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

MAHINDRA & MAHINDRA LIMITED 15 Sr. No. Name of the Company Name of the Committee Position held 3. Mahindra Lifespace Developers Limited Loans & Investment Committee Member Nomination & Remuneration Committee Member 4. Tech Mahindra Limited Investment Committee Member Nomination & Remuneration Committee Member 5. Mahindra Holidays & Resorts India Limited Nomination & Remuneration Committee Member 6. Mahindra Logistics Limited Nomination & Remuneration Committee Member 7. Federation of Indian Chambers of Commerce and Industry (FICCI) National Executive Committee Member National Steering Committee Member Executive Board Member Resignation as a Director from Listed Entities in the past three years: Dr. Shah has not resigned as a Director from any listed entity in the past three years. Attendance at Board Meetings: During the year 1 st April, 2021 to 31 st March, 2022, 6 Board Meetings of the Company were held, and Dr. Anish Shah had attended all Meetings. Remuneration: The terms and conditions and remuneration of Dr. Shah would be governed as per the approval granted by the Members of the Company at the Annual General Meeting held on 7 th August, 2020. The remuneration paid to Dr. Shah during the Financial Year 2021-22 is Rs. 1,188.70 lakhs. Other information: Dr. Shah holds 1,54,935 Ordinary (Equity) Shares in the Company. Dr. Shah is not debarred from holding the office of Director pursuant to any Order issued by the Securities and Exchange Board of India (SEBI) or any other authority. Save and except Dr. Shah, and his relatives to the extent of their shareholding interest, if any, in the Company, none of the other Directors, Key Managerial Personnel (“KMP“) of the Company and their relatives are, in any way, concerned or interested, financially or otherwise, in the Resolution set out at Item No. 4 of the Notice. Dr. Shah is not related to any other Director / KMP of the Company. The Board recommends the Ordinary Resolution set out at Item No. 4 of the Notice for approval of the Members. ITEM NO. 5: Proposal: Mr. Rajesh Jejurikar (DIN: 00046823), Executive Director (Automotive and Farm Sectors) of the Company, is liable to retire by rotation and being eligible, has offered himself for re-appointment. Mr. Rajesh Jejurikar was first appointed as a Whole time Director designated as Executive Director (Automotive and Farm Sectors) on the Board of the Company with effect from 1 st April, 2020. Brief resume of Mr. Rajesh Jejurikar, nature of his expertise in specific functional areas, disclosure of relationships between directors inter-se, name of listed entities and other companies in which he holds directorships and memberships/ chairmanships of Board Committees, shareholding in the Company, the number of Meetings of the Board attended during the year, as stipulated under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Secretarial Standard on General Meetings issued by the Institute of Company Secretaries of India are stated herein, and are also provided in the Corporate Governance Report forming part of the Annual Report. Profile: Mr. Jejurikar has completed 57 years of age. Mr. Jejurikar is an MBA from S.P. Jain Institute of Management and had attended the Advanced Management Program at The Wharton School, University of Pennsylvania. He was also awarded the British Chevening Scholarship to study at the Manchester Business School, UK. Mr. Jejurikar has diverse experience across Packaged Goods, Advertising, Media, Automotive and Farm Equipment. He joined Mahindra in 2000 as Vice President – Marketing for Automotive Sector. In 2003, he was appointed Executive Vice President – Sales & Marketing and in 2005, he was given additional responsibility as the Managing Director of Mahindra Renault in India. In 2008, he became Chief of Operations of the Automotive Sector and when Automotive & Farm Equipment Sector (AFS) was formed in 2010, he was appointed Chief Executive for the Automotive Division and Member of the Group Executive Board. In 2013, Mr. Jejurikar joined the Farm Equipment Sector as Chief Executive – Tractor & Farm Mechanization and became the Sector President in 2015. Mr. Jejurikar serves on the Governing Council of S P Jain Institute of Management and Research and is a Member of the Executive Committee of the Society of Indian Automobile Manufacturers (SIAM). He has served as the President of the Tractor Manufacturers Association (TMA) in India and has represented TMA as its President on the CII (The Confederation of Indian Industry) National Council in 2016, 2017. He has also been a Member of the CII National Council on Agriculture. As a Member of the CII National Committee on IT/ ITeS, he Co-chaired the Working Group for Agriculture.