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

53 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2021-22 Investor Relations (IR) Your Company always believes in leading from the front with emerging best practices in IR and building a relationship of mutual understanding with domestic and foreign investors/analysts. In the Financial Year 2022, the year characterised by a lot of uncertainty amongst pandemic and lockdowns, your Company increased its interaction with investors through video and audio conference calls. The top management, including the Managing Director & CEO, Executive Director-Automotive & Farm Sectors and Group CFO, spent significant time to interact with investors to communicate the strategic direction of the business, capital allocation policy and the way the Company was handling COVID-19 crisis. All the four quarterly earnings calls conducted during the year were also well attended by investors and analysts. During the year, your Company interacted with more than 600 Indian and overseas investors and analysts (excluding quarterly earnings calls and specific event related calls). Your Company ensures that critical information about the Company is available to all the investors by uploading all such information on the Company’s website. Your Company also engages with investors on Environment, Social and Corporate Governance (ESG), which has received excellent feedback from investors and ESG analysts. Dividend As per the Dividend Distribution Policy, dividend payout would have to be determined based on available financial resources, investment requirements and taking into account optimal shareholder return. Within these parameters, the Company would endeavour to maintain a total dividend pay-out ratio in the range of 20% to 35% of the annual standalone Profits after Tax (PAT) of the Company. Despite the impact of the pandemic, your Company was able to deliver a good operational performance during the period under review. Your Directors, considering the good performance and a strong cash flow, decided to recommend a Dividend of Rs. 11.55 (231%) per Ordinary (Equity) Share of the face value of Rs. 5 each on the Share Capital out of the Profits for the financial year ended 31 st March, 2022. The equity dividend outgo for the Financial Year 2021- 22 would absorb a sum of Rs. 1,435.89 crores [as against Rs. 1,087.79 crores comprising the dividend of Rs. 8.75 per Ordinary (Equity) Share of the face value of Rs. 5 each for the previous year]. Dividend will be payable subject to approval of members at the ensuing Annual General Meeting and deduction of tax at source to those Shareholders whose names appear in the Register of Members as on the Book Closure Date. The Board of your Company decided not to transfer any amount to the General Reserve for the year under review. Dividend Distribution Policy The Dividend Distribution Policy containing the requirements mentioned in Regulation 43A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) is attached as Annexure I and forms part of this Annual Report. The Dividend Distribution Policy of the Company is also uploaded on the Company’s website at the following Web-link: http://www.mahindra.com/resources/investor- reports/FY17/Governance/MM-Dividend-Distribution- Policy-29-9-2016-Final.pdf. B. CONSOLIDATED FINANCIAL STATEMENTS The Consolidated Financial Statements of the Company, its subsidiaries, associates and joint ventures prepared in accordance with the Companies Act, 2013 and applicable Indian Accounting Standards along with all relevant documents and the Auditors’ Report form part of this Annual Report. The Consolidated Financial Statements presented by the Company include the nancial results of its subsidiary companies, associates and joint ventures. The Consolidated Group’s Operating Revenue from continuing operations is Rs. 90,171 crores in the current year as compared to Rs. 74,278 crores in the previous year i.e. an increase of 21.4%. The consolidated pro t before exceptional items and tax for the year from continuing operations is Rs. 7,092 crores as against Rs. 5,229 crores in the previous year i.e. an increase of 35.6%. The consolidated pro t after tax after non-controlling interest and exceptional items for the year from continuing operations is Rs. 6,577 crores as against Rs. 3,347 crores in the previous year i.e. an increase of 96.5%. The consolidated pro t after tax after non- controlling interest and exceptional items for the year from continuing and discontinued operations is Rs. 6,577 crores as against Rs. 1,812 crores in the previous year i.e. an increase of 263%. The Financial Statements as stated above are also available on the website of the Company and can be accessed at the Web-link: https://www.mahindra.com/ resources/FY22/AnnualReport.zip.