-convertible Debentures (NCDs) worth ₹1250 Crore on a private placement basis. The allotment, approved by the Debenture Allotment Committee, includes a base issue size of ₹1000 Crore and a green shoe option of ₹250 Crore. These NCDs carry a fixed coupon rate of 7.95% per annum and are proposed to be listed on the BSE Limited's Wholesale Debt Market Segment. The issuance was facilitated through the BSE Bond-EBP Platform.

Mahindra & Mahindra Financial Services Ltd (MMFSL) has announced that its Board of Directors will convene on October 21, 2026. The primary agenda item is to consider and approve the unaudited standalone and consolidated financial results for the second quarter and six months ended September 30, 2026. These results will be subject to a limited review by the company's joint statutory auditors. Additionally, the company has informed about the closure of its trading window from October 1, 2026, to October 23, 2026, inclusive, in accordance with SEBI regulations regarding insider trading.

Mahindra & Mahindra Financial Services Ltd (MMFSL) has announced the closure of its trading window from October 1, 2026, to October 23, 2026, inclusive. This closure is to facilitate the consideration and approval of the company's unaudited standalone and consolidated financial results for the second quarter and six months ended September 30, 2026. A board meeting is scheduled for October 21, 2026, to approve these results, which will be subject to a limited review by the joint statutory auditors. The company is adhering to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI (Prohibition of Insider Trading) Regulations, 2015.

Mahindra & Mahindra Financial Services Ltd announced that its Debenture Issuance Committee has approved the private placement offer and issuance of Secured, Rated, Listed, Redeemable Non-convertible Debentures (NCDs) worth up to ₹2,000 crore. The issue comprises a base size of ₹1,000 crore with a green shoe option of an additional ₹1,000 crore. The NCDs will have a tenure of 2 years and 364 days (1095 days) and will carry a fixed coupon rate of 7.95% per annum. The deemed date of allotment is September 29, 2026, with maturity on September 28, 2029. The NCDs will be listed on the Wholesale Debt Market Segment of BSE Limited and will be secured by an exclusive charge on the company's receivables, owned assets, and book debts.

Mahindra & Mahindra Financial Services Ltd has been independently assigned an Environmental, Social, and Governance (ESG) Rating of 80, placing it in the 'Leader Category' for the Non-Banking Financial Company (NBFC) sector for FY2026. The rating was provided by Niche Ninety Nine Capability and Certifications (OPC) Private Limited, based on publicly available information. The company clarified that it did not engage Niche Ninety Nine Rating for this assessment. The rating agency re-submitted the rating on September 21, 2026, correcting the sector classification to NBFC.

Mahindra & Mahindra Financial Services Ltd has received an ESG Rating of 76 (Leader Category) for FY2026 from NSE Sustainability Ratings and Analytics Limited. This rating remains consistent with the previous fiscal year (FY2025). Notably, the company did not engage NSE Sustainability Rating for this assessment; the report was independently prepared by NSE Sustainability Rating based on publicly available information. This disclosure is made in compliance with SEBI Listing Regulations.

Mahindra & Mahindra Financial Services Limited (MMFSL) announced its Board of Directors has approved a Scheme of Merger by Absorption with Mahindra Rural Housing Finance Limited (MRHFL). The merger aims to consolidate lending businesses into a single listed platform, creating a broader retail lending franchise, a simplified operating architecture, and enhanced operating leverage. The transaction is expected to improve integration of businesses, technology, risk management, and support functions, accelerating growth and diversification. The appointed date for the merger is April 01, 2027, subject to regulatory and NCLT approvals. MRHFL will be dissolved without winding up, with its assets and liabilities transferred to MMFSL at carrying values. NCDs of MRHFL will become NCDs of MMFSL on the same terms.

Mahindra & Mahindra Financial Services Ltd has received an ESG Rating of 76 (Excellent) for FY2026 from ESG Risk Assessments and Insights Limited (ESG Risk AI), a SEBI-registered provider. This marks an improvement from the previous year's rating of 73.8 in FY2025. Notably, ESG Risk AI independently prepared this report based on publicly available information, as the company did not engage them for the rating. This disclosure is made in compliance with SEBI Listing Regulations.

Mahindra & Mahindra Financial Services Ltd announced its unaudited financial results for the first quarter ended June 30, 2026. The company reported a consolidated Profit After Tax (PAT) of ₹927 crore, a significant 75% year-on-year increase from ₹529 crore in Q1 FY26. Total income rose by 14% to ₹5,725 crore. On a standalone basis, PAT was ₹899 crore, up 70% YoY, with Return on Assets (RoA) at 2.4%. Assets Under Management (AUM) grew 13% YoY to ₹1,37,449 crore, and disbursements surged 22% YoY to ₹15,564 crore, marking a first-quarter record. Net Interest Margins (NIM) expanded to 7.3%, and credit costs improved to 1.5%. The company highlighted strong performance in vehicle financing, particularly tractors and passenger vehicles, and significant growth in non-vehicle finance segments.