Mahindra Finance employees receive shares from stock option plans

Mahindra & Mahindra Financial Services Limited (Mahindra Finance) has transferred 65,128 equity shares from its Employees' Stock Option Trust to 18 eligible individuals. The transfer, which occurred on Wednesday, November 26, 2025, is a result of the exercise of vested stock options under two schemes: the Mahindra Financial Services Limited Employees' Stock Option Scheme – 2010 and the Mahindra & Mahindra Financial Services Limited - Restricted Stock Units Plan 2023.

Sandeep Mandrekar received the highest allocation with 11,750 shares, followed by Manish Sinha with 10,326 shares. Other notable recipients include Mahesh Rajaraman with 7,268 shares and Deepa Ranjeet with 6,527 shares. The company secretary, Brijbala Batwal, also received 3,749 equity shares.

This action signifies the ongoing execution of Mahindra Finance's employee incentive programs, aligning employee interests with the company's performance. The 65,128 equity shares represent the aggregate amount transferred in this specific transaction.