annual-report-FY2020

81 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2019-20 ANNEXURE II Form No. AOC–2 (Pursuant to clause (h) of sub-section (3) of Section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014) Form for disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub-section (1) of Section 188 of the Companies Act, 2013 including certain arms length transactions under third proviso thereto 1. Details of contracts or arrangements or transactions not at arms length basis— There were no contracts or arrangements or transactions entered into during the year ended 31 st March, 2020, which were not at arms length basis. 2. Details of material contracts or arrangement or transactions at arms length basis— The details of material contracts or arrangements or transactions at arms length basis for the year ended 31 st  March, 2020 are as follows: S r. No Name(s) of the related party & Nature of relationship Nature of transactions Transactions Value (Rs. in Crores) Duration of transactions Salient terms of transaction Date of approval by the Board Amount paid in advance (Rs. in Crores) 1. Mahindra Vehicle Manufacturers Limited (MVML) (Wholly owned subsidiary of the Company) Purchase of Goods 9,315.09 April, 2019– March, 2020 The Related Party Transactions (RPTs) entered during the year were in the ordinary course of business and on arms length basis. Since these RPTs are in the ordinary course of business and are at arms length basis, approval of the Board is not applicable. However, necessary approvals were granted by the Audit Committee from time to time. Nil Purchase of intangibles 374.32 Purchase of Services 51.31 Sale of Goods 1,008.85 Sale of Service 0.24 Interest Income 39.00 Dividend received 150.39 Reimbursement Received 189.54 Reimbursement made 6.24 Other Expense 0.33 Other Income 0.02 Deputation of Personnel to Parties 0.64 TOTAL 11,135.97 For and on behalf of the Board ANAND G. MAHINDRA Executive Chairman Mumbai, 12 th June, 2020