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

73 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2021-22 The issued, subscribed and paid-up Share Capital of the Company stood at Rs. 621.60 crores as at 31 st March, 2022 comprising of 1,24,31,92,544 Ordinary (Equity) Shares of Rs. 5 each fully paid-up. There was no change in the issued, subscribed and paid-up Share Capital during the year under review. Compliance with the provisions of Secretarial Standard 1 and Secretarial Standard 2 The applicable Secretarial Standards, i.e. SS-1 and SS‑2, relating to ‘Meetings of the Board of Directors’ and ‘General Meetings’ respectively, have been duly complied by your Company. Annual Return Pursuant tosection134(3)(a) andsection92(3)of theCompanies Act, 2013 readwith Rule 12(1) of the Companies (Management and Administration) Rules, 2014, a copy of the annual return is placed on the website of the Company and can be accessed at https://www.mahindra.com/resources/FY22/AnnualReport.zip O. POLICIES The details of the Key Policies adopted by the Company are mentioned at Annexure VIII to the Board’s Report. P. PROCEEDINGS UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016 (31 OF 2016) There was one proceeding initiated/pending against your Company under the Insolvency and Bankruptcy Code, 2016 which does not materially impact the business of the Company. The Company has filed its detailed reply and the matter is pending for final hearing. Q. GENERAL Neither the Executive Chairman (upto 11 th November, 2021) nor the Managing Director nor the Executive Director (Automotive & Farm Sectors) received any remuneration or commission from any of the subsidiaries of your Company. Your Directors state that no disclosure or reporting is required in respect of the following items as there were no transactions/events on these items during the year under review: 1. Issue of equity shares with differential rights as to dividend, voting or otherwise. 2. Issue of Shares (including Sweat Equity Shares) to employees of the Company under any Scheme save and except Employees Stock Option Schemes (ESOS) referred to in this Report. 3. Signi cant or material orders passed by the Regulators or Courts or Tribunals which impact the going concern status and the Company’s operation in future. 4. Voting rights which are not directly exercised by the employees in respect of shares for the subscription/ purchase of which loan was given by the Company (as there is no scheme pursuant to which such persons can bene cially hold shares as envisaged under section 67(3)(c) of the Companies Act, 2013). 5. There has been no change in the nature of business of your Company. 6. The Company has not made any one-time settlement for loans taken from the Banks or Financial Institutions, and hence the details of difference between amount of the valuation done at the time of one time settlement and the valuation done while taking loan from the Banks or Financial Institutions along with the reasons thereof is not applicable. 7. There was no revision of financial statements and Board’s Report of the Company during the year under review. For and on behalf of the Board ANAND G. MAHINDRA Chairman Mumbai, 28 th May, 2022