Mahindra & Mahindra Limited | Integrated Annual Report 2025-26

Integrated Annual Report 2025-26 160 Sr. No. Name of the Policy Brief description Summary of key changes made to the Policy during the year 15. Anti-Bribery and Anti-Corruption (ABAC) Policy While the basic tenets of anti-bribery and anticorruption policy are enshrined in the Code of Conduct of the Company, this Policy comprehensively captures the Company’s approach towards bribery and corruption in detail. There has been no change to this policy. 16. Investor Grievance Redressal Policy The Policy is to promote and build prompt Investor Grievance Redressal Mechanism and investor friendly relations. There has been no change to this policy. 17. Policy on Gifts & Entertainment The Policy lays down the guidelines for Acceptance of gifts and entertainment by employees of the Company. Permitted deviations and processes are laid down through this Policy. The Policy was amended with a view to clarify permissible acceptance and offering of gifts and business hospitality, defining appropriate contexts and cumulative applicability with clear approval requirements. It also streamlined authorization and oversight for event invitations, gifting on behalf of the Company, collective gifts by Managers, and compliance with applicable international Gifts & Entertainment norms for overseas roles or travel. 18. Risk Management Policy The Risk Management Policy, inter alia, includes identification of risks, including cyber security and related risks and also those which in the opinion of the Board may threaten the existence of the Company. The Policy has been amended to, inter alia, integrate the Company’s Enterprise Risk Management (ERM) framework, align risk classification principles, and provide clarity on structure, governance, roles and responsibilities to promote accountability and a structured risk management process. Overall, the revised Policy supports identification, assessment, prioritization, response, monitoring, and reporting of risks, making risk management more responsive to evolving business needs through operational integration and a comprehensive governance framework.

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