Mahindra & Mahindra Financial Services Introduces New Employees' Stock Option Scheme - 2010

Mahindra & Mahindra Financial Services Ltd has informed BSE that the Board of Directors of the Company vide a Circular Resolution dated August 06, 2010, has decided to seek the approval of the shareholders for the introduction of a new "Mahindra & Mahindra Financial Services Limited Employees' Stock Option Scheme - 2010" ("the Scheme") by means of a Postal Ballot in accordance with Section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001 and has fixed August 16, 2010 as the cut off date for ascertaining the list of the shareholders to whom Postal Ballot Notice and Postal Ballot Form will be sent and also for reckoning the voting rights.

The results of the Postal Ballot will be declared on or before September 24, 2010.