Please find attached
Awaiting price reaction for this filing.
Mahindra & Mahindra has informed the exchanges that its Employees' Stock Option Trust transferred 26,739 equity shares to 36 employees on June 13, 2025. This transfer happened because these employees exercised the stock options that were previously granted to them under the company's ESOP Scheme. The largest allotments went to Ramesh Ramachandran (4,725 shares), Shankar Venugopal (3,413 shares), and Perumal J (2,912 shares). This is a routine disclosure required as part of the listing conditions the company accepted when the trust's shares were originally listed.
This is a routine ESOP exercise with no material impact on shareholders. The share transfer represents very minor dilution relative to M&M's overall share base and is a normal part of employee compensation, not a negative signal.