Mahindra & Mahindra Limited | Integrated Annual Report 2025-26

Integrated Annual Report 2025-26 474 Name of the entity Net assets, i.e., total assets minus total liabilities Share of profit or loss Share of Other Comprehensive Income (OCI) Share of Total Comprehensive Income (TCI) As % of consolidated net assets Amount As % of consolidated profit or loss Amount As % of consolidated OCI Amount As % of consolidated TCI Amount Mahindra Emirates Vehicle Armouring FZ-LLC (Consolidated) 0.06% 51.40 0.05% 8.71 0.62% 4.45 0.07% 13.16 Mahindra Racing UK Limited # -0.01% (12.87) -0.14% (24.20) -0.10% (0.73) -0.14% (24.93) Mahindra Two Wheelers Europe Holdings S.a r.l 0.00% (0.03) 0.00% 0.11 0.00% (0.01) 0.00% 0.10 Mitsubishi Mahindra Agricultural Machinery Co. Ltd (Consolidated) 0.11% 100.21 -2.58% (440.84) 3.14% 22.61 -2.35% (418.23) Mahindra South East Asia Limited 0.01% 9.01 -0.09% (15.70) 0.32% 2.31 -0.08% (13.39) Mahindra do Brasil Industrial Ltda 0.30% 281.33 0.12% 19.85 6.48% 46.58 0.37% 66.43 Mahindra Automotive North America Inc. (Consolidated) 0.13% 125.22 -0.02% (4.22) 0.97% 6.95 0.02% 2.73 Erkunt Sanayi A.S. -0.02% (21.29) -3.67% (628.01) 15.13% 108.78 -2.91% (519.23) Erkunt Traktor Sanayii A.S 0.59% 545.28 -2.80% (479.06) 15.77% 113.42 -2.05% (365.64) Automobili Pininfarina GmbH (Consolidated) -0.14% (133.37) -1.57% (268.16) -1.95% (14.04) -1.58% (282.20) Mahindra Automotive Mauritius Limited 0.17% 153.96 -1.15% (197.03) 0.00% — -1.11% (197.03) Sampo Rosenlew Oy (upto 30th September, 2025) 0.21% 195.67 -0.05% (8.21) 3.04% 21.85 0.08% 13.64 Mahindra Investment Company Mauritius Limited (Formerly known as Mahindra-BT Investment Company (Mauritius) Limited ) (w.e.f. 19th December, 2025) 0.19% 174.65 0.01% 1.31 0.92% 6.58 0.04% 7.89 Associates (Investment as per the equity method) Indian Tech Mahindra Limited (Consolidated) 8.93% 8,310.08 7.89% 1,349.94 53.31% 383.28 9.73% 1,733.22 PSL Media & Communications Limited (upto 15th September, 2025) 0.00% — 0.00% 0.02 0.00% — 0.00% 0.02 Brainbees Solutions Limited (Consolidated) 0.47% 440.23 -0.11% (18.24) 0.05% 0.34 -0.10% (17.90) ReNew Sunlight Energy Private Limited 0.02% 14.28 0.00% 0.14 0.00% — 0.00% 0.14 Gelos Solren Private Limited (w.e.f. 15th December, 2025) 0.03% 24.66 0.00% (0.01) 0.00% — 0.00% (0.01) Blue Planet Integrated Waste Solutions Limited (upto 02nd March 2026) 0.00% — 0.00% (0.49) 0.00% — 0.00% (0.49) 49. Statement of net assets and profit and loss and other comprehensive income attributable to owners and non-controlling interest (Continued) Rupees crores

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