Mahindra & Mahindra Ltd.

Mahindra Towers,

Dr. G. M. Bhosale Marg,

Worli, Mumbai 400 018 India

Tel: +91 22 2490 1441

Fax: +91 22 2490 0833

www.mahindra.com

REF: NS: SEC:

18th October, 2022

BSE Limited

National Stock Exchange of India

Phiroze Jeejeebhoy Towers,

Limited

Dalal Street, Fort,

"Exchange Plaza", 5th Floor,

Mumbai 400001.

Plot No.C/1, G Block

Bandra-Kurla Complex

Bandra (East), Mumbai 400051.

Bourse de Luxembourg

London Stock Exchange Plc

Societe de la Bourse de Luxembourg

10 Paternoster Square

Societe Anonyme/R.C.B. 6222,

London EC4M 7LS.

B.P. 165, L-2011 Luxembourg.

Sub: Transfer of Equity Shares by Mahindra & Mahindra Employees' Stock Option Trust to the Stock Option Grantees

In compliance with the undertaking given to the Exchanges at the time of listing of shares that were allotted to Mahindra & Mahindra Employees' Stock Option Trust ("the Trust"), we are enclosing the details of the Stock Option Grantees to whom the shares have been transferred by the Trust on 18th October, 2022, pursuant to the exercise of the Stock Options granted under the Company's Employees' Stock Option Scheme. The same is marked as Annexure I.

Kindly acknowledge receipt.

Yours faithfully,

For MAHINDRA & MAHINDRA LIMITED

NARAYAN SHANKAR

Digitally signed by NARAYAN SHANKAR

Date: 2022.10.18 22:16:09 +05'30'

NARAYAN SHANKAR COMPANY SECRETARY

Encl: a/a

Regd. Office: Gateway Building, Apollo Bunder, Mumbai 400 001, India | Tel: +91 22 22021031 | Fax:

+91 22 22875485 | Email:group.communications@mahindra.com|mahindra.com| CIN No. L65990MH1945PLC004558

ANNEXURE - I

MAHINDRA & MAHINDRA EMPLOYEES STOCK OPTION TRUST

LIST OF STOCK OPTION GRANTEES WHO HAVE EXERCISED THEIR OPTIONS

Sr. No.

Name

Total No. of Options exercised

1

Prashant Naravane

140

2

Alok Kumar

733

3

Rajdeepak Chatterjee

2456

4

Iranna Jadar

297

5

Rajesh Patil

311

6

Ajay Pillay

50

7

Sachin Sawant

174

8

Sachin Raskar

244

9

Partha Haldar

966

10

Rakesh Pande

100

11

Rajeev Rellan

3771

12

Santosh Deshmukh

100

13

Sadhana Verma

26

20

Neeraj Tyagi

351

21

R Siva Subramanian

308

22

Sonam Khanna

249

23

Gagan Bhasin

166

24

Rajan Raghunath Surve

1100

25

Yogesh Ghogale

470

26

C. R. Sivaraman

50

27

Deepak Chaudhary

52

28

Jayant Ingale

111

29

Nitin Patil

286

30

Sanjay Singh

3237

31

Divakar Salian

100

32

Surendra Khinchi

92

33

Satish Alagesan

225

34

Selvam Ganesan

88

35

Sachin Gejage

91

36

Vivek Arvind Gokhale

275

37

Pandurang Ramchandra Kurunkar

254

38

Amit Marathe

223

45

Suslove Biswas

230

46

Byomaprasad Sahoo

84

53

Aditya Bawa

134

54

Venkatesan S

659

55

Samir Khachane

495

56

Pathik Almoula

2026

57

Ganesh Shenoy

52

58

Niteen Karve

89

59

Shripad Dhumal

76

60

Anil Jadhav

246

61

Ramakrishna Naidu Peddinti

264

62

Rishabh Agarwal

96

63

Ravisankar Chandran

52

64

Gopinath S

156

65

Bishnu Prasad Das

107

66

MANOJ N SATASIYA

64

67

Raunak Srivastava

166

68

Deepak Sonawane

180

69

Sharad Pawar

178

70

Anoop Kumar

78

71

Santosh Kulkarni

610

78

ANIRUDDH SRIVASTAVA

1362

79

Manish Kumar Gupta

1546

80

AMARENDRA PRABU G

100

81

Sivaramakrishna Challa

100

82

Harish Lalchandani

950

83

Amit Raje

12200

TOTAL

50532

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Mahindra & Mahindra Ltd. published this content on 18 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2022 01:52:00 UTC.