MAHINDRA & MAHINDRA LTD. | Integrated Annual Report 2021-22

171 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2021-22 G. Loans & Investment Committee (A voluntary initiative of your Company ‑ wound‑up with effect from -10 th February, 2022) The Loans & Investment Committee was authorised to approve loans and investment, disinvestment, borrowing moneys and related aspects of fund management in accordance with the authority granted and the parameters prescribed by the Board. Mr. Anand G. Mahindra was the Chairman of the Committee and the other Members were Dr. Anish Shah, Mr. Vikram Singh Mehta, Mr. Haigreve Khaitan and Ms. Shikha Sharma. During the year under review, Dr. Pawan Goenka ceased to be a Member of the Committee with effect from 2 nd April, 2021 and Dr. Anish Shah was appointed as Member of the Committee with effect from that date. Apart from the Meetings, Circular Resolution(s) were also passed by the Members. Subsequently, these Resolution(s) are noted in the Meeting held after the date on which the Circular Resolution(s) were passed by the Members. The Board at its Meeting held on 10 th & 11 th February, 2022, as part of simplification process, considered and approved Winding-up of the Loans & Investment Committee. Composition and Attendance (in brief): 60% 5 4 100% Independence Members Meetings Attendance The Committee met four times during the year under review on 22 nd May, 2021, 28 th May, 2021, 5 th August, 2021 and 8 th November, 2021. The attendance at the Meetings was as under: Name of the Directors Committee Meeting Dates and Mode 1 2 3 4 Held during the year Attended % of attendance of a Member 22 nd May, 2021 (VC) 28 th May, 2021 (VC) 5 th August, 2021 (VC) 8 th November, 2021 (VC) Mr. Anand G. Mahindra (Chairman) 4 4 100% Dr. Anish Shah 4 4 100% Mr. Vikram Singh Mehta 4 4 100% Mr. Haigreve Khaitan 4 4 100% Ms. Shikha Sharma 4 4 100% % of attendance at a Meeting 100% 100% 100% 100% Attended through video conference  Leave of Absence  Attended in-person Loans & Investment Committee Meeting LOANS & INVESTMENT COMMITTEE REPORT FOR THE YEAR ENDED 31 ST MARCH, 2022 Activities of the Committee during the year Frequency Considered and approved the Scheme of Merger of subsidiary company with the Company and with their Shareholders and recommended the same to the Board. E Considered and approved investments in and/or providing financial assistance to various subsidiaries, Joint Ventures and other group entities within the parameters as approved by the Board P Considered and recommended to the Board additional investments in and/or providing financial assistance to various subsidiaries, Joint Ventures and other group entities P Frequency E Event based P Periodically