annual-report-FY2021

83 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2020-21 • Receiving an India Corporate Governance & Sustainability Vision Award 2021, organised by The Indian Chamber of Commerce in the category of ‘Sustainability Performance’. • Recognition as part of ‘100 Most Sustainably Managed Companies in the World’ by The Wall Street Journal. The Company ranked 17 th which is highest for an automobile company and highest for an Indian company. Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo The information pertaining to conservation of energy, technology absorption, foreign exchange earnings and outgo as required under section 134(3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules, 2014 is attached as Annexure VIII and forms part of this Report. N. SECRETARIAL Share Capital The issued, subscribed and paid-up Share Capital of the Company stood at Rs. 621.60 crores as at 31 st March, 2021 comprising of 1,24,31,92,544 Ordinary (Equity) Shares of Rs. 5 each fully paid-up. There was no change in Share Capital during the year under review. Compliance with the provisions of Secretarial Standard 1 and Secretarial Standard 2 The applicable Secretarial Standards, i.e. SS-1 and SS‑2, relating to ‘Meetings of the Board of Directors’ and ‘General Meetings’ respectively, have been duly complied by your Company. Annual Return Pursuant to section 134(3)(a) and section 92(3) of the Companies Act, 2013 read with Rule 12(1) of the Companies (Management and Administration) Rules, 2014, a copy of the annual return is placed on the website of the Company and can be accessed at https:// www.mahindra.com/resources/FY21/AnnualReport.zip. O. POLICIES The details of the Key Policies adopted by the Company are mentioned at Annexure IX to the Board’s Report. P. GENERAL Neither the Executive Chairman nor the Managing Director of the Company received any remuneration or commission from any of the subsidiary of your Company. Your Directors state that no disclosure or reporting is required in respect of the following items as there were no transactions/events on these items during the year under review: 1. Issue of equity shares with differential rights as to dividend, voting or otherwise. 2. Issue of Shares (Including Sweat Equity Shares) to employees of the Company under any Scheme save and except Employees Stock Option Schemes (ESOS) referred to in this Report. 3. Signi cant or material orders passed by the Regulators or Courts or Tribunals which impact the going concern status and the Company’s operation in future. 4. Voting rights which are not directly exercised by the employees in respect of shares for the subscription/ purchase of which loan was given by the Company (as there is no scheme pursuant to which such persons can bene cially hold shares as envisaged under section 67(3)(c) of the Companies Act, 2013). 5. There has been no change in the nature of business of your Company. 6. No application was made or any proceeding is pending under the Insolvency and Bankruptcy Code, 2016 during the year in respect of your Company. 7. There was no one time settlement of loan obtained from the Banks or Financial Institutions. For and on behalf of the Board ANAND G. MAHINDRA Executive Chairman Mumbai, 28 th May, 2021