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

242 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2022-23 Rupees crores 2023 2022 [Refer note 44 (B)] C. CASH FLOW FROM FINANCING ACTIVITIES: Proceeds from issue of equity instruments.................................................................................................................................................................... 8.33 3.32 Proceeds from borrowings........................................................................................................................................................................................................... — 966.61 Repayment of borrowings............................................................................................................................................................................................................ (1,861.43) (2,514.72) Repayment of lease liabilities (including interest)...................................................................................................................................................... (113.79) (49.73) Dividends paid....................................................................................................................................................................................................................................... (1,435.86) (1,089.06) Interest, commitment and finance charges paid.......................................................................................................................................................... (381.00) (482.40) NET CASH FLOW USED IN FINANCING ACTIVITIES (C) ..................................................................................................................................... (3,783.75) (3,165.98) NET INCREASE/ (DECREASE) IN CASH AND CASH EQUIVALENTS (A+B+C) ................................................................................... 592.07 (152.84) Cash and cash equivalents at the beginning of the year ............................................................................................................................ 717.26 867.54 Acquisitions through business combinations [Refer note 44 (B)].................................................................................................................... — 2.47 Unrealised gain / (loss) on foreign currency cash and cash equivalents................................................................................................... 0.78 0.08 Cash and cash equivalents at the end of the year [Refer Note 14 (a)] ......................................................................................... 1,310.11 717.26 Note: 1 The above Cash Flow Statement has been prepared under the “indirect method” as set out in ‘Indian Accounting Standard (Ind AS) 7 - Statement of Cash Flows’. The accompanying notes 1 to 46 are an integral part of the Financial Statements. Cash Flow Statement (contd.) Directors: Vikram Singh Mehta Vishakha N. Desai T. N. Manoharan Haigreve Khaitan Shikha Sharma Nisaba Godrej Muthiah Murugappan Vijay Kumar Sharma CP Gurnani (DIN - 00041197) (DIN - 05292671) (DIN - 01186248) (DIN - 00005290) (DIN - 00043265) (DIN - 00591503) (DIN - 07858587) (DIN - 02449088) (DIN - 00018234) In terms of our report attached. For B S R & Co. LLP Chartered Accountants Firm’s Registration No : 101248W/W-100022 Venkataramanan Vishwanath Partner Membership No : 113156 Mumbai, 26 th May, 2023 Anand G. Mahindra Chairman (DIN - 00004695) Anish Shah Managing Director and CEO (DIN - 02719429) Rajesh Jejurikar Executive Director and CEO (Auto and Farm Sector) (DIN - 00046823) Manoj Bhat Group Chief Financial Officer Narayan Shankar Company Secretary (ACS No. 8666) Mumbai, 26 th May, 2023 For Mahindra & Mahindra Limited