M&M : DECLARATION UNDER REGULATION 31(4) OF SEBI SAST REGULATIONS, 2011

• Promoter and Persons Acting in Concert (PAC) declare no encumbrance on M&M shares during FY 2025-2026, except disclosed ones. • Mr. Sanjay Mohan Labroo pledged 40,000 shares (0.00% of share capital) as of April 1, 2025 and March 31, 2026. • No release of pledged shares during the year was reported. • Reason for pledge and name of entity in whose favour shares were encumbered are listed as N.A. Impact: Neutral (Standard corporate filing disclosing no new pledges.)

Mahindra & Mahindra Limited

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