News ArticleMahindra & Mahindra Reports Rs. 10,677.32 Crore Related Party Sales to Mahindra Electric Automobile Limited for H1 2026
Company reveals major approved related party transactions mainly consisting of sales of goods and services across its subsidiaries and associates for the half year ended September 30, 2026
Mahindra & Mahindra Ltd published its disclosure of related party transactions for the half year ended 30th September 2026, detailing substantial sales of goods and services to its subsidiaries and associates. The highest transaction recorded was Rs. 10,677.32 crores with Mahindra Electric Automobile Limited. Other significant sales include large amounts with Mahindra South Africa, Mahindra Last Mile Mobility, and M.I.T.R.A Agro Equipments Private Limited. All transactions were approved and pertain to sale of goods or services without associated indebtedness or loans.
Mahindra & Mahindra Ltd
General / Other
Mahindra & Mahindra Ltd disclosed its related party transactions for the half year ended 30th September 2026, with notable sales of goods and services to its subsidiaries and associates. The largest transaction was with Mahindra Electric Automobile Limited amounting to Rs. 10,677.32 crores.
The company reported numerous approved sales transactions involving its group entities, including subsidiaries and associates. These transactions primarily represent sales of goods or services with values ranging from under Rs. 1 crore to over Rs. 10,000 crores.
Transactions were recorded against entities such as Mahindra & Mahindra South Africa (Rs. 786.96 crores), Mahindra Last Mile Mobility Limited (Rs. 720.41 crores), M.I.T.R.A Agro Equipments Private Limited (Rs. 126.54 crores), and others.
No loans, advances, or indebtedness details were reported alongside these sales, indicating these transactions were conducted on normal terms without outstanding financial liabilities.
This disclosure is filed in accordance with SEBI Regulations concerning related party transactions and is made available on the company’s website.
Highlights
- Total sales to Mahindra Electric Automobile Limited reached Rs. 10,677.32 crores in the half year ending September 2026.
- Sales transactions with subsidiaries including Mahindra South Africa and Mahindra Last Mile Mobility summed to Rs. 786.96 crores and Rs. 720.41 crores respectively.
- All related party transactions were approved and involved sale of goods or services without associated loans or financial advances.
- Disclosure complies with SEBI LODR regulations and the SEBI master circular dated 30th January 2026.
Key Data Snapshot
What happened
- Mahindra & Mahindra Ltd disclosed related party transactions for the half year ended 30th September 2026.
- Transactions mainly consist of sales of goods or services to subsidiaries and associates.
- No loans, advances, or indebtedness related to these transactions were reported or applicable.
- The disclosure follows SEBI regulatory requirements and is publicly available on the company website.
Key details
- Largest single transaction involved Rs. 10,677.32 crores in sales to Mahindra Electric Automobile Limited.
- Other notable transactions include Rs. 786.96 crores to Mahindra South Africa and Rs. 720.41 crores to Mahindra Last Mile Mobility Limited.
- Transactions were fully approved under internal and regulatory protocols.
- The nature of all transactions is sale of goods or services without financial advances.
Regulatory and governance context
- Report prepared according to Regulation 23(9) of SEBI LODR Regulations and SEBI Master Circular dated 30th January 2026.
- Disclosure ensures transparency of related party transactions in line with listing obligations.
- Serves to inform investors and stakeholders of intra-group transactions.
- Filed with National Stock Exchange, BSE, and posted on company website.
Highlights
- Total sales to Mahindra Electric Automobile Limited reached Rs. 10,677.32 crores in the half year ending September 2026.
- Sales transactions with subsidiaries including Mahindra South Africa and Mahindra Last Mile Mobility summed to Rs. 786.96 crores and Rs. 720.41 crores respectively.
- All related party transactions were approved and involved sale of goods or services without associated loans or financial advances.
- Disclosure complies with SEBI LODR regulations and the SEBI master circular dated 30th January 2026.
Disclosures
- Regulation 23(9) of SEBI LODR Regulations, 2015
- SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated 30th January 2026
Transactions mostly with subsidiaries and associates of Mahindra & Mahindra Ltd.
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