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

349 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 19. Borrowings A. Long Term Borrowings Rupees crores Particulars 2023 2022 Secured (Carried at Amortised Cost): Debentures & Bonds.................................................................................................................................................................................................................. 15,802.27 13,875.13 Term Loan (i) From Banks.......................................................................................................................................................................................................................... 27,155.80 19,050.97 (ii) From other parties.......................................................................................................................................................................................................... 109.85 154.95 43,067.92 33,081.05 Unsecured (Carried at Amortised Cost): Debentures & Bonds.................................................................................................................................................................................................................. 6,981.02 9,382.81 Term Loan (i) From banks........................................................................................................................................................................................................................... 945.06 1,969.24 (ii) From other parties.......................................................................................................................................................................................................... 150.01 — Deposits............................................................................................................................................................................................................................................... 3,564.76 3,557.35 Other loans....................................................................................................................................................................................................................................... 263.91 379.90 Loan from related parties....................................................................................................................................................................................................... 54.71 254.71 11,959.47 15,544.01 Total ...................................................................................................................................................................................................................................................... 55,027.39 48,625.06 Other loans primarily comprise of deferred sales tax loans which are interest free and repayable in five equal installments after ten years from the year of availment of respective loan. The borrowings carry varying rates of interest upto 9.55% p.a. and have maturities starting from 2023 and ending with 2063. B. Short Term Borrowings Rupees crores Particulars 2023 2022 Secured (Carried at Amortised Cost): Other loans....................................................................................................................................................................................................................................... 21.27 875.52 Loans repayable on demand – From banks and cash credit account......................................................................................................................................................................... 445.70 488.26 Term loan from banks............................................................................................................................................................................................................... 2,616.31 953.57 3,083.28 2,317.35 Unsecured (Carried at Amortised Cost): Deposits............................................................................................................................................................................................................................................... 792.62 1,350.68 Other loans....................................................................................................................................................................................................................................... 214.71 229.88 Loans repayable on demand – From Banks and Cash credit account........................................................................................................................................................................ 643.44 215.22 Loan from related parties....................................................................................................................................................................................................... 22.77 18.45 Commercial Papers...................................................................................................................................................................................................................... 3,936.00 993.03 Term Loan from Banks............................................................................................................................................................................................................. 379.36 245.00 5,988.90 3,052.26 Current maturities of long-term debt............................................................................................................................................................................ 24,667.44 20,672.51 Total .................................................................................................................................................................................................................................................... 33,739.62 26,042.12 Secured borrowings are secured by a pari-passu charge on immovable properties of certain entities in the Group both present and future, subject to certain exclusions and are also secured by pari-passu charge on the movable properties of certain entities including inventories, movable machinery, machinery spares, tools and accessories, both present and future, subject to certain exclusions.