Mahindra & Mahindra Financial Services Ltd Rights Issue

Please note that the Board of Directors of the Company to its Rights Issue Committee, at its meeting held has, inter-alia, considered and approved the following terms of the Rights Issue. 1. Total number of Equity Shares and Rights Issue size: 15,44,41,240 fully paid-up Equity Shares of face value of Rs. 2 each, for an aggregate amount not exceeding Rs. 2996,16,00,560 (Rupees Two Thousand Nine Hundred Ninety-six Crore Sixteen Lakh Five Hundred Sixty only). 2. Rights Issue Price Rs. 194 (Rupees One Hundred and Ninety-four only) per fully paid-up Equity Share (including a premium of Rs. 192 (Rupees One Hundred and Ninety-two only) per fully paid-up Equity Share). The entire Issue Price will be payable at the time of making the application in the Issue. ***** Entitlement Ratio: 1 (one) rights equity share for every 8 (eight) fully paid-up equity shares held by the eligible equity shareholders of the Company, as on the Record date (“eligible equity shareholders”). 4. Other terms of the Rights Issue to be included in the letter of offer to be filed by the Bank with the Securities and Exchange Board of India, BSE Limited and National Stock Exchange of India Limited. Rights Issue period: 1. Rights Issue Opening Date: Thursday, May 22, 2025 2. On-market renunciation period Start: Thursday, May 22, 2025 3. On-market renunciation period End: Tuesday, June 13, 2025 4. Off-market renunciation: It is noted that the eligible equity shareholders will have to ensure that renunciation through off-market transfers are completed in such a manner that the rights entitlements are credited to the demat account of the renounces on or prior to the Issue closing date ***** Issue Closing Date: Friday June 6, 2025;