Mahindra & Mahindra Limited | Integrated Annual Report 2025-26

Integrated Annual Report 2025-26 236 21. Details of non-compliance, etc. Your Company has complied with all the requirements of regulatory authorities. During the last three years, there were no instances of non-compliance by the Company and no penalty or strictures were imposed on the Company by the Stock Exchanges or SEBI or any statutory authority, on any matter related to the capital markets. The Company has also complied with the requirements of Corporate Governance Report of Paras (2) to (10) mentioned in Part C and Parts D to G of Schedule V of the SEBI LODR Regulations and disclosed necessary information as specified in Regulation 17 to 27 and Regulation 46(2) (b) to (i) and (t) of the SEBI LODR Regulations in the respective places in this Report. 22. Unclaimed Dividend and shares transferred to Investor Education and Protection Fund (‘IEPF’) In accordance with the provisions of sections 124 and 125 of the Act and Investor Education and Protection Fund (Accounting, Audit, Transfer and Refund) Rules, 2016 (‘IEPF Rules’), dividends which remain unpaid or unclaimed for a period of seven years from the date of transfer to the Unpaid Dividend Account shall be transferred by the Company to the Investor Education and Protection Fund (‘IEPF’). The IEPF Rules mandate companies to transfer all shares in respect of which dividend has not been paid or claimed for seven consecutive years or more in the name of IEPF. The Members whose dividend/ shares are transferred to the IEPF Authority can claim their shares/dividend from the IEPF Authority following the procedure prescribed in the IEPF Rules. I n accordance with the said IEPF Rules and its amendments, the Company had sent notices to all the Shareholders whose shares were due for transfer to the IEPF Authority and simultaneously newspaper advertisements were published. The details of Dividend remitted to IEPF during the year: Financial Year Dividend declared on Amount transferred to IEPF (in Rs.) Date of transfer to IEPF 2017-18 7th August 2018 2,43,08,137.50 22nd September 2025 2024-25* 31st July 2025 6,01,94,304.20 5th August 2025 * Dividend on shares which are already transferred to IEPF 23. Shares transferred/ credited to IEPF During the financial year 2025-26, the Company transferred 7,08,661 Ordinary (Equity) Shares to IEPF Authority corresponding to unclaimed dividend for the year 2017-18. The IEPF Authority holds 34,52,675 Ordinary (Equity) Shares in the Company as on 31st March 2026. Pursuant to IEPF Rules, given below are the details of Ordinary (Equity) Shares transferred to and released from IEPF Authority: Particulars Number of shares transferred to / released from IEPF Total number of shares held by IEPF as on 31st March 2018 22,00,468 Transferred to IEPF during the year 2018-19 61,352 Total number of shares held by IEPF as on 31st March 2019 22,61,820 Transferred to IEPF during the year 2019-20 62,079 Released from IEPF during the year 2019-20 (31,012) Total number of shares held by IEPF as on 31st March 2020 22,92,887 Transferred to IEPF on 8th April 2020 30 Total number of shares held by IEPF as on 8th April 2020 22,92,917 Transferred to IEPF during the year 2020-21 60,436 Released from IEPF during the year 2020-21 (13,412)

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