Mahindra & Mahindra reported FY26 consolidated revenue of ₹1,98,639 Crore, up 25% YoY, and PAT of ₹17,099 Crore, up 35%. The company declared a dividend of ₹33.0 per share. Strong performance was driven by SUV market leadership and Growth Gems momentum.
Mahindra & Mahindra Ltd reported a consolidated annual profit of ₹18,621.71 Crore for FY26. The board recommended a final dividend of ₹33 (660%) per share. Additionally, Mr. Vimal Agarwal was appointed as the Group Chief Internal Auditor, effective July 1, 2026.
Mahindra & Mahindra Limited submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The report, issued by M/s. Parikh & Associates, confirms the company's general compliance with SEBI regulations and listing requirements during the review period.
Mahindra & Mahindra reported April 2026 sales performance, with SUV sales growing 8% to 56,331 units and total auto volumes rising 14% to 94,627 units. Tractor sales saw 20% growth to 46,404 units, while Trucks & Buses business grew 11% to 3,011 units. The performance reflects positive momentum across passenger and farm equipment segments.
Mahindra & Mahindra's subsidiary, MEAL, allotted equity shares to BII and Temasek upon conversion of CCPS valued at ₹40,425 Crore. This transaction dilutes M&M's stake in MEAL from 99.99% to 92.45%, though it remains a subsidiary.
Mahindra & Mahindra Ltd submitted its annual disclosure for the centralized database of corporate bonds for FY 2025-26. The filing details two outstanding NCD series with a total issue size of ₹975 Crore. All interest payments for the period were made on time, and credit ratings remain reaffirmed at AAA/Stable by CRISIL, ICRA, and India Ratings.
Mahindra & Mahindra Ltd's employee stock option trust transferred 4,627 equity shares to 17 employee grantees on April 28, 2026. The transfer followed the exercise of options under the Company's Employees' Stock Option Scheme.
Mahindra & Mahindra Limited is acquiring an additional 0.2803% stake in Carnot Technologies Private Limited for ₹6.72 Crore. This cash transaction aims to consolidate the company's technology capabilities in precision farming and telematics. The acquisition is expected to conclude by May 31, 2026.
Mahindra & Mahindra is acquiring an additional 28.03% stake in its subsidiary, Carnot Technologies, for approximately ₹6.72 Crore. This transaction increases M&M's equity holding to 80.72% (89% voting rights). The move strengthens M&M's presence in precision farming and telematics technology, with completion expected by May 2026.
Mahindra & Mahindra appointed Ms. Shuchi Suri as Executive Vice President – Mahindra Experiences, effective May 14, 2026. Formerly a Global VP at Unilever, she will lead strategic experience initiatives across the Group's Auto and Holidays businesses. The appointment strengthens the senior leadership team with significant global consumer marketing expertise.
Mahindra & Mahindra executed a Novation and Amendment Agreement regarding its existing joint venture with Manulife. Manulife has transferred all rights and obligations under the JVA to its wholly owned subsidiary, Manulife Holdings (Bermuda) Limited. Other terms of the original agreement remain unchanged, ensuring continuity in the joint venture's operational framework.
Mahindra & Mahindra executed a novation agreement regarding its life insurance joint venture with Manulife. Manulife transferred all rights and obligations under the 2025 agreement to its wholly-owned subsidiary, Manulife Holdings (Bermuda) Limited. Core JVA terms remain unchanged as the subsidiary assumes all original obligations.
Mahindra & Mahindra Ltd. has appointed Ms. Shuchi Suri as Executive Vice President - Mahindra Experiences, effective May 14, 2026. Ms. Suri joins from Unilever with over 22 years of global experience. She will lead the Mahindra Adventure and Mahindra Holidays experience teams, reporting directly to Dr. Anish Shah.
Mahindra & Mahindra announced its patent portfolio grew 20x over a decade, reaching 1,334 granted patents in FY26 from 56 in FY16. The company achieved a 65%+ conversion rate for applications filed during this period. The portfolio includes filings from its subsidiary, Mahindra Electric Automobile Ltd, reflecting a strong focus on R&D and innovation.
Mahindra & Mahindra Ltd reported data for its privately placed Non-Convertible Debentures for the half-year ended March 31, 2026. The company has two outstanding NCD series totaling ₹975 Crore, with maturities in 2026 and 2063. The filing complies with SEBI reporting regulations for debt securities.
Mahindra & Mahindra is selling its step-down subsidiary, Erkunt Sanayi Anonim Şirketi, to Hisarlar Makina Sanayi ve Ticaret A.Ş. for approximately ₹256.02 Crore. The transaction includes extinguishing external debt and is expected to conclude by July 2026. The subsidiary contributed 0.49% to M&M's consolidated turnover in FY2025.
Mahindra & Mahindra Ltd. announced the divestment of its entire 99.04% stake in step-down subsidiary Erkunt Sanayi Anonim Şirketi to Hisarlar Makina Sanayi ve Ticaret A.Ş. and others for ~₹0.02 Crore. The transaction, expected to conclude by July 2026, aligns with the company's capital allocation framework and marks its exit from the foundry business.
Mahindra & Mahindra Ltd released its production, sales, and export figures for March 2026. The company reported total production of 1,02,701 units and sales of 1,00,194 units during the month. Utility vehicles and commercial vehicles remained the primary volume drivers, reflecting the company's monthly operational performance.
Mahindra & Mahindra Limited will invest ₹11.17 Crore to acquire a 26% direct stake in Neon Hybren Private Limited. Neon is developing a 30 MW solar project in Punjab. The acquisition ensures compliance with captive electricity rules while maintaining Neon's status as a step-down subsidiary.
Mahindra & Mahindra Ltd. will invest ₹11.17 Crore to acquire a 26% stake in Neon Hybren Private Limited. This strategic investment enables the company to procure solar power from a 30 MW group captive plant in Punjab, complying with captive user regulations. The transaction is expected to conclude by December 2026.
Mahindra & Mahindra Ltd's Employees' Stock Option Trust transferred 20,516 equity shares to eligible employees on April 7, 2026. This transfer followed the exercise of stock options granted under the Company's ESOP scheme.