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

387 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2021-22 Part “A” Subsidiaries [as per section 2(87) of the Companies Act, 2013] (contd.) Rupees crores Sr. No. Name of Subsidiary The date since when subsidiary was acquired Reporting currency Exchange rate Share Capital Reserves & Surplus Total Assets Total Liabilities Investments Gross Turnover Profit/(Loss) before Tax Provision for Tax Profit/ (Loss) after Tax Proposed Dividend and Tax thereon Proportion of ownership interest @ 173 V-Link Automotive Services Private Limited 05/12/2019 INR 1.00 0.01 29.15 31.42 2.26 — 0.71 0.20 — 0.20 — 100.00% 174 V-Link Fleet Solutions Private Limited 05/12/2019 INR 1.00 0.01 (13.52) 1.41 14.92 — 0.99 (0.13) — (0.13) — 100.00% Notes * denotes amounts less than Rs. 50,000. ** denotes companies yet to commence operations # denotes companies where reporting period is different from 1st April, 2021 to 31st March, 2022. The financial year for all other subsidiaries is 1st April, 2021 to 31st March, 2022 € Under liquidation $ Based on unaudited financial statements as audit is not required as per their local laws ¥ Based on unaudited financial statements @ excluding shares issued to ESOP Trusts of the respective entities/their holding companies but not allotted to employees £ Incorporated in the current financial year and will prepare its first statutory accounts in the next financial year Names of subsidiaries which have ceased to exist during the year on account of Liquidation/ Sale/Merger through scheme of arrangement are as under : (a) Hisarlar Makina Sanayi ve Ticaret Anonim Ş irketi (b) Hisarlar Ì thalat Ìhracat Pazarlama Anonim Ş irketi (c) Mahindra Susten Bangladesh Private Limited (d) MSPE Urja S.R.L. (e) Mahindra Publications Limited (f) Suomen Vapaa-aikakiinteistöt Oy (g) Mahindra Vehicle Manufacturers Limited (h) Ssangyong Motor (Shanghai) Company Limited (i) Mahindra Engineering and Chemical Products Limited (‘MECPL’), Retail Initiative Holdings Limited (‘RIHL’) and Mahindra Retail Limited (‘MRL’) have ceased to be subsidiaries of the Company pursuant to the Scheme of Merger by Absorption of MECP, RIHL and MRL with the Company and their respective Shareholders, sanctioned by the Hon’ble National Company Law Tribunal, Mumbai Bench having appointed date as 1st April, 2021 and effective date as 29th April, 2022.