MAHINDRA & MAHINDRA LTD : SUBSIDIARY INCORPORATED

• Mahindra Kandivali Developers Limited (MKDL) incorporated on June 29, 2026, as a wholly owned subsidiary of Mahindra Lifespace Developers Limited • MKDL becomes a step-down subsidiary of Mahindra & Mahindra Limited • MKDL has authorised share capital of ₹5,00,000 and paid-up share capital of ₹1,00,000 • The business of MKDL is aligned with the company for construction business activity • Transaction is a related party transaction

Mahindra & Mahindra Ltd

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