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

325 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2021-22 17. Equity Share Capital Rupees crores Particulars 2022 2021 Authorised : 18,10,00,00,000 (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......................................................................................................... 25.00 25.00 150,00,00,000 Preference Shares of Rs. 10 each...................................................................................................... 1,500.00 — 10,575.00 4,075.00 Issued, 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 Less: 8,44,70,428 (2021: 8,44,70,428) Ordinary (Equity) Shares of Rs. 5 each fully paid up issued to M&M benefit trust ............................................................................................................................................................................. 42.24 42.24 Adjusted Issued, Subscribed and Paid-up ................................................................................................................ 556.06 555.15 (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 : Opening balance ...................................................................................... 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 Shares issued to M&M Benefit Trust. ...................................................... 8,44,70,428 42.24 8,44,70,428 42.24 Adjusted Issued, Subscribed and Paid-up Share Capital ....................... 1,11,21,30,815 556.06 1,11,02,97,953 555.15 (b) The Ordinary (Equity) Shares of the Company rank pari-passu in all respects including voting rights and entitlement to dividend. (c) Details of Ordinary (Equity) Shares held by shareholders holding more than 5% of the aggregate shares in the Company’s Issued, Subscribed and Paid-up: Name of the Shareholder 2022 2021 No. of Shares % Shareholding No. of Shares % Shareholding Prudential Management & Services Private Limited.............................. 14,15,21,940 11.38 14,15,21,940 11.38 Life Insurance Corporation of India. ....................................................... 8,55,54,624 6.88 10,22,25,615 8.22 M&M Benefit Trust.................................................................................... 8,44,70,428 6.79 8,44,70,428 6.79