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

243 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2021-22 17. Other Equity Details of Dividends proposed: Rupees crores Particulars 2022 2021 Dividend per share (Rupees). ................................................................................................................................... 11.55 8.75 Dividend on Equity Shares. ...................................................................................................................................... 1,435.89 1,087.79 Total Dividend .......................................................................................................................................................... 1,435.89 1,087.79 18. Borrowings a) Long Term Borrowings i) Non Current borrowings Rupees crores Particulars 2022 2021 Unsecured (Carried at Amortised Cost): Debentures.................................................................................................................................................. 3,467.38 3,463.75 Term loan from banks................................................................................................................................ 1,841.67 3,050.00 Other loans................................................................................................................................................. 368.97 476.09 Total Unsecured Borrowings ..................................................................................................................... 5,678.02 6,989.84 (a) Debentures: Rupees crores 2022 2021 – 9.55% p.a. Senior Redeemable Non-Convertible Debentures maturing in July 2063 ........... 500.00 500.00 – 7.57% p.a. Redeemable Non-Convertible Debentures maturing in September 2026 ........... 475.00 475.00 – 6.19% p.a. Redeemable Non-Convertible Debentures maturing in June 2025 # . ................... 500.00 500.00 – 6.78% p.a. Redeemable Non-Convertible Debentures maturing in April 2023 ..................... 1,000.00 1,000.00 – 6.65% p.a. Redeemable Non-Convertible Debentures maturing in April 2023 ..................... 1,000.00 1,000.00 Less: Unamortised finance cost ...................................................................................................... 7.62 11.25 3,467.38 3,463.75 # The Company and the debentures holders have call and put option respectively to redeem, in part or in full, the debentures on 8 th June, 2023 and 8 th June, 2024. (b) Term Loan from Banks: The Company has Unsecured Term Loan from banks which are repayable over a period of maximum five years upto August 2025 and carry interest rates which are linked to Repo rate with spread ranging from 2.15% p.a.p.m. to 2.35% p.a.p.m. Certain loans have floor rate and ceiling rate defined such that the effective interest rate would range between 5.50% p.a.p.m. to 7.95% p.a.p.m. (c) Other loans comprise deferred sales tax loans which are interest free and repayable in five equal installments after ten years from the year of availment of respective loan.