MAHINDRA & MAHINDRA LIMITED 14 Additional Information with respect to Item Nos. 4 & 5 and Explanatory Statement in respect of the Special Business in Item Nos. 6 to 9 pursuant to section 102 of the Companies Act, 2013. ITEM NO. 4 & 5 Proposals: Mr. Sat Pal Bhanoo (DIN: 10482731) and Mr. Ranjan Pant (DIN: 00005410), Non-Executive Non-Independent Directors of the Company, are liable to retire by rotation and being eligible, have offered themselves for re-appointment. The Members of the Company at the Seventy Eighth Annual General Meeting of the Company held on 31st July 2024 (“78th AGM”), approved the appointment of Mr. Sat Pal Bhanoo (Nominee of Life Insurance Corporation of India) and Mr. Ranjan Pant as Non-Executive and Non-Independent Directors of the Company, liable to retire by rotation, with effect from 17th May 2024. Brief resume of Mr. Bhanoo and Mr. Pant, age, qualifications, nature of their expertise in specific functional areas, disclosure of relationships between directors inter-se, names of listed entities and other companies in which they hold directorships and memberships/ chairmanships of Board Committees, shareholding in the Company, the number of Meetings of the Board attended during the year, along with disclosure pertaining to their resignation from listed entities in the past three years etc., as stipulated under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR Regulations") and Secretarial Standard on General Meetings issued by the Institute of Company Secretaries of India ("Secretarial Standard - 2") are stated herein, and are also provided in the Corporate Governance Report forming part of the Integrated Annual Report of the Company for the Financial Year 2025-26. The details as required under Regulation 36(3) of the SEBI LODR Regulations and Clause 1.2.5 of Secretarial Standard – 2 are given below: Sr. No Particulars 1. Name Mr. Sat Pal Bhanoo Mr. Ranjan Pant 2. Director Identification Number (DIN) 10482731 00005410 3. Date of Birth / Age 10th December 1965, 60 years 29th June 1959, 66 years 4. Qualifications Bachelor’s degree in history (Honors) from Himachal Pradesh University, Shimla. Bachelor of Mechanical Engineering (Honors) from BITS, Pilani and MBA in Finance from the Wharton School, University of Pennsylvania. 5. Category / Designation Non-Executive Non-Independent Director (Nominee of Life Insurance Corporation of India) Non-Executive Non-Independent Director 6. Date of first Appointment 17th May 2024 17th May 2024 7. Name of listed entities from which the person has resigned in the past three years Mr. Sat Pal Bhanoo’s tenure as a Managing Director of Life Insurance Corporation of India ended on 31st December 2025, pursuant to him reaching the age of superannuation. He has not resigned as a director from any listed entity in the past three years. Mr. Ranjan Pant has not resigned as a director from any listed entity in the past three years. 8. Directorship in other Companies as on 5th May 2026 Sr. No Name of the Company Position Held 1. Life Insurance Corporation (LIC) of Bangladesh Limited Chairman (Nominee Director) 2. LIC (Singapore) Pte Limited Chairman and Director 3. IDBI Bank Limited Non-Executive Nominee Director Sr. No Name of the Company Position Held 1. Schneider Electric President Systems Limited Chairman and Independent Director 2. Mahindra Accelo Limited Chairman, Non-Executive Non-Independent Director 3. Mahindra Auto Steel Private Limited 4. Mahindra Steel Service Centre Limited 5. Point RP Consulting Private Limited (OPC) Director
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