MAHINDRA & MAHINDRA LTD. | Integrated Annual Report 2022-23

109 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Particulars of loans/advances, etc. pursuant to Para A of Schedule V of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Loans and advances in nature of loans to Subsidiaries: (Net of Provisions) (Rs. in crores) Name of the Company Balances as on 31 st March, 2023 Maximum outstanding during the year Mahindra Overseas Investment Company (Mauritius) Limited 1,583.47 1,583.47 Mahindra Airways Limited 0.00 4.17 Mahindra Agri Solutions Limited 34.00 34.00 Mahindra Two Wheelers Europe Holdings S.A.R.L. # 0.00 34.37 Mahindra Susten Private Limited 575.00 575.00 Classic Legends Private Limited @ 150.00 150.00 Ssangyong Motor Company (SYMC)* 0.00 64.89 # Mr. Rajesh Jejurikar (Director of the Company) is also a Director of Mahindra Two Wheelers Europe Holdings S.A.R.L. but he does not have any other concern or interest. @ M r. Anand G. Mahindra (Promoter & Director of the Company) and Mr. Rajesh Jejurikar (Director of the Company) are also Directors of Classic Legends Private Limited but they do not have any other concern or interest. * Ssangyong Motor Company (SYMC) ceased to be a subsidiary of the Company under the Companies Act, 2013 w.e.f. 2 nd September, 2022. SYMC had already ceased to be a subsidiary as per Indian Accounting Standards (Ind AS) w.e.f. 24 th December, 2020. SYMC is also not treated as related party. Loans and advances in nature of loans to Associates/Joint Venture: (Rs. in crores) Name of the Company Balances as on 31 st March, 2023 Maximum outstanding during the year Mahindra Ideal Lanka Private Limited 0.00 1.94