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

347 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS (a) Reconciliation of number of ordinary (equity) shares and amount outstanding: Particulars 2023 2022 No. of Shares Rupees Crores No. of Shares Rupees Crores Issued, Subscribed and Paid-up: At the beginning of the year ............................................................................................ 1,24,31,92,544 621.60 1,24,31,92,544 621.60 Add: Shares issued under scheme of arrangement.......................................................... 3,36,287 0.17 — — 1,24,35,28,831 621.77 1,24,31,92,544 621.60 Less: Shares issued to M&M ESOP Trust but not allotted to Employees............ 4,54,10,607 22.71 4,65,91,301 23.30 Shares issued to M&M Benefit Trust............................................................................... 8,44,70,428 42.24 8,44,70,428 42.24 Adjusted Issued, Subscribed and Paid-up Share Capital .......................... 1,11,36,47,796 556.82 1,11,21,30,815 556.06 (b) The Ordinary (Equity) Shares of the Company rank pari-passu in all respects including voting rights and entitlement to dividend. (c) Details of Ordinary (Equity) Shares held by shareholders holding more than 5% of the aggregate shares in the Company’s Issued, Subscribed and Paid-up: Name of the Shareholder 2023 2022 No. of Shares % Shareholding No. of Shares % Shareholding Prudential Management & Services Private Limited..................................................... 14,15,21,940 11.38 14,15,21,940 11.38 M&M Benefit Trust................................................................................................................................. 8,44,70,428 6.79 8,44,70,428 6.79 Life Insurance Corporation of India............................................................................................ 6,21,30,470 5.00 8,55,54,624 6.88 17. Equity Share Capital (contd.)