MAHINDRA & MAHINDRA : DISCLOSURE FOR SALE OF EQUITY SHARES

• Dr. Anish Shah, Group CEO and Managing Director of the Company has sold 76,357 Equity Shares. • The majority of proceeds will be used to fund tax payable upon exercise of ESOPs. • This is for information and record. Impact: Neutral (Routine share sale by CEO for ESOP tax payment)

Mahindra & Mahindra Limited

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