In compliance with the undertaking given to the Exchanges at the time of listing of shares that were allotted to Mahindra & Mahindra Employees' Stock Option Trust ('the Trust'), we are enclosing the details of the Stock Option Grantees to whom the shares have been transferred by the Trust on 27th February, 2023, pursuant to the exercise of the Stock Options granted under the Company's Employees' Stock Option Scheme. The same is marked as Annexure I.