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

352 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Name of the Subsidiary Place of Incorporation and Place of Operation Proportion of ownership interest * As at 31 st March, 2022 2021 Anthurium Developers Limited............................................................................................................ India 51.33% 51.46% Mahindra Water Utilities Limited........................................................................................................ India 50.82% 50.94% Rathna Bhoomi Enterprises Private Limited. ...................................................................................... India 51.33% 51.46% Deep Mangal Developers Private Limited........................................................................................... India 51.33% 51.46% Moonshine Construction Private Limited............................................................................................ India 51.33% 51.46% Mahindra Consulting Engineers Limited............................................................................................. India 88.35% 88.35% Mahindra Bloomdale Developers Limited........................................................................................... India 51.33% 51.46% Mahindra Holidays & Resorts India Limited........................................................................................ India 67.47% 67.63% Mahindra Hotels and Residences India Limited. ................................................................................ India 67.47% 67.63% Gables Promoters Private Limited . ..................................................................................................... India 67.47% 67.63% Heritage Bird (M) Sdn. Bhd.................................................................................................................. Malaysia 67.47% 67.63% Infinity Hospitality Group Company Limited ..................................................................................... Thailand 49.92% 50.03% MH Boutique Hospitality Limited @.................................................................................................... Thailand 33.06% 33.14% MHR Holdings (Mauritius) Limited. ..................................................................................................... Mauritius 67.47% 67.63% Covington S.a.r.l..................................................................................................................................... Luxembourg 67.47% 67.63% HCR Management Oy. .......................................................................................................................... Finland 67.47% 67.63% Holiday Club Resorts Oy. ...................................................................................................................... Finland 67.47% 67.63% Kiinteistö Oy Himos Gardens. .............................................................................................................. Finland 67.47% 67.63% Suomen Vapaa-aikakiinteistöt Oy LKV (Liquidated w.e.f. 30 th March, 2022). ................................. Finland — 67.63% Kiinteistö Oy Vanha Ykköstii................................................................................................................ Finland 67.47% 67.63% Kiinteistö Oy Katinnurkka.................................................................................................................... Finland 67.47% 67.63% Kiinteistö Oy Tenetinlahti..................................................................................................................... Finland 67.47% 67.63% Kiinteistö Oy Mällösniemi..................................................................................................................... Finland 67.47% 67.63% Kiinteistö Oy Rauhan Ranta 1.............................................................................................................. Finland 67.47% 67.63% Kiinteistö Oy Rauhan Ranta 2.............................................................................................................. Finland 67.47% 67.63% Kiinteistö Oy Tiurunniemi..................................................................................................................... Finland 67.47% 67.63% Kiinteistö Oy Rauhan Liikekiinteistöt 1............................................................................................... Finland 67.47% 67.63% Supermarket Capri Oy........................................................................................................................... Finland 67.47% 67.63% Kiinteistö Oy Kylpyläntorni 1............................................................................................................... Finland 67.47% 67.63% Kiinteistö Oy Spa Lofts 2...................................................................................................................... Finland 67.47% 67.63% Kiinteistö Oy Spa Lofts 3...................................................................................................................... Finland 67.47% 67.63% Kiinteistö Oy Kuusamon Pulkkajärvi 1................................................................................................ Finland 67.47% 67.63% Ownership Services Sweden Ab........................................................................................................... Sweden 67.47% 67.63% Are Villa 3 AB........................................................................................................................................ Sweden 67.47% 67.63% Holiday Club Sweden Ab Åre............................................................................................................... Sweden 67.47% 67.63% Holiday Club Sport and Spahotels AB................................................................................................. Sweden 67.47% 67.63% Holiday Club Resorts Rus LLC............................................................................................................... Russia 67.47% 67.63% Holiday Club Canarias Investments S.L.U............................................................................................ Spain 67.47% 67.63% Holiday Club Canarias Sales & Marketing S.L.U.. ............................................................................... Spain 67.47% 67.63% Holiday Club Canarias Resort Management S.L.U.............................................................................. Spain 67.47% 67.63% Holiday Club Canarias Vacation Club SLU........................................................................................... Spain 67.47% 67.63% 38. Disclosure of interest in Subsidiaries and interest of Non Controlling Interest (contd.) (a) Details of the Group’s subsidiaries at the end of the reporting period are as follows: (contd.)