MAHINDRA & MAHINDRA LIMITED 25 Sr. No. Specific Type of the Proposed Transactions Details of the Proposed Transaction Amount (Rs. in Crore) 6. Investment made by the listed entity or its subsidiary Transaction relates to making of investments in securities including equity, debt, convertible or non-convertible instruments and interest/commission or other related income/expenses 3,500 7. Transactions relating to payment of royalty Transactions relating to technology licensing/ intellectual property rights 70 TOTAL 35,000 The Company has received a brand/trademark license fee from MEAL for usage of ‘Mahindra’ brand/trade name at Rs. 1 lakh per annum and shall continue to charge the same rate during the period for which approval of material RPT is being sought at this AGM. M&M charges the above rate uniformly to other Group companies of Mahindra Group. The royalty payable for usage of technology licensing/Intellectual property rights to MEAL during the period from Eightieth Annual General Meeting of the Company upto the Eighty First Annual General Meeting of the Company to be held in the year 2027 is expected to be around Rs. 70 crore, which would be well below the permitted statutory ceiling as prescribed under Regulation 23 (1A) of SEBI LODR Regulations i.e. 5% of the annual consolidated turnover of the Company. 4. Tenure of the proposed transaction (tenure in number of years or months to be specified) The shareholders’ approval will be valid for the period commencing from the date of the Eightieth Annual General Meeting i.e., 30th July 2026 upto the date of the Eighty First Annual General Meeting of the Company to be held in the year 2027. 5. Whether omnibus approval is being sought? Yes 6. Justification as to why the RPTs proposed to be entered into are in the interest of the listed entity Mahindra Electric Automobile Limited (MEAL), a subsidiary of the Company is engaged in the business of four-wheel passenger electric vehicles. Your Company has approved an investment of Rs. 15,925 crore in MEAL to fund its EV journey, out of which, as at 31st March 2026, your Company has already invested Rs. 6,950.49 crore in MEAL. Pursuant to the aforesaid investments, the shareholding of the Company in MEAL stands at 92.45%, whereas British International Investment Plc ("BII") and Jongsong Investments Pte Ltd (“Temasek”) hold 4.58% and 2.97% respectively in MEAL. The funds infused by the Company, BII and Temasek will be utilized by MEAL primarily to create and market a world-class Electric SUV portfolio with advanced technologies. The Company expects to generate sufficient operating cash to satisfy all its capital investment needs and is not looking to raise additional capital. In line with the Company’s commitment to becoming planet-positive by 2040 and its strategic vision to lead the electric vehicle (“EV”) market, it is anticipated that 20% to 30% of its SUVs will be electric by 2027. This ambitious target will be a key driver in propelling the Company towards a leadership position in the EV SUV sector. The Company’s efforts will play a crucial role in the decarbonization of the automotive industry, both in India and globally. With the strong backing of BII and Temasek, coupled with the Company’s unwavering ambition, it is poised to build a globally desirable brand that sets new standards in sustainability and innovation. The Company will continue providing significant support to MEAL in terms of broader manufacturing capabilities, product development, design organizations and sourcing services along with the ecosystem of suppliers, dealers, and financiers of the Company.
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