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

61 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2021-22 in compliance with the SBEB Regulations 2021. Your Company’s Secretarial Auditor, Mr. Sachin Bhagwat, has certi ed that the Company’s above-mentioned Schemes have been implemented in accordance with the SBEB Regulations 2021, and the Resolutions passed by the Members for the 2000 Scheme and the 2010 Scheme. Information as required under Regulation 14 read with Part F of Schedule I of the SBEB Regulations 2021 has been uploaded on the Company’s website and can be accessed at theWeb-link: https://www.mahindra.com/resources/FY22/AnnualReport.zip. Particulars of Employees and related disclosures The Company had 389 employees who were in receipt of remuneration of not less than Rs. 1,02,00,000 during the year ended 31 st March, 2022 or not less than Rs. 8,50,000 per month during any part of the year. Details of employee remuneration as required under provisions of Section 197(12) of the Companies Act, 2013 read with Rule 5(2) & 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 will be made available during 21 days before the Annual General Meeting in electronic mode to any Shareholder upon request sent at [email protected]. Such details are also available onyour Company’swebsiteandcanbeaccessedat theWeb-link: https://www.mahindra.com/resources/FY22/AnnualReport.zip. Disclosures with respect to the remuneration of Directors, KMPs and employees as required under Section 197(12) of the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are given in Annexure V to this Report. Industrial Relations The year under review witnessed a very positive Industrial Relations Scenario across all manufacturing locations for the Automotive and Farm Equipment Sectors even during the toughest time of Pandemic. Your Company’s focus continues towards propagating proactive and employee centric practices. The transformationalwork culture initiative that aims tocreate an engagedworkforce with an innovative, productive and a competitive shop-floor ecosystem continues to grow in strength. Some examples of the programs put in place includes ‘Rise for Associates’, industrial relations skills for frontline officers, Employee of the year, e-compliance, e-portal for reward and recognition of associates and Code of Conduct for associates. The Employee Relations Council is taking forward the work of Transformational Work Culture Committee (TWCC) and leads the design and implementation of these programs and reviews its progress. With the objective of capability building, developing future ready workforce and fostering togetherness at the workplace, your Company implements multiple training and engagement programs on an ongoing basis. These include various behavioral and functional programs such as safety and environment, quality tools, TPM, continuous improvement, result orientation, relationship management, decision making and programs on skill building. In its continuous endeavor in employee lifecycle processes, your Company has launched-Employee Connect Centre (ECC) digital form of traditional time office and payroll for ease of access to associates, Success Factors & Learning Management System for associates to enable self-paced learning on a digital space. The Mahindra Skill Excellence initiative, a holistic approach to enhance the skill and capabilities of shop floor associates, is receiving good participation across manufacturing facilities. One of your Company’s associates from MRV Chennai won the silver medal in IndiaSkills Competition. The Mahindra Parivaar including dealers has won all the top three positions in the Automobile Technology Category at IndiaSkills, New Delhi held from 6 th to 10 th January 2022. One among them would be representing the Company at the World Skills Competition to be held at Shanghai, China, in October later this year. In an endeavor to improve quality, reduce cost, ensure safety, and improve productivity, your Company’s shop floor associates managed to generate on an average 10 ideas per person in the Financial Year 2022 even during the time of uncertainties. This year significant emphasis was also laid towards raising awareness on health and wellness of employees and their family members on protection from COVID-19 under the brand program “Swasth Raho Mast Raho” over Google Teams platform in addition to regular annual medical check-ups and health awareness activities. Diet food has become a way of life over the past four years. The Company maintains an ‘Employee Health Index’ at an individual level, and this has been a useful tool in identifying employees who require focussed counselling and monitoring.