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

272 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 40. Disclosure required under Section 186 (4) of the Companies Act, 2013 for Loans and Guarantees (net of provision): Rupees crores Sr. No. Name Relation 2022 2021 1. Inter Corporate deposits and Loans Mahindra Overseas Investment Company (Mauritius) Limited Subsidiary 1,492.75 1,599.22 Mahindra Rural Housing Finance Limited Subsidiary — 50.00 SsangYong Motor Company Refer Note (d) 61.55 109.34 Mahindra Electric Mobility Limited Subsidiary 575.00 70.00 Mahindra Agri Solutions Limited Subsidiary 15.00 — Mahindra Susten Private Limited Subsidiary 575.00 — Classic Legends Private Limited Joint Venture 17.00 — Mahindra Ideal Lanka (Private) Limited Joint Venture 1.94 2.75 Mahindra First Choice Services Ltd — 15.00 Kotak Mahindra Investment Limited 50.00 50.00 Mahindra Marine Private Limited Subsidiary — 4.00 2,788.24 1,900.31 Sr. No. Name Relation 2022 2021 Outstanding Recognized in Balance Sheet Outstanding Recognized in Balance Sheet 2. Guarantees SsangYong Motor Company Refer Note (d) — — 458.05 343.54 Mahindra USA Inc. Subsidiary 113.58 — — — Peugeot Motocycles S.A.S. Subsidiary 211.61 — 233.97 — Sampo Rosenlew Oy Joint Venture of Company 42.25 — 42.88 — PF Holding B.V. Subsidiary of Associate 521.98 20.50 529.68 25.14 Note:- a) Inter corporate deposits given and repaid during the year amounting to Rs. 100.00 crores to Classic Legends Private Limited & Rs. 83.91 crores to Mahindra Automotive Mauritius Limited (Subsidiary Company) which got converted into equity (2021: Rs. 30.00 crores) b) Above inter corporate deposits and loans have been given for general business purposes (including investment purposes) and guarantees have been given against their borrowing obligation which have been taken for general corporate purpose. c) Refer note 8 for investments. d) SsangYong Motor Company is subsidiary as per Companies Act, 2013.