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

293 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 40. Disclosure required under Section 186(4) of the Companies Act, 2013 for Loans and Guarantees (net of provision): Rupees crores Sr. No. Name Relationship as per Companies Act, 2013 2023 2022 1. Inter Corporate deposits and Loans Mahindra Overseas Investment Company (Mauritius) Limited Subsidiary of the Company 1,583.47 1,492.75 SsangYong Motor Company Subsidiary of the Company — 61.55 Mahindra Agri Solutions Limited Subsidiary of the Company 34.00 15.00 Mahindra Susten Private Limited Subsidiary of the Company 575.00 575.00 Classic Legends Private Limited Subsidiary of the Company 150.00 17.00 Mahindra Ideal Lanka (Private) Limited Subsidiary of the Company — 1.94 Kotak Mahindra Investment Limited — 50.00 2,342.47 2,213.24 Sr. No. Name Relationship as per Companies Act, 2013 2023 2022 Outstanding Recognized in Balance Sheet Outstanding Recognized in Balance Sheet 2. Guarantees Mahindra Racing UK Limited Subsidiary of the Company 20.38 — — — Mahindra USA Inc. Subsidiary of the Company 123.29 — 113.58 — Peugeot Motocycles S.A.S. Subsidiary of the Company — — 211.61 — Sampo Rosenlew Oy Associate of the Company — — 42.25 — PF Holding B.V. Associate of the Company 553.66 15.86 521.98 20.50 Note:- a) Inter corporate deposits given and repaid during the year amounting to Rs. 112.00 crores to Classic Legends Private Limited, Rs. 4.17 crores To Mahindra Airways Limited and Rs. 34.33 crores to Mahindra Two Wheelers Europe Holdings S.a.r.l. b) Above inter corporate deposits and loans have been given for general business purposes (including investment purposes) and guarantees have been given against their borrowing obligation which have been taken for general corporate purpose. c) Refer note 8 for investments.