Integrated Annual Report 2025-26 422 18. Equity share capital (Continued) (a) Reconciliation of number of ordinary (equity) shares and amount outstanding: Particulars 2026 2025 No. of Shares Rupees Crores No. of Shares Rupees Crores Issued, subscribed and paid-up: At the beginning of the year............................................................................................ 1,24,35,28,831 621.77 1,24,35,28,831 621.77 Less: Shares issued to M&M ESOP Trust but not allotted to Employees............ 4,14,88,827 20.75 4,27,45,042 21.38 Shares issued to M&M Benefit Trust............................................................................... 8,44,70,428 42.24 8,44,70,428 42.24 Adjusted issued, subscribed and paid-up share capital............................ 1,11,75,69,576 558.78 1,11,63,13,361 558.15 (b) The Ordinary (Equity) Shares of the Company rank pari-passu in all respects including voting rights and entitlement to dividend. (c) Details of Ordinary (Equity) Shares held by shareholders holding more than 5% of the aggregate Issued, Subscribed and Paid-up shares of the Company: Name of the Shareholder 2026 2025 No. of Shares % Shareholding No. of Shares % Shareholding Prudential Management & Services Private Limited..................................................... 13,22,21,940 10.63% 13,22,21,940 10.63% M&M Benefit Trust................................................................................................................................. 8,44,70,428 6.79% 8,44,70,428 6.79% Life Insurance Corporation of India............................................................................................ 7,82,69,976 6.29% 8,84,69,169 7.11%
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