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

257 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Particulars Face Value Per Unit (Rupees) 2023 2022 Number Rupees crores Number Rupees crores Preference shares (classified as equity instruments) Compulsory Convertible Cumulative Preference shares: Carnot Technologies Private Limited ............. – Series A ............................................................................................. 100 6,663 5.77 6,663 5.77 – Series B ............................................................................................. 100 2,298 3.00 2,298 3.00 – Series C ............................................................................................. 100 7,423 11.50 7,423 11.50 – Seed ..................................................................................................... 100 4,480 5.85 4,480 5.85 Compulsorily Convertible Cumulative Participating Preference shares: Smartshift Logistics Solutions Private Limited: – 0.01% Series C ............................................................................ 100 3,15,788 64.38 3,15,788 64.38 – 0.01% Series C1 ........................................................................ 100 1,84,529 37.50 1,84,529 37.50 Non Cumulative Compulsorily Convertible Preference shares: Zoomcar India Private Limited: – 0.0001% Series P1 .................................................................. 10 3,63,752 129.13 3,63,752 129.13 – 0.0001% Series P2 .................................................................. 10 1,03,063 — 1,03,063 — 257.13 257.13 657.14 2,047.39 (B) Designated and carried at FVTOCI (i) In Other Companies Gamaya SA: – Irredeemable Preferred shares.............................................. CHF 1 30,469 — 30,469 — – Common shares................................................................................ CHF 1 300 — 300 — TVS Automobile Solutions Private Limited: Compulsorily Convertible Preference shares ................. 10 — — 3,32,295 35.00 Equity shares - others...................................................................... 0.07 0.07 0.07 35.07 Investments in Equity Instruments (Total) ......................................... 23,942.10 22,191.88 Investments in Debt instruments: Unquoted At Amortised Cost (i) In Subsidiary Companies 10.00% Non-Cumulative Redeemable Participating Preference shares: Mahindra Construction Company Limited ..................................................................................................... 100 5,40,000 — 5,40,000 — — — (ii) In Other Companies Others ...................................................................................................... * * Investments in Debt Instruments (Total) ............................................ — — Other Non Current Investments Unquoted Mandatorily measured and Carried at FVTPL: (i) In Subsidiary Companies 6.00% Optionally Convertible Cumulative Redeemable Preference shares : Mahindra Agri Solutions Limited.............................................................................. 46 1,06,96,170 29.82 1,06,96,170 38.86 7.91% Optionally Convertible Redeemable Bonds : Mahindra Two Wheelers Europe Holdings S.a.r.l......... 1 6,57,70,67,725 62.75 — — 92.57 38.86 8. Investments (contd.) A. Non-current investments (contd.)