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Home › Companies › Mahindra & Mahindra Limited › 2024-2025

Mahindra & Mahindra Limited 2024-2025 Proxy Voting Records

At Mahindra & Mahindra Limited's shareholder meeting held July 31, 2024, in the 2024-2025 proxy season, 70 asset managers reported how they voted in their SEC Form N-PX filings, covering 3,277 separate fund positions. Their filings are grouped here into 45 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — Approve Revision in the Terms of Remuneration to Anand G. Mahindra, as Non-Executive Chairman — the reporting funds cast 99.9% of the shares they voted in favour (FOR divided by FOR plus AGAINST plus WITHHELD; abstained and unvoted shares are excluded because neither took a side). That is the aggregate of those managers' own N-PX disclosures, not the company's certified result, and the funds are a subset of all shareholders.

Download data (CSV): ballot items · votes by manager · column guide.

Compiled from SEC Form N-PX filings. Page generated November 8, 2026.

  • 45Reported items
  • 70Asset managers
  • 3,277Fund votes
  • July 31, 2024Meeting date

Results at a glance

No official results are on file for this meeting: no Form 8-K tally (Item 5.07) from Mahindra & Mahindra Limited has been matched to it. The figures below are the funds’ own votes from Form N-PX. They are not the meeting result, so they are not used to judge dissent.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore Mahindra & Mahindra Limited in the interactive database Compare manager voting policies

How asset managers voted at the Mahindra & Mahindra Limited 2024-2025 meeting

Each item below shows how the 70 asset managers that disclosed a Mahindra & Mahindra Limited vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of Mahindra & Mahindra Limited’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Approve Reappointment and Remuneration of Anish Shah as Managing Director and Chief Executive Officer of the Company…

98% of fund votes cast · no official result

FOR
Details: description as filed, votes by 52 asset managers

Description as filed by funds: Approve Reappointment and Remuneration of Anish Shah as Managing Director and Chief Executive Officer of the Company designated as "Group CEO and Managing Director"

The 52 asset managers below reported 83,342,514 for, 1,805,520 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 83,342,514AGAINST: 1,805,520
Largest asset managers voting on “Approve Reappointment and Remuneration of Anish Shah as Managing Director and Chief Executive Officer of the C” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,816,7640 00For
Fidelity12,107,7900 00For
EUPAC FUND6,911,9980 00For
Dimensional6,277,1660 00For
TIAA5,301,4750 00For
MFS3,792,5060 00For
WisdomTree3,340,0530 00For
Capital Group1,978,9460 00For
BARON SELECT FUNDS1,406,9620 00For
MATTHEWS INTERNATIONAL FUNDS1,246,7890 00For
OLD WESTBURY FUNDS INC1,197,2540 00For
Morgan Stanley1,119,6710 00For
Perpetual Americas Funds Trust935,4410 00For
INDIA FUND, INC.928,8700 00For
Franklin Templeton913,9140 00For
WILLIAM BLAIR FUNDS904,3610 00For
Principal0829,000 00Against
American Century0782,215 00Against
Columbia Threadneedle740,3110 00For
Aberdeen650,0920 00For
DRIEHAUS MUTUAL FUNDS518,6800 00For
BNY Mellon463,1660 00For
GuideStone420,0000 00For
Greater India Portfolio381,2460 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST364,4940 00For

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

2. Approve Reappointment and Remuneration of Rajesh Jejurikar as Whole-time Director designated as "Executive Director and…

67% of fund votes cast · no official result

FORAGAINST
Details: description as filed, votes by 52 asset managers

Description as filed by funds: Approve Reappointment and Remuneration of Rajesh Jejurikar as Whole-time Director designated as "Executive Director and CEO (Auto and Farm Sector)"

The 52 asset managers below reported 57,008,307 for, 28,139,727 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 57,008,307AGAINST: 28,139,727
Largest asset managers voting on “Approve Reappointment and Remuneration of Rajesh Jejurikar as Whole-time Director designated as "Executive Dir” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,816,7640 00For
Fidelity5,330,1936,777,597 00Mixed
EUPAC FUND6,911,9980 00For
Dimensional06,277,166 00Against
TIAA5,301,4750 00For
MFS3,792,5060 00For
WisdomTree03,340,053 00Against
Capital Group1,978,9460 00For
BARON SELECT FUNDS1,406,9620 00For
MATTHEWS INTERNATIONAL FUNDS01,246,789 00Against
OLD WESTBURY FUNDS INC01,197,254 00Against
Morgan Stanley24,1021,095,569 00Against
Perpetual Americas Funds Trust0935,441 00Against
INDIA FUND, INC.928,8700 00For
Franklin Templeton0913,914 00Against
WILLIAM BLAIR FUNDS0904,361 00Against
Principal0829,000 00Against
American Century0782,215 00Against
Columbia Threadneedle740,3110 00For
Aberdeen650,0920 00For
DRIEHAUS MUTUAL FUNDS0518,680 00Against
BNY Mellon452,82510,341 00For
GuideStone0420,000 00Against
Greater India Portfolio0381,246 00Against
CAUSEWAY CAPITAL MANAGEMENT TRUST0364,494 00Against

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

3. Elect Padmasree Warrior as Director

No official resultsDIRECTOR ELECTIONS

99.9% of fund votes cast · no official result

FOR
Details: votes by 52 asset managers

The 52 asset managers below reported 85,115,198 for, 32,836 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 85,115,198AGAINST: 32,836
Largest asset managers voting on “Elect Padmasree Warrior as Director” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,816,7640 00For
Fidelity12,107,7900 00For
EUPAC FUND6,911,9980 00For
Dimensional6,277,1660 00For
TIAA5,301,4750 00For
MFS3,792,5060 00For
WisdomTree3,340,0530 00For
Capital Group1,978,9460 00For
BARON SELECT FUNDS1,406,9620 00For
MATTHEWS INTERNATIONAL FUNDS1,246,7890 00For
OLD WESTBURY FUNDS INC1,197,2540 00For
Morgan Stanley1,119,6710 00For
Perpetual Americas Funds Trust935,4410 00For
INDIA FUND, INC.928,8700 00For
Franklin Templeton913,9140 00For
WILLIAM BLAIR FUNDS904,3610 00For
Principal829,0000 00For
American Century782,2150 00For
Columbia Threadneedle740,3110 00For
Aberdeen650,0920 00For
DRIEHAUS MUTUAL FUNDS518,6800 00For
BNY Mellon463,1660 00For
GuideStone420,0000 00For
Greater India Portfolio381,2460 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST364,4940 00For

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

4. Elect Ranjan Pant as Director

No official resultsDIRECTOR ELECTIONS

64% of fund votes cast · no official result

FORAGAINST
Details: votes by 52 asset managers

The 52 asset managers below reported 54,426,940 for, 30,721,094 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 54,426,940AGAINST: 30,721,094
Largest asset managers voting on “Elect Ranjan Pant as Director” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,816,7640 00For
Fidelity5,330,1936,777,597 00Mixed
EUPAC FUND6,911,9980 00For
Dimensional06,277,166 00Against
TIAA5,301,4750 00For
MFS3,792,5060 00For
WisdomTree03,340,053 00Against
Capital Group1,978,9460 00For
BARON SELECT FUNDS1,406,9620 00For
MATTHEWS INTERNATIONAL FUNDS01,246,789 00Against
OLD WESTBURY FUNDS INC01,197,254 00Against
Morgan Stanley24,1021,095,569 00Against
Perpetual Americas Funds Trust0935,441 00Against
INDIA FUND, INC.0928,870 00Against
Franklin Templeton0913,914 00Against
WILLIAM BLAIR FUNDS0904,361 00Against
Principal0829,000 00Against
American Century0782,215 00Against
Columbia Threadneedle0740,311 00Against
Aberdeen0650,092 00Against
DRIEHAUS MUTUAL FUNDS0518,680 00Against
BNY Mellon452,82510,341 00For
GuideStone0420,000 00Against
Greater India Portfolio0381,246 00Against
CAUSEWAY CAPITAL MANAGEMENT TRUST0364,494 00Against

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

5. Elect Sat Pal Bhanoo as Director

No official resultsDIRECTOR ELECTIONS

65% of fund votes cast · no official result

FORAGAINST
Details: votes by 52 asset managers

The 52 asset managers below reported 55,255,940 for, 29,892,094 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 55,255,940AGAINST: 29,892,094
Largest asset managers voting on “Elect Sat Pal Bhanoo as Director” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,816,7640 00For
Fidelity5,330,1936,777,597 00Mixed
EUPAC FUND6,911,9980 00For
Dimensional06,277,166 00Against
TIAA5,301,4750 00For
MFS3,792,5060 00For
WisdomTree03,340,053 00Against
Capital Group1,978,9460 00For
BARON SELECT FUNDS1,406,9620 00For
MATTHEWS INTERNATIONAL FUNDS01,246,789 00Against
OLD WESTBURY FUNDS INC01,197,254 00Against
Morgan Stanley24,1021,095,569 00Against
Perpetual Americas Funds Trust0935,441 00Against
INDIA FUND, INC.0928,870 00Against
Franklin Templeton0913,914 00Against
WILLIAM BLAIR FUNDS0904,361 00Against
Principal829,0000 00For
American Century0782,215 00Against
Columbia Threadneedle0740,311 00Against
Aberdeen0650,092 00Against
DRIEHAUS MUTUAL FUNDS0518,680 00Against
BNY Mellon452,82510,341 00For
GuideStone0420,000 00Against
Greater India Portfolio0381,246 00Against
CAUSEWAY CAPITAL MANAGEMENT TRUST0364,494 00Against

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

6. Reelect Anish Shah as Director

No official resultsDIRECTOR ELECTIONS

93% of fund votes cast · no official result

FOR
Details: votes by 52 asset managers

The 52 asset managers below reported 78,941,040 for, 6,206,994 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 78,941,040AGAINST: 6,206,994
Largest asset managers voting on “Reelect Anish Shah as Director” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,816,7640 00For
Fidelity12,107,7900 00For
EUPAC FUND6,911,9980 00For
Dimensional6,277,1660 00For
TIAA05,301,475 00Against
MFS3,792,5060 00For
WisdomTree3,340,0530 00For
Capital Group1,978,9460 00For
BARON SELECT FUNDS1,406,9620 00For
MATTHEWS INTERNATIONAL FUNDS1,246,7890 00For
OLD WESTBURY FUNDS INC1,197,2540 00For
Morgan Stanley1,119,6710 00For
Perpetual Americas Funds Trust935,4410 00For
INDIA FUND, INC.928,8700 00For
Franklin Templeton913,9140 00For
WILLIAM BLAIR FUNDS904,3610 00For
Principal829,0000 00For
American Century0782,215 00Against
Columbia Threadneedle740,3110 00For
Aberdeen650,0920 00For
DRIEHAUS MUTUAL FUNDS518,6800 00For
BNY Mellon463,1660 00For
GuideStone420,0000 00For
Greater India Portfolio381,2460 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST364,4940 00For

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

7. Reelect Haigreve Khaitan as Director

No official resultsDIRECTOR ELECTIONS

34% of fund votes cast · no official result

FORAGAINST
Details: votes by 52 asset managers

The 52 asset managers below reported 28,875,210 for, 56,272,824 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 28,875,210AGAINST: 56,272,824
Largest asset managers voting on “Reelect Haigreve Khaitan as Director” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,816,7640 00For
Fidelity012,107,790 00Against
EUPAC FUND06,911,998 00Against
Dimensional06,277,166 00Against
TIAA05,301,475 00Against
MFS03,792,506 00Against
WisdomTree03,340,053 00Against
Capital Group01,978,946 00Against
BARON SELECT FUNDS01,406,962 00Against
MATTHEWS INTERNATIONAL FUNDS01,246,789 00Against
OLD WESTBURY FUNDS INC01,197,254 00Against
Morgan Stanley24,1021,095,569 00Against
Perpetual Americas Funds Trust0935,441 00Against
INDIA FUND, INC.0928,870 00Against
Franklin Templeton0913,914 00Against
WILLIAM BLAIR FUNDS0904,361 00Against
Principal0829,000 00Against
American Century0782,215 00Against
Columbia Threadneedle0740,311 00Against
Aberdeen0650,092 00Against
DRIEHAUS MUTUAL FUNDS0518,680 00Against
BNY Mellon0463,166 00Against
GuideStone0420,000 00Against
Greater India Portfolio0381,246 00Against
CAUSEWAY CAPITAL MANAGEMENT TRUST0364,494 00Against

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

8. Reelect Shikha Sharma as Director

No official resultsDIRECTOR ELECTIONS

99.4% of fund votes cast · no official result

FOR
Details: votes by 52 asset managers

The 52 asset managers below reported 84,712,054 for, 435,980 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 84,712,054AGAINST: 435,980
Largest asset managers voting on “Reelect Shikha Sharma as Director” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,816,7640 00For
Fidelity12,107,7900 00For
EUPAC FUND6,911,9980 00For
Dimensional6,277,1660 00For
TIAA5,301,4750 00For
MFS3,792,5060 00For
WisdomTree3,340,0530 00For
Capital Group1,978,9460 00For
BARON SELECT FUNDS1,406,9620 00For
MATTHEWS INTERNATIONAL FUNDS1,246,7890 00For
OLD WESTBURY FUNDS INC1,197,2540 00For
Morgan Stanley1,119,6710 00For
Perpetual Americas Funds Trust935,4410 00For
INDIA FUND, INC.928,8700 00For
Franklin Templeton913,9140 00For
WILLIAM BLAIR FUNDS904,3610 00For
Principal829,0000 00For
American Century782,2150 00For
Columbia Threadneedle740,3110 00For
Aberdeen650,0920 00For
DRIEHAUS MUTUAL FUNDS518,6800 00For
BNY Mellon463,1660 00For
GuideStone420,0000 00For
Greater India Portfolio381,2460 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST364,4940 00For

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

9. Elect Anish Dilip Shah

No official resultsDIRECTOR ELECTIONS

98% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 7,209,267 for, 125,718 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 7,209,267AGAINST: 125,718
Largest asset managers voting on “Elect Anish Dilip Shah” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Hartford2,563,2060 00For
Charles Schwab1,914,6410 00For
Prudential/PGIM1,099,6010 00For
Fidelity671,4100 00For
Vanguard398,9840 00For
Mercer Funds342,4040 00For
Russell Investments0125,718 00Against
Transamerica103,7580 00For
SEI73,2660 00For
Global X41,9970 00For

10. Elect Haigreve Khaitan

No official resultsDIRECTOR ELECTIONS

23% of fund votes cast · no official result

FORAGAINST
Details: votes by 10 asset managers

The 10 asset managers below reported 1,658,764 for, 5,676,221 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,658,764AGAINST: 5,676,221
Largest asset managers voting on “Elect Haigreve Khaitan” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Hartford56,4212,506,785 00Against
Charles Schwab01,914,641 00Against
Prudential/PGIM1,099,6010 00For
Fidelity0671,410 00Against
Vanguard398,9840 00For
Mercer Funds0342,404 00Against
Russell Investments0125,718 00Against
Transamerica103,7580 00For
SEI073,266 00Against
Global X041,997 00Against

11. Elect Padmasree Warrior

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 7,334,985 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 7,334,985
Largest asset managers voting on “Elect Padmasree Warrior” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Hartford2,563,2060 00For
Charles Schwab1,914,6410 00For
Prudential/PGIM1,099,6010 00For
Fidelity671,4100 00For
Vanguard398,9840 00For
Mercer Funds342,4040 00For
Russell Investments125,7180 00For
Transamerica103,7580 00For
SEI73,2660 00For
Global X41,9970 00For

12. Elect Ranjan Pant

No official resultsDIRECTOR ELECTIONS

24% of fund votes cast · no official result

FORAGAINST
Details: votes by 10 asset managers

The 10 asset managers below reported 1,784,482 for, 5,550,503 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 1,784,482AGAINST: 5,550,503
Largest asset managers voting on “Elect Ranjan Pant” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Hartford56,4212,506,785 00Against
Charles Schwab01,914,641 00Against
Prudential/PGIM1,099,6010 00For
Fidelity0671,410 00Against
Vanguard398,9840 00For
Mercer Funds0342,404 00Against
Russell Investments125,7180 00For
Transamerica103,7580 00For
SEI073,266 00Against
Global X041,997 00Against

13. Elect Sat Pal Bhanoo

No official resultsDIRECTOR ELECTIONS

54.4% of fund votes cast · no official result

FORAGAINST
Details: votes by 10 asset managers

The 10 asset managers below reported 3,939,089 for, 3,308,044 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,939,089AGAINST: 3,308,044
Largest asset managers voting on “Elect Sat Pal Bhanoo” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Hartford56,4212,506,785 00Against
Charles Schwab1,914,6410 00For
Prudential/PGIM1,099,6010 00For
Fidelity0671,410 00Against
Vanguard398,9840 00For
Mercer Funds166,70087,852 00Mixed
Russell Investments125,7180 00For
Transamerica103,7580 00For
SEI73,2660 00For
Global X041,997 00Against

14. Elect Shikha Sharma

No official resultsDIRECTOR ELECTIONS

55.0% of fund votes cast · no official result

FORAGAINST
Details: votes by 10 asset managers

The 10 asset managers below reported 4,031,072 for, 3,303,913 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 4,031,072AGAINST: 3,303,913
Largest asset managers voting on “Elect Shikha Sharma” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Hartford56,4212,506,785 00Against
Charles Schwab1,914,6410 00For
Prudential/PGIM1,099,6010 00For
Fidelity0671,410 00Against
Vanguard398,9840 00For
Mercer Funds342,4040 00For
Russell Investments0125,718 00Against
Transamerica103,7580 00For
SEI73,2660 00For
Global X41,9970 00For

15. Re-appointment of Anish Shah (Managing Director and CEO); Approval of Remuneration

69% of fund votes cast · no official result

FORAGAINST
Details: votes by 10 asset managers

The 10 asset managers below reported 4,966,808 for, 2,280,325 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 4,966,808AGAINST: 2,280,325
Largest asset managers voting on “Re-appointment of Anish Shah (Managing Director and CEO); Approval of Remuneration” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Hartford2,563,2060 00For
Charles Schwab01,914,641 00Against
Prudential/PGIM1,099,6010 00For
Fidelity671,4100 00For
Vanguard398,9840 00For
Mercer Funds87,852166,700 00Mixed
Russell Investments0125,718 00Against
Transamerica103,7580 00For
SEI073,266 00Against
Global X41,9970 00For

16. Re-appointment of Rajesh Jejurikar (Whole-time Director); Approval of Remuneration

66% of fund votes cast · no official result

FORAGAINST
Details: votes by 10 asset managers

The 10 asset managers below reported 4,836,959 for, 2,498,026 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 4,836,959AGAINST: 2,498,026
Largest asset managers voting on “Re-appointment of Rajesh Jejurikar (Whole-time Director); Approval of Remuneration” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Hartford2,563,2060 00For
Charles Schwab01,914,641 00Against
Prudential/PGIM1,099,6010 00For
Fidelity671,4100 00For
Vanguard398,9840 00For
Mercer Funds0342,404 00Against
Russell Investments0125,718 00Against
Transamerica103,7580 00For
SEI073,266 00Against
Global X041,997 00Against

17. Appointment of MR. ranjan pant (DIN: 00005410), as a non-executive non-independent director

No official resultsDIRECTOR ELECTIONS

81% of fund votes cast · no official result

FORAGAINST
Details: description as filed, votes by 10 asset managers

Description as filed by funds: APPOINTMENT OF MR. RANJAN PANT (DIN: 00005410), AS A NON-EXECUTIVE NON-INDEPENDENT DIRECTOR

The 10 asset managers below reported 24,388,303 for, 5,567,224 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 24,388,303AGAINST: 5,567,224
Largest asset managers voting on “APPOINTMENT OF MR. RANJAN PANT (DIN: 00005410), AS A NON-EXECUTIVE NON-INDEPENDENT DIRECTOR” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock23,641,0280 00For
RBC FUNDS TRUST03,853,039 00Against
John Hancock01,127,907 00Against
Brown Advisory Funds503,0720 00For
JPMorgan0453,753 00Against
Calamos200,0600 00For
Jackson National0111,089 00Against
MASTER INVESTMENT PORTFOLIO44,1430 00For
Krane Shares Trust015,602 00Against
GPS Funds I05,834 00Against

18. Appointment of MR. SAT PAL bhanoo (DIN: 10482731), as a non-executive non-independent director

No official resultsDIRECTOR ELECTIONS

81% of fund votes cast · no official result

FORAGAINST
Details: description as filed, votes by 10 asset managers

Description as filed by funds: APPOINTMENT OF MR. SAT PAL BHANOO (DIN: 10482731), AS A NON-EXECUTIVE NON-INDEPENDENT DIRECTOR

The 10 asset managers below reported 24,403,905 for, 5,551,622 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 24,403,905AGAINST: 5,551,622
Largest asset managers voting on “APPOINTMENT OF MR. SAT PAL BHANOO (DIN: 10482731), AS A NON-EXECUTIVE NON-INDEPENDENT DIRECTOR” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock23,641,0280 00For
RBC FUNDS TRUST03,853,039 00Against
John Hancock01,127,907 00Against
Brown Advisory Funds503,0720 00For
JPMorgan0453,753 00Against
Calamos200,0600 00For
Jackson National0111,089 00Against
MASTER INVESTMENT PORTFOLIO44,1430 00For
Krane Shares Trust15,6020 00For
GPS Funds I05,834 00Against

19. Appointment of MS. padmasree warrior (DIN: 10387032), as an independent director

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 10 asset managers

Description as filed by funds: APPOINTMENT OF MS. PADMASREE WARRIOR (DIN: 10387032), AS AN INDEPENDENT DIRECTOR

The 10 asset managers below reported 29,955,527 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 29,955,527
Largest asset managers voting on “APPOINTMENT OF MS. PADMASREE WARRIOR (DIN: 10387032), AS AN INDEPENDENT DIRECTOR” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock23,641,0280 00For
RBC FUNDS TRUST3,853,0390 00For
John Hancock1,127,9070 00For
Brown Advisory Funds503,0720 00For
JPMorgan453,7530 00For
Calamos200,0600 00For
Jackson National111,0890 00For
MASTER INVESTMENT PORTFOLIO44,1430 00For
Krane Shares Trust15,6020 00For
GPS Funds I5,8340 00For

20. Re-appointment of DR. anish shah (DIN: 02719429) as managing director and chief executive officer of the company…

99.9% of fund votes cast · no official result

FOR
Details: description as filed, votes by 10 asset managers

Description as filed by funds: RE-APPOINTMENT OF DR. ANISH SHAH (DIN: 02719429) AS MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER OF THE COMPANY DESIGNATED AS "GROUP CEO AND MANAGING DIRECTOR" WITH EFFECT FROM 1ST APRIL, 2025 TO 31ST MARCH, 2030

The 10 asset managers below reported 29,939,925 for, 15,602 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 29,939,925AGAINST: 15,602
Largest asset managers voting on “RE-APPOINTMENT OF DR. ANISH SHAH (DIN: 02719429) AS MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER OF THE COMPA” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock23,641,0280 00For
RBC FUNDS TRUST3,853,0390 00For
John Hancock1,127,9070 00For
Brown Advisory Funds503,0720 00For
JPMorgan453,7530 00For
Calamos200,0600 00For
Jackson National111,0890 00For
MASTER INVESTMENT PORTFOLIO44,1430 00For
Krane Shares Trust015,602 00Against
GPS Funds I5,8340 00For

21. Accept Consolidated Financial Statements and Statutory Reports

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 52 asset managers

The 52 asset managers below reported 85,148,034 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 85,148,034
Largest asset managers voting on “Accept Consolidated Financial Statements and Statutory Reports” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,816,7640 00For
Fidelity12,107,7900 00For
EUPAC FUND6,911,9980 00For
Dimensional6,277,1660 00For
TIAA5,301,4750 00For
MFS3,792,5060 00For
WisdomTree3,340,0530 00For
Capital Group1,978,9460 00For
BARON SELECT FUNDS1,406,9620 00For
MATTHEWS INTERNATIONAL FUNDS1,246,7890 00For
OLD WESTBURY FUNDS INC1,197,2540 00For
Morgan Stanley1,119,6710 00For
Perpetual Americas Funds Trust935,4410 00For
INDIA FUND, INC.928,8700 00For
Franklin Templeton913,9140 00For
WILLIAM BLAIR FUNDS904,3610 00For
Principal829,0000 00For
American Century782,2150 00For
Columbia Threadneedle740,3110 00For
Aberdeen650,0920 00For
DRIEHAUS MUTUAL FUNDS518,6800 00For
BNY Mellon463,1660 00For
GuideStone420,0000 00For
Greater India Portfolio381,2460 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST364,4940 00For

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

22. Accept Standalone Financial Statements and Statutory Reports

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 52 asset managers

The 52 asset managers below reported 85,148,034 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 85,148,034
Largest asset managers voting on “Accept Standalone Financial Statements and Statutory Reports” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,816,7640 00For
Fidelity12,107,7900 00For
EUPAC FUND6,911,9980 00For
Dimensional6,277,1660 00For
TIAA5,301,4750 00For
MFS3,792,5060 00For
WisdomTree3,340,0530 00For
Capital Group1,978,9460 00For
BARON SELECT FUNDS1,406,9620 00For
MATTHEWS INTERNATIONAL FUNDS1,246,7890 00For
OLD WESTBURY FUNDS INC1,197,2540 00For
Morgan Stanley1,119,6710 00For
Perpetual Americas Funds Trust935,4410 00For
INDIA FUND, INC.928,8700 00For
Franklin Templeton913,9140 00For
WILLIAM BLAIR FUNDS904,3610 00For
Principal829,0000 00For
American Century782,2150 00For
Columbia Threadneedle740,3110 00For
Aberdeen650,0920 00For
DRIEHAUS MUTUAL FUNDS518,6800 00For
BNY Mellon463,1660 00For
GuideStone420,0000 00For
Greater India Portfolio381,2460 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST364,4940 00For

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

23. Approve Dividend

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 52 asset managers

The 52 asset managers below reported 85,148,034 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 85,148,034
Largest asset managers voting on “Approve Dividend” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,816,7640 00For
Fidelity12,107,7900 00For
EUPAC FUND6,911,9980 00For
Dimensional6,277,1660 00For
TIAA5,301,4750 00For
MFS3,792,5060 00For
WisdomTree3,340,0530 00For
Capital Group1,978,9460 00For
BARON SELECT FUNDS1,406,9620 00For
MATTHEWS INTERNATIONAL FUNDS1,246,7890 00For
OLD WESTBURY FUNDS INC1,197,2540 00For
Morgan Stanley1,119,6710 00For
Perpetual Americas Funds Trust935,4410 00For
INDIA FUND, INC.928,8700 00For
Franklin Templeton913,9140 00For
WILLIAM BLAIR FUNDS904,3610 00For
Principal829,0000 00For
American Century782,2150 00For
Columbia Threadneedle740,3110 00For
Aberdeen650,0920 00For
DRIEHAUS MUTUAL FUNDS518,6800 00For
BNY Mellon463,1660 00For
GuideStone420,0000 00For
Greater India Portfolio381,2460 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST364,4940 00For

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

24. Accounts and Reports (Consolidated)

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 7,334,985 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 7,334,985
Largest asset managers voting on “Accounts and Reports (Consolidated)” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Hartford2,563,2060 00For
Charles Schwab1,914,6410 00For
Prudential/PGIM1,099,6010 00For
Fidelity671,4100 00For
Vanguard398,9840 00For
Mercer Funds342,4040 00For
Russell Investments125,7180 00For
Transamerica103,7580 00For
SEI73,2660 00For
Global X41,9970 00For

25. Accounts and Reports (Standalone)

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 7,334,985 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 7,334,985
Largest asset managers voting on “Accounts and Reports (Standalone)” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Hartford2,563,2060 00For
Charles Schwab1,914,6410 00For
Prudential/PGIM1,099,6010 00For
Fidelity671,4100 00For
Vanguard398,9840 00For
Mercer Funds342,4040 00For
Russell Investments125,7180 00For
Transamerica103,7580 00For
SEI73,2660 00For
Global X41,9970 00For

26. Allocation of Profits/Dividends

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 7,334,985 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 7,334,985
Largest asset managers voting on “Allocation of Profits/Dividends” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Hartford2,563,2060 00For
Charles Schwab1,914,6410 00For
Prudential/PGIM1,099,6010 00For
Fidelity671,4100 00For
Vanguard398,9840 00For
Mercer Funds342,4040 00For
Russell Investments125,7180 00For
Transamerica103,7580 00For
SEI73,2660 00For
Global X41,9970 00For

27. Declaration of dividend on ordinary (equity) shares

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 10 asset managers

Description as filed by funds: DECLARATION OF DIVIDEND ON ORDINARY (EQUITY) SHARES

The 10 asset managers below reported 29,955,527 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 29,955,527
Largest asset managers voting on “DECLARATION OF DIVIDEND ON ORDINARY (EQUITY) SHARES” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock23,641,0280 00For
RBC FUNDS TRUST3,853,0390 00For
John Hancock1,127,9070 00For
Brown Advisory Funds503,0720 00For
JPMorgan453,7530 00For
Calamos200,0600 00For
Jackson National111,0890 00For
MASTER INVESTMENT PORTFOLIO44,1430 00For
Krane Shares Trust15,6020 00For
GPS Funds I5,8340 00For

28. Approve Material Modification of Earlier Approved Material Related Party Transactions Between the Company and Mahindra…

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 52 asset managers

Description as filed by funds: Approve Material Modification of Earlier Approved Material Related Party Transactions Between the Company and Mahindra Electric Automobile Limited

The 52 asset managers below reported 85,148,034 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 85,148,034
Largest asset managers voting on “Approve Material Modification of Earlier Approved Material Related Party Transactions Between the Company and ” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,816,7640 00For
Fidelity12,107,7900 00For
EUPAC FUND6,911,9980 00For
Dimensional6,277,1660 00For
TIAA5,301,4750 00For
MFS3,792,5060 00For
WisdomTree3,340,0530 00For
Capital Group1,978,9460 00For
BARON SELECT FUNDS1,406,9620 00For
MATTHEWS INTERNATIONAL FUNDS1,246,7890 00For
OLD WESTBURY FUNDS INC1,197,2540 00For
Morgan Stanley1,119,6710 00For
Perpetual Americas Funds Trust935,4410 00For
INDIA FUND, INC.928,8700 00For
Franklin Templeton913,9140 00For
WILLIAM BLAIR FUNDS904,3610 00For
Principal829,0000 00For
American Century782,2150 00For
Columbia Threadneedle740,3110 00For
Aberdeen650,0920 00For
DRIEHAUS MUTUAL FUNDS518,6800 00For
BNY Mellon463,1660 00For
GuideStone420,0000 00For
Greater India Portfolio381,2460 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST364,4940 00For

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

29. Approve Material Related Party Transactions Pertaining to Subsidiaries of the Company

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 52 asset managers

The 52 asset managers below reported 85,148,034 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 85,148,034
Largest asset managers voting on “Approve Material Related Party Transactions Pertaining to Subsidiaries of the Company” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,816,7640 00For
Fidelity12,107,7900 00For
EUPAC FUND6,911,9980 00For
Dimensional6,277,1660 00For
TIAA5,301,4750 00For
MFS3,792,5060 00For
WisdomTree3,340,0530 00For
Capital Group1,978,9460 00For
BARON SELECT FUNDS1,406,9620 00For
MATTHEWS INTERNATIONAL FUNDS1,246,7890 00For
OLD WESTBURY FUNDS INC1,197,2540 00For
Morgan Stanley1,119,6710 00For
Perpetual Americas Funds Trust935,4410 00For
INDIA FUND, INC.928,8700 00For
Franklin Templeton913,9140 00For
WILLIAM BLAIR FUNDS904,3610 00For
Principal829,0000 00For
American Century782,2150 00For
Columbia Threadneedle740,3110 00For
Aberdeen650,0920 00For
DRIEHAUS MUTUAL FUNDS518,6800 00For
BNY Mellon463,1660 00For
GuideStone420,0000 00For
Greater India Portfolio381,2460 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST364,4940 00For

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

30. Related Party Transactions (Mahindra Electric Automobile Limited)

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 7,334,985 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 7,334,985
Largest asset managers voting on “Related Party Transactions (Mahindra Electric Automobile Limited)” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Hartford2,563,2060 00For
Charles Schwab1,914,6410 00For
Prudential/PGIM1,099,6010 00For
Fidelity671,4100 00For
Vanguard398,9840 00For
Mercer Funds342,4040 00For
Russell Investments125,7180 00For
Transamerica103,7580 00For
SEI73,2660 00For
Global X41,9970 00For

31. Related Party Transactions (Subsidiaries)

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 7,334,985 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 7,334,985
Largest asset managers voting on “Related Party Transactions (Subsidiaries)” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Hartford2,563,2060 00For
Charles Schwab1,914,6410 00For
Prudential/PGIM1,099,6010 00For
Fidelity671,4100 00For
Vanguard398,9840 00For
Mercer Funds342,4040 00For
Russell Investments125,7180 00For
Transamerica103,7580 00For
SEI73,2660 00For
Global X41,9970 00For

32. Approval for material related party transactions pertaining to subsidiaries of the company

No official resultsEXTRAORDINARY TRANSACTIONS

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 10 asset managers

Description as filed by funds: APPROVAL FOR MATERIAL RELATED PARTY TRANSACTIONS PERTAINING TO SUBSIDIARIES OF THE COMPANY

The 10 asset managers below reported 29,955,527 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 29,955,527
Largest asset managers voting on “APPROVAL FOR MATERIAL RELATED PARTY TRANSACTIONS PERTAINING TO SUBSIDIARIES OF THE COMPANY” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock23,641,0280 00For
RBC FUNDS TRUST3,853,0390 00For
John Hancock1,127,9070 00For
Brown Advisory Funds503,0720 00For
JPMorgan453,7530 00For
Calamos200,0600 00For
Jackson National111,0890 00For
MASTER INVESTMENT PORTFOLIO44,1430 00For
Krane Shares Trust15,6020 00For
GPS Funds I5,8340 00For

33. Material modification of earlier approved material related party transactions between the company and Mahindra electric…

No official resultsEXTRAORDINARY TRANSACTIONS

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 10 asset managers

Description as filed by funds: MATERIAL MODIFICATION OF EARLIER APPROVED MATERIAL RELATED PARTY TRANSACTIONS BETWEEN THE COMPANY AND MAHINDRA ELECTRIC AUTOMOBILE LIMITED, A SUBSIDIARY OF THE COMPANY

The 10 asset managers below reported 29,955,527 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 29,955,527
Largest asset managers voting on “MATERIAL MODIFICATION OF EARLIER APPROVED MATERIAL RELATED PARTY TRANSACTIONS BETWEEN THE COMPANY AND MAHINDRA” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock23,641,0280 00For
RBC FUNDS TRUST3,853,0390 00For
John Hancock1,127,9070 00For
Brown Advisory Funds503,0720 00For
JPMorgan453,7530 00For
Calamos200,0600 00For
Jackson National111,0890 00For
MASTER INVESTMENT PORTFOLIO44,1430 00For
Krane Shares Trust15,6020 00For
GPS Funds I5,8340 00For

34. Revision of Remuneration of Anand G. Mahindra (Non-executive Chair)

100% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 7,334,985 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 7,334,985
Largest asset managers voting on “Revision of Remuneration of Anand G. Mahindra (Non-executive Chair)” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Hartford2,563,2060 00For
Charles Schwab1,914,6410 00For
Prudential/PGIM1,099,6010 00For
Fidelity671,4100 00For
Vanguard398,9840 00For
Mercer Funds342,4040 00For
Russell Investments125,7180 00For
Transamerica103,7580 00For
SEI73,2660 00For
Global X41,9970 00For

35. Approve Revision in the Terms of Remuneration to Anand G. Mahindra, as Non-Executive Chairman

No official resultsSECTION 14A SAY-ON-PAY VOTES

99.9% of fund votes cast · no official result

FOR
Details: votes by 53 asset managers

The 53 asset managers below reported 85,691,717 for, 34,344 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 85,691,717AGAINST: 34,344
Largest asset managers voting on “Approve Revision in the Terms of Remuneration to Anand G. Mahindra, as Non-Executive Chairman” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,816,7640 00For
Fidelity12,107,7900 00For
EUPAC FUND6,911,9980 00For
Dimensional6,277,1660 00For
TIAA5,301,4750 00For
MFS3,792,5060 00For
WisdomTree3,340,0530 00For
Capital Group1,978,9460 00For
BARON SELECT FUNDS1,406,9620 00For
MATTHEWS INTERNATIONAL FUNDS1,246,7890 00For
OLD WESTBURY FUNDS INC1,197,2540 00For
Morgan Stanley1,119,6710 00For
Perpetual Americas Funds Trust935,4410 00For
INDIA FUND, INC.928,8700 00For
Franklin Templeton913,9140 00For
WILLIAM BLAIR FUNDS904,3610 00For
Principal829,0000 00For
American Century782,2150 00For
Columbia Threadneedle740,3110 00For
Aberdeen650,0920 00For
Genesis Investment Management, LLP578,0270 00For
DRIEHAUS MUTUAL FUNDS518,6800 00For
BNY Mellon463,1660 00For
GuideStone420,0000 00For
Greater India Portfolio381,2460 00For

Showing the 25 largest of 53 asset managers. All 53 are in the interactive database (link above).

36. Approve Remuneration of Cost Auditors

No official resultsCOMPENSATIONCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 52 asset managers

The 52 asset managers below reported 85,148,034 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 85,148,034
Largest asset managers voting on “Approve Remuneration of Cost Auditors” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard28,816,7640 00For
Fidelity12,107,7900 00For
EUPAC FUND6,911,9980 00For
Dimensional6,277,1660 00For
TIAA5,301,4750 00For
MFS3,792,5060 00For
WisdomTree3,340,0530 00For
Capital Group1,978,9460 00For
BARON SELECT FUNDS1,406,9620 00For
MATTHEWS INTERNATIONAL FUNDS1,246,7890 00For
OLD WESTBURY FUNDS INC1,197,2540 00For
Morgan Stanley1,119,6710 00For
Perpetual Americas Funds Trust935,4410 00For
INDIA FUND, INC.928,8700 00For
Franklin Templeton913,9140 00For
WILLIAM BLAIR FUNDS904,3610 00For
Principal829,0000 00For
American Century782,2150 00For
Columbia Threadneedle740,3110 00For
Aberdeen650,0920 00For
DRIEHAUS MUTUAL FUNDS518,6800 00For
BNY Mellon463,1660 00For
GuideStone420,0000 00For
Greater India Portfolio381,2460 00For
CAUSEWAY CAPITAL MANAGEMENT TRUST364,4940 00For

Showing the 25 largest of 52 asset managers. All 52 are in the interactive database (link above).

37. Approve Payment of Fees to Cost Auditors

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 10 asset managers

The 10 asset managers below reported 7,334,985 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 7,334,985
Largest asset managers voting on “Approve Payment of Fees to Cost Auditors” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
Hartford2,563,2060 00For
Charles Schwab1,914,6410 00For
Prudential/PGIM1,099,6010 00For
Fidelity671,4100 00For
Vanguard398,9840 00For
Mercer Funds342,4040 00For
Russell Investments125,7180 00For
Transamerica103,7580 00For
SEI73,2660 00For
Global X41,9970 00For

38. Consideration and adoption of the audited consolidated financial statements of the company for the financial year ended…

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 10 asset managers

Description as filed by funds: CONSIDERATION AND ADOPTION OF THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED 31ST MARCH, 2024 AND THE REPORT OF THE AUDITORS THEREON

The 10 asset managers below reported 29,955,527 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 29,955,527
Largest asset managers voting on “CONSIDERATION AND ADOPTION OF THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL Y” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock23,641,0280 00For
RBC FUNDS TRUST3,853,0390 00For
John Hancock1,127,9070 00For
Brown Advisory Funds503,0720 00For
JPMorgan453,7530 00For
Calamos200,0600 00For
Jackson National111,0890 00For
MASTER INVESTMENT PORTFOLIO44,1430 00For
Krane Shares Trust15,6020 00For
GPS Funds I5,8340 00For

39. Consideration and adoption of the audited standalone financial statements of the company for the financial year ended…

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 10 asset managers

Description as filed by funds: CONSIDERATION AND ADOPTION OF THE AUDITED STANDALONE FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED 31ST MARCH, 2024 AND THE REPORTS OF THE BOARD OF DIRECTORS AND AUDITORS THEREON

The 10 asset managers below reported 29,955,527 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 29,955,527
Largest asset managers voting on “CONSIDERATION AND ADOPTION OF THE AUDITED STANDALONE FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEA” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock23,641,0280 00For
RBC FUNDS TRUST3,853,0390 00For
John Hancock1,127,9070 00For
Brown Advisory Funds503,0720 00For
JPMorgan453,7530 00For
Calamos200,0600 00For
Jackson National111,0890 00For
MASTER INVESTMENT PORTFOLIO44,1430 00For
Krane Shares Trust15,6020 00For
GPS Funds I5,8340 00For

40. Ratification of remuneration to cost auditors

No official resultsAUDIT-RELATEDCOMPENSATION

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 10 asset managers

Description as filed by funds: RATIFICATION OF REMUNERATION TO COST AUDITORS

The 10 asset managers below reported 29,955,527 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 29,955,527
Largest asset managers voting on “RATIFICATION OF REMUNERATION TO COST AUDITORS” at Mahindra & Mahindra Limited, 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock23,641,0280 00For
RBC FUNDS TRUST3,853,0390 00For
John Hancock1,127,9070 00For
Brown Advisory Funds503,0720 00For
JPMorgan453,7530 00For
Calamos200,0600 00For
Jackson National111,0890 00For
MASTER INVESTMENT PORTFOLIO44,1430 00For
Krane Shares Trust15,6020 00For
GPS Funds I5,8340 00For

Showing the 40 reported items with the widest manager coverage, of 45 in total. Every item is in the interactive database (link above).

Largest Mahindra & Mahindra Limited shareholders voting in 2024-2025

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported.

Fund voting reports: top Mahindra & Mahindra Limited shareholders by shares voted on “Approve Revision in the Terms of Remuneration to Anand G. Mahindra, as Non-Executive Chairman”, 2024-2025
#Asset manager Shares voted
1Vanguard 28,816,764
2Fidelity 12,107,790
3EUPAC FUND 6,911,998
4Dimensional 6,277,166
5TIAA 5,301,475
6MFS 3,792,506
7WisdomTree 3,340,053
8Capital Group 1,978,946
9BARON SELECT FUNDS 1,406,962
10MATTHEWS INTERNATIONAL FUNDS 1,246,789
Institutional-manager reports: top Mahindra & Mahindra Limited shareholders by shares voted on “Approve Revision in the Terms of Remuneration to Anand G. Mahindra, as Non-Executive Chairman”, 2024-2025
#Asset manager Shares voted
1Genesis Investment Management, LLP 578,027

Shown as share counts, not percentages: no shares-outstanding figure has been matched to Mahindra & Mahindra Limited for the 2024-2025 season, so there is no denominator to divide by.

Related

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. This page is a static snapshot rebuilt weekly on November 8, 2026; a live search always shows the current data.

Mahindra & Mahindra Limited proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.

Cite this page

proxyvotesnow.com, “Mahindra & Mahindra Limited 2024 Annual Meeting (2024-2025 season)”, https://proxyvotesnow.com/company/mahindra-and-mahindra-limited/2025 (version of November 9, 2026). Derived from SEC Form N-PX and Form 8-K filings; tables licensed CC BY 4.0. Licence: CC BY 4.0.