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

315 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS (A) Equity Share Capital Rupees crores Particulars 2023 2022 Issued, subscribed and paid up: Balance as at the beginning of the year.............................................................................. 556.06 555.15 Changes in equity share capital due to prior period error...................................... — — Restated balance .................................................................................................................................. 556.06 555.15 Add: Allotment of shares by M&M ESOP Trust to Employees............................... 0.59 0.91 Add: Shares issued under scheme of arrangement....................................................... 0.17 — Balance as at the end of the year ......................................................................................... 556.82 556.06 (B) Other Equity Rupees crores Particulars Attributable to owners of the company Non- controlling interests Total Reserves and surplus Items of other comprehensive income Total other equity Capital reserve on consolidation Securities premium Shares options outstanding account Other reserves Retained earnings Debt instrument through other comprehensive income Equity instrument through other comprehensive income Effective portion of Cash Flow Hedges (Refer Note 36 (a) (ii)) Foreign currency translation reserve As at 1 st April, 2022 ...................................... 369.99 2,649.46 223.46 4,632.30 39,174.21 (30.86) (130.01) (37.25) (284.72) 46,566.58 9,702.62 56,269.20 Profit /(loss) for the year ............................... — — — — 10,281.50 — — — — 10,281.50 1,092.98 11,374.48 Other comprehensive income /(loss) ............ — — — — (86.22) (36.87) (59.48) (66.80) 79.34 (170.03) (16.96) (186.99) Total comprehensive income /(loss) for the year ............................................................... — — — — 10,195.28 (36.87) (59.48) (66.80) 79.34 10,111.47 1,076.02 11,187.49 Dividend paid on equity shares ..................... — — — — (1,284.77) — — — — (1,284.77) (237.38) (1,522.15) Other comprehensive income reclassified to profit or loss .................................................. — — — — — — — (0.44) (24.02) (24.46) — (24.46) Other comprehensive income /(loss) reclassified to Retained earnings ................. — — — — 7.48 — (7.48) — — — — — Transfers from Retained earnings ............... — — — 210.76 (210.76) — — — — — — — On business combinations during the year ........................................................................ — — — — — — — — — — 195.33 195.33 On disposal of subsidiaries during the year . (0.72) — — (2.23) — — — — — (2.95) (50.73) (53.68) Exercise of employee stock options ............... — 86.42 (78.18) — — — — — — 8.24 — 8.24 Allotment of bonus shares by M&M ESOP trust to employees ........................................... — (0.30) — — — — — — — (0.30) — (0.30) On account of employee stock options lapsed .................................................................... — — (4.04) 4.04 — — — — — — — — Share-based payment to employees ........... — — 111.57 — — — — — — 111.57 — 111.57 Hyperinflation adjustment .............................. — — — — 443.00 — — — — 443.00 — 443.00 Transactions with non-controlling interest and changes in group's interest .................... — 9.90 7.52 — (136.83) — — — — (119.41) 30.46 (88.95) As at 31 st March, 2023 ....................................... 369.27 2,745.48 260.33 4,844.87 48,187.61 (67.73) (196.97) (104.49) (229.40) 55,808.97 10,716.32 66,525.29 Remeasurement gain (net) on defined benefit plans, net of deferred tax, aggregating to Rs. 86.22 crores (2022: Rs. 103.97 crores) has been recognised during the year as part of retained earnings. Consolidated Statement of Changes in Equity | for the year ended 31 st March, 2023