Mahindra & Mahindra Ltd.

Mahindra & Mahindra has informed that the Company has received an intimation from Mahindra First Choice Wheels, a subsidiary of Mahindra Holdings (‘MHL’) which is a Wholly Owned Subsidiary of the Company, on 15th March, 2025 at 7.54 am as under: 1. The Mumbai Bench of the National Company Law Tribunal (‘NCLT’), on 11th February, 2025, had sanctioned the Composite Scheme of Amalgamation and Arrangement of Fifth Gear Ventures, a wholly owned subsidiary of Mahindra First Choice Wheels (‘FGVL’ or ‘Transferor Company’), with Mahindra First Choice Wheels (‘MFCWL’ or ‘Transferee Company’) and their Respective Shareholders (‘Scheme’), the certified copy of which was received on 25th February, 2025. 2. A Certified Copy of the Order dated 11th February, 2025 sanctioning the Scheme has been filed electronically by FGVL and MFCWL with the Registrar of Companies, Maharashtra, Mumbai on 15th March, 2025. Accordingly, the Scheme has become effective from 15th March, 2025. Pursuant to the Scheme being made effective, FGVL has ceased to be a subsidiary of MFCWL and that of MHL and the Company with effect from 15th March, 2025. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024 are given in Annexure A to this letter