annual-report-FY2021

118 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Particulars of loans/advances, etc. pursuant to Para A of Schedule V of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Loans and advances in nature of loans to subsidiaries: (Net of Provisions) (Rs. in crores) Name of the Company Balances as on 31 st March, 2021 Maximum outstanding during the year Mahindra Overseas Investment Company (Mauritius) Limited 1,599.22 1,599.22 Mahindra Rural Housing Finance Limited 50.00 200.00 Mahindra Electric Mobility Limited 70.00 70.00 Mahindra Vehicle Manufacturers Limited 470.00 470.00 Mahindra Integrated Business Solutions Private Limited 00.00 0.50 Mahindra & Mahindra Financial Services Limited 00.00 100.00 Ssangyong Motor Company (SYMC) * 109.34 437.12 * Ssangyong Motor Company (SYMC) is considered as a subsidiary as on 31 st March, 2021, as per the Companies Act, 2013 whereas, as per Indian Accounting Standards (Ind AS) it is not treated as related party/subsidiary under Ind AS 24/Ind AS 110. Loans and advances in nature of loans to Associates/Joint Venture: (Rs. in crores) Name of the Company Balances as on 31 st March, 2021 Maximum outstanding during the year Mahindra Ideal Lanka Private Limited 2.75 2.99