Mahindra & Mahindra Transfers 4,627 ESOP Shares to Employees

Mahindra & Mahindra Ltd. has transferred 4,627 equity shares to 17 employees on 28 April 2026 pursuant to the exercise of stock options granted under the company's Employees' Stock Option Scheme. The transfer was executed by the Mahindra & Mahindra Employees' Stock Option Trust in compliance with the undertaking given to the exchanges at the time of listing of shares allotted to the trust.

Transfer Details

The company disclosed the details of stock option grantees to whom shares were transferred. The submission was made to the National Stock Exchange of India Ltd (Scrip Code: M&M) and BSE Limited (Scrip Code: 500520). Copies were also sent to the Luxembourg Stock Exchange and London Stock Exchange Plc. The communication was signed by Sailesh Kumar Daga, Company Secretary.

Share Allocation Breakdown

The shares were distributed among 17 employees, with individual allocations ranging from 18 to 1,000 shares. The complete distribution is as follows:

Sr No Name Total No. of Equity Shares 1 Roshan Lad 100 2 Ajay Jain 137 3 Swapnil Nimkar 42 4 Neeraj Yadav 18 5 Rakesh Dhar 354 6 Viswalingam S 282 7 Sharad Pawar 68 8 Sonal Dwivedi 60 9 Yogaraja Venkatraman 200 10 GopaKishor Gummadi 460 11 Srinivasan Subba Rao 139 12 Nayan Joshi 151 13 Sangeetha R T 176 14 Anisha Saluja 1,000 15 Manikarthi Subramani 223 16 Sanjeev Trivedi 531 17 Gopalakrishnan D 686 Total 4,627

Key Recipients

Anisha Saluja received the highest allocation of 1,000 shares, representing approximately 21.6% of the total shares transferred. Gopalakrishnan D received 686 shares, while Sanjeev Trivedi was allocated 531 shares. Other significant recipients included GopaKishor Gummadi with 460 shares and Rakesh Dhar with 354 shares. The smallest allocation went to Neeraj Yadav with 18 shares.

Mahindra & Mahindra Limited has announced a key senior management appointment, naming Ms. Shuchi Suri as Executive Vice President - Mahindra Experiences. The appointment, effective from 14th May 2026, was communicated to stock exchanges on 24th April 2026, with Ms. Suri also forming part of the company's Senior Management Personnel.

Leadership Role and Responsibilities

As Head of Mahindra Experiences, Ms. Suri will drive strategic focus on world-class experiences to unlock value and drive business impact for the Group. Her responsibilities will include taking ownership of the Mahindra Adventure team in the Auto business and the Experiences team at Mahindra Holidays. She will work closely with leaders across Auto and Holidays businesses and will report directly to Dr. Anish Shah.

Professional Background and Experience

Ms. Suri brings extensive global experience from her distinguished career at Unilever, spanning over 22 years with leadership roles across multiple regions:

Experience Area: Details Career Duration: 22+ years at Unilever Geographic Scope: India, APAC region, Global Headquarters (UK) Recent Role: Global Vice President for Homecare Portfolio Scale: Multi-billion Euro global category across 60+ markets Key Achievement: Consistent growth and margin expansion through portfolio transformation

Areas of Expertise

Ms. Suri has demonstrated expertise across multiple strategic domains throughout her career:

Brand Strategy and Consumer Segmentation

Portfolio Transformation and Premium Innovation

Consumer lifecycle management

Digital First & Partnerships based Marketing

Leadership across significant portfolios in India, UK and Singapore

She has been recognized for her speed, agility, strong stakeholder influence and ability to build high performing purpose-based teams.

Educational Qualifications

Ms. Suri holds impressive academic credentials that have supported her successful corporate journey:

Qualification: Institution Architecture Degree: School of Planning and Architecture (SPA) - Triple Gold Medallist MBA: IIM Lucknow

Regulatory Compliance

The appointment has been made in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all disclosure requirements as mandated under SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026.

This strategic appointment reflects Mahindra & Mahindra's continued focus on strengthening its leadership team with experienced professionals who can drive growth and enhance customer experiences across the Group's diverse business portfolio.

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