Mahindra & Mahindra Financial Services Ltd

Meeting Details

• Earnings conference call for MMFSL Q2 FY27 on 21 October 2026 at 18:30 IST.
• Mode: group earnings call, virtual via dial-in/audio conference.
• Venue: hosted from Mumbai.
• Organiser: Mahindra & Mahindra Financial Services Limited.

Participants

• Management: MD & CEO; CFO to participate.

Purpose

• Discuss Q2 FY27 financial performance.

NCD Allotment Details

• 125,000 secured NCDs of Rs 100,000 each allotted on private placement.
• Aggregate value Rs 1,250 crore; base issue Rs 1,000 crore plus greenshoe Rs 250 crore.
• Coupon fixed at 7.95% per annum; issued at par and listed on BSE Wholesale Debt Market.
• Allotment approved by Debenture Allotment Committee on 29 Sep 2026 at 12:30 IST.
• NCDs proposed to be listed on BSE Wholesale Debt Market Segment.

Meeting Details

• Date set: 21 October 2026; time and venue not disclosed.

Key Agenda Items

• Consider unaudited standalone and consolidated results for Q2 and half-year ended 30 Sep 2026, subject to limited review.

Other Notes

• Trading window closed from 1 October 2026 to 23 October 2026 for MMFSL securities.

Share transfer under RSU plan

• Transfer of 17,933 shares to Raul Rebello from the ESOP Trust on vesting, dated 25 Sep 2026.

NCD issuance: Series AE2026

• Security type: Secured, rated, listed, redeemable non-convertible debentures (NCDs).
• Issuance type: Private placement.
• Total securities: Up to 2,00,000 NCDs.
• Aggregate size: Up to Rs 2,000 crore (base Rs 1,000 crore, green shoe Rs 1,000 crore).
• Face value: Rs 1,00,000 per debenture; pay-in amount based on bid price.
• Listing: Listed on BSE Wholesale Debt Market.
• Tenor: 2 years 364 days (1095 days).
• Deemed allotment: 29 September 2026; Maturity: 28 September 2029.
• Coupon: Fixed 7.95% per annum.
• First coupon: 29 September 2027; Rs 7,950 per debenture.
• Second coupon: 29 September 2028; Rs 7,950 per debenture.
• Third coupon: 28 September 2029; Rs 7,928.22 per debenture.
• Security: Exclusive charge on present/future receivables, assets, and book debts.
• Security cover: 1.1x of outstanding debentures.
• Assets to be free from encumbrances.
• Default interest: 2% p.a. on default in coupon/principal.
• Redemption: 28 September 2029; Rs 1,00,000 per debenture.
• Governance: Debenture Issuance Committee approved within borrowing limits.

ESG rating update

• ESG rating 80 (Leader) for FY2026 NBFC sector assigned by Niche Ninety Nine Rating.
• Company did not engage the rating agency; rating based on publicly available information.
• Rating re-submitted to stock exchanges on 21 September 2026, with sector NBFC.
• Occurrence time: 21 September 2026 at 7:00 p.m. IST.
• Intimation uploaded on company website and regulatory filings.

ESOP share transfer

• ESOP Trust transferred 48,549 equity shares to 17 employees on 21 September 2026.
• Allocations under ESOP 2010 and RSU Plan 2023; recipient list in Annexure I.

Meeting Details

• Date and time: 22 September 2026, 1:00 PM to 4:00 PM IST.
• Mode: in-person; meeting type: one-on-one and group.
• Event: J.P. Morgan India Conference; venue: Mumbai.
• Audience: several funds and investors.

Participants

• Company Officials (management) expected as attendees.

Purpose

• Discuss business updates, quarterly results Q1 FY2027, and general business overview.
• Reference to earnings presentation previously sent to exchanges.

Additional Notes

• Disclosure hosted on the company's website.