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

310 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2022-23 (Referred to in paragraph 1 under ‘Report on Other Legal and Regulatory Requirements’ section of our report of even date) (xxi) In our opinion and according to the information and explanations given to us, following companies incorporated in India and included in the consolidated financial statements, have unfavourable remarks, qualification or adverse remarks given by the respective auditors in their reports under the Companies (Auditor’s Report) Order, 2020 (CARO): Sr. No. Name of the entities CIN Relationship Clause number of the CARO report which is unfavourable or qualified or adverse 1 Kota Farm Services Limited U02005MH2001PLC131699 Subsidiary Clause 3(XVII) and 3(XIX) 2 Mahindra Construction Company Limited U45200MH1992PLC068846 Subsidiary Clause 3(XIX) 3 Officemartindia.com Limited U74999MH2000PLC126610 Subsidiary Clause 3(XVII) and 3(XIX) 4 Transtech Logistics Private Limited U60231KA2008PTC048036 Joint Venture Clause 3(XIX) In addition to the above, there are certain companies in the Group whose auditors have reported cash losses in the financial year under clause 3(XVII) of the CARO report. Based on information and explanations provided to us, in our opinion, these observations are not considered unfavourable or qualified or adverse in nature and hence not reported under this clause. The above does not include comments, if any, in respect of the following entities as the CARO report relating to them has not been issued by its auditor till the date of principal auditor’s report. Name of the entities CIN Relationship Aquasail Distribution Private Limited U93090MH2006PTC164021 Joint Venture Brainbees Solutions Private Limited U51100PN2010PTC136340 Associate Medwell Ventures Private Limited U85100GJ2014PTC079080 Associate New Delhi Centre for Sight Limited U85120MH2002PLC338742 Joint Venture ReNew Sunlight Energy Private Limited U40300DL2020PTC374527 Associate For B S R & Co. LLP Chartered Accountants Firm’s Registration No.: 101248W/W-100022 Venkataramanan Vishwanath Partner Place : Mumbai Membership No.: 113156 Date : 26 May 2023 ICAI UDIN: 23113156BGYUJG1038 Annexure A to the Independent Auditor’s Report on the Consolidated Financial Statements of Mahindra & Mahindra Limited for the year ended 31 March 2023