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

60 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS H. PARTICULARS OF LOANS, GUARANTEES, INVESTMENTS AND SECURITIES Particulars of the loans given, investment made or guarantee given or security provided and the purpose for which the loan or guarantee or security is proposed to be utilised by the recipient of the loan or guarantee or security are provided in Note Nos. 8 and 40 to the Financial Statements. I. PUBLIC DEPOSITS AND LOANS/ ADVANCES Your Company had discontinued acceptance of Fixed Deposits with effect from 1 st April, 2014. All the deposits from public and shareholders had already matured as on 31 st March, 2017. All the 17 outstanding deposits aggregating Rs. 7.49 lakhs from the public and shareholders as on 31 st March, 2022 had matured and had not been claimed as at the end of the Financial Year. Since then no deposits have been claimed. There was no default in repayment of deposits or payment of interest thereon during the year under review. There are no deposits which are not in compliance with the requirements of Chapter V of the Companies Act, 2013. The particulars of loans/advances/investments, etc., required to be disclosed pursuant to Para A of Schedule V of the Listing Regulations are furnished separately in this Annual Report. The transaction(s) of the Company with a company belonging to the promoter/promoter group which hold(s) more than 10% shareholding in the Company as required pursuant to para A of Schedule V of the Listing Regulations is disclosed separately in the Financial Statements of the Company. J. EMPLOYEES Key Managerial Personnel (KMP) The following have been designated as the Key Managerial Personnel of the Company pursuant to Sections 2(51) and 203 of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014: (a) Dr. Anish Shah – Managing Director and CEO (re-designated with effect from 2 nd April, 2021) (b) Mr. Rajesh Jejurikar – Executive Director (Automotive & Farm Sectors) (c) Mr. Manoj Bhat – Group Chief Financial Officer (appointed with effect from 2 nd April, 2021) (d) Mr. Narayan Shankar – Company Secretary Dr. Pawan Goenka ceased to be the Managing Director and CEO as well as the Director of the Company with effect from 2 nd April, 2021. Dr. Anish Shah was re-designated as Managing Director and CEO of the Company and ceased to be the Deputy Managing Director and Group Chief Financial Officer of the Company, with effect from 2 nd April, 2021. Further, Mr. Anand G. Mahindra transitioned to the role of Non-Executive Chairman of the Company with effect from 12 th November, 2021 upon completion of his tenure as the Executive Chairman of the Company and consequently ceased to be a Key Managerial Personnel of the Company. Employees’ Stock Option and Employees’ Welfare Schemes During the year under review, on the recommendation of the Governance, Nomination and Remuneration Committee (GNRC) of your Company, the Trustees of Mahindra & Mahindra Employees’ Stock Option Trust have granted Stock Options to employees under the Mahindra & Mahindra Limited Employees Stock Option Scheme 2010. No Stock Options have been granted to employees under the Mahindra & Mahindra Limited Employees Stock Option Scheme 2000 (2000 Scheme). The Company has in force the following Schemes which get covered under the provisions of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (SBEB Regulations 2021): 1. Mahindra & Mahindra Limited Employees Stock Option Scheme – 2000 (2000 Scheme)* 2. Mahindra & Mahindra Limited Employees Stock Option Scheme – 2010 (2010 Scheme) 3. M&M Employees Welfare Fund No. 1 4. M&M Employees Welfare Fund No. 2 5. M&M Employees Welfare Fund No. 3 * No outstanding options as on 31 st March, 2022 There were no changes made to the above Schemes except alignment of 2010 Scheme with the SBEB Regulations 2021. The above-mentioned Schemes are