Outcome of Board Meeting - Change in Key Managerial Personnel (Chief Financial Officer)

Mahindra Holidays & Resorts India Ltd (MHRIL) has announced that Mr. Vimal Agarwal will resign as Chief Financial Officer and Key Managerial Personnel effective close of business on 30th June 2026. The reason cited is his transition to a new role within the Mahindra Group. Simultaneously, the Board has approved the appointment of Mr. Rajiv Vimal as the new CFO and KMP effective 1st July 2026. Mr. Rajiv Vimal is currently serving as CFO of PPG Asian Paints Private Limited and previously spent over 13 years in senior finance leadership roles at Vodafone. He is a Chartered Accountant and a Commerce graduate from St. Xavier's College, Kolkata. The appointment follows recommendation from the Nomination and Remuneration Committee and the Audit Committee.