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

299 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 45. Additional Regulatory Information: (contd.) a. Ratios: (contd.) Explanation for change in the ratios by more than 25%: (i) Debt Equity Ratio (times) : The debt equity ratio is at 0.11 in current year as against 0.17 in previous year primarily due to repayment of borrowings during the year. (ii) Debt Service Coverage Ratio (times) : The debt service coverage ratio is at 4.69 in current year as against 10.85 in previous year primarily due to repayment of borrowings during the year. b. Transaction with Struck off Companies: Rupees crores Name of the Struck off Company Receivables Payables Number of Shares held by Struck off Companies Other Outstanding Balances- Assets Other Outstanding Balances- Liabilities Argus Media Pvt Ltd.................................................................................................. — * — — — Asmita Fire Safety Private Limited................................................................. * — — — — Babace Pneumatics Private Limited............................................................... — * — — — Badri Sarraf Finance And Mutual Benefit Company Limited........ — — 796 — — Baux Arch Tech Pvt Ltd.......................................................................................... — * — — — Beauty Xl India Pvt Ltd........................................................................................... * — — — — Bkg Securities Limited............................................................................................. — — 32 — — C Cube Sports Private Limited........................................................................... — 0.01 — — — Chowdhary Motors Pvt Ltd.................................................................................. 0.17 — — — — Country Inn & Suites By Carlson (A U)........................................................ * — — — — Diamond Automobiles Pvt Ltd............................................................................ — 0.04 — — — Dimension Data India Private Limited........................................................... — 0.03 — — — Dimensions Engineering Technologies.......................................................... — — — * — Dreams Comtrade Private Limited.................................................................. — — 2 — — East West Power Genset Pvt., Ltd.,................................................................. — * — — — Elegant Finvest Private Limited......................................................................... — — 4 — — Enffluence Technologies Limited....................................................................... — 0.02 — — — Frontline Corporate Finance Ltd....................................................................... — — 1,944 — — Garlick Designing And Consultancy Pvt Ltd............................................. — — 264 — — Greenair Engg. Solutions P.Ltd............................................................................ * — — — — H.K. Exports Private Limited................................................................................ — — 700 — — Hanaro Hospitality Private Limited................................................................. — * — — — Hbn Homes Colonisers Private Limited........................................................ * — — — — Heeraraj R&D And Automations........................................................................ * — — * — High Calibre Cnc Centre Private Limited.................................................... 0.07 — — — — Horizon Staffing And Technical Solutions Private Limited............. * — — — — Horizon Staffing Solutions Private Limited............................................... * — — — — Hudson Engineering Industries Pvt Ltd....................................................... — — 1,200 — — Jagat Trading Enterprises Limited................................................................... — — 100 — — Jaipal Consultancy Private Limited................................................................. — — 1 — — Janardana Investments Pvt Ltd........................................................................ — — 12 — —