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

241 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2021-22 14. Cash & Cash Equivalents and Bank Balances Rupees crores Particulars 2022 2021 a) Cash and cash equivalents Balances with banks – On Current accounts............................................................................................................................................... 384.71 660.52 – Fixed deposits with original maturity less than 3 months.................................................................................. 261.72 166.00 646.43 826.52 Cheques, drafts on hand (including in transit)........................................................................................................ 70.70 40.91 Cash on hand.............................................................................................................................................................. 0.09 0.11 Total Cash and cash equivalents . ............................................................................................................................. 717.22 867.54 b) Bank Balances other than Cash and Cash Equivalents Earmarked balances with banks. .............................................................................................................................. 17.16 18.43 Balances with banks on margin accounts................................................................................................................ 9.71 34.28 Fixed deposits............................................................................................................................................................. 2,906.44 5,474.96 Total Other Bank balances . ....................................................................................................................................... 2,933.31 5,527.67 15. Assets held for sale On 9 th November, 2021, the Company has entered into an agreement to sell 9,71,37,796 Equity shares of Rs. 10 each in Meru Travel Solutions Private Limited (MTSPL) aggregating 100% of the paid-up Equity Share Capital of MTSPL to Mahindra Logistics Limited, a subsidiary of the Company. 16. Equity Share Capital Rupees crores Particulars 2022 2021 Authorised: 1810,00,00,000 (2021: 8,10,00,00,000) Ordinary (Equity) Shares of Rs. 5 each..................................................... 9,050.00 4,050.00 25,00,000 Unclassified Shares of Rs.100 each (2021: 25,00,000) ........................................................................... 25.00 25.00 150,00,00,000 Preference Shares of Rs. 10 each (2021: Nil) .................................................................................. 1,500.00 — 10,575.00 4,075.00 Issued and Subscribed and Paid-up: 1,24,31,92,544 (2021: 1,24,31,92,544) Ordinary (Equity) Shares of Rs. 5 each fully paid up............................... 621.60 621.60 Less: 4,65,91,301 (2021: 4,84,24,163) Ordinary (Equity) Shares of Rs. 5 each fully paid up issued to M&M ESOP Trust but not yet allotted to employees.................................................................................................................. 23.30 24.21 Adjusted Issued, Subscribed and Paid-up Share Capital ........................................................................................ 598.30 597.39 a. Reconciliation of number of Ordinary (Equity) Shares and amount outstanding: Particulars 2022 2021 No. of Shares Rupees Crores No. of Shares Rupees Crores Issued, Subscribed and Paid-up: At the beginning of the year ................................................................. 1,24,31,92,544 621.60 1,24,31,92,544 621.60 Less: Shares issued to M&M ESOP Trust but not allotted to employees . ............................................................................................... 4,65,91,301 23.30 4,84,24,163 24.21 Adjusted Issued, Subscribed and Paid-up Share Capital ....................... 1,19,66,01,243 598.30 1,19,47,68,381 597.39