MMMahindra & Mahindra500520ESOP

ESOP trust transfers equity shares to stock option grantees

Mahindra & Mahindra's Employees' Stock Option Trust transferred equity shares to stock option grantees on exercise of options.

By ScoutQuest · Wed 21 Oct 2026, 11:52 PM IST · 2 min read

Transfer Date

21st October 2026

Largest Lot Transferred

914 shares

Lot Size Range

2 shares to 914 shares

What the update says

• Mahindra & Mahindra's Employees' Stock Option Trust transferred equity shares to stock option grantees pursuant to the exercise of stock options granted under the company's Employees' Stock Option Scheme.
• The transfer was made on 21st October 2026, and the grantee-wise details are set out in Annexure I, in line with the undertaking given to the exchanges when the shares were allotted to the Trust.

The mechanism in plain terms

• Under an ESOP scheme, shares are first allotted to a Trust that holds them until employees exercise their options.
• When an employee exercises, the Trust transfers the shares to that employee. The shares had already been allotted to the Trust, so this step moves shares from the Trust to individual employees rather than creating fresh shares.

What the grantee list shows

• The annexure is a name-wise table with two columns: the grantee's name and the total number of equity shares transferred.
• Lot sizes vary widely. In the list, small lots include 2 shares, 3 shares, 4 shares and 5 shares, while the larger entries include 914 shares, 538 shares, 493 shares, 300 shares, 147 shares, 50 shares and 47 shares.
• Each figure is the number of equity shares transferred to that individual grantee.

How a retail investor can read this

• This is a routine employee stock option disclosure. It records shares moving out of the ESOP Trust into the hands of employees who exercised their options.
• The information is grantee-level, so the main takeaway is the spread of lot sizes rather than a single headline number for the company as a whole.
• Such transfers are a normal part of an operating ESOP scheme, and the update does not attach any commercial or operational information to them.

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