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

378 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2022-23 Name of the Subsidiary Place of Incorporation and Place of Operation Proportion of ownership interest * As at 31 st March, 2023 2022 MRHFL Employee Welfare Trust (ESOP).................................................................................................................................................... India 51.73% 51.87% Mahindra & Mahindra Financial Services Limited ESOP Trust................................................................................................... India 52.24% 52.26% Mahindra Ideal Finance Limited....................................................................................................................................................................... Sri Lanka 30.40% 30.42% Mahindra Lifespace Developers Limited.................................................................................................................................................... India 51.28% 51.33% Mahindra Infrastructure Developers Limited.......................................................................................................................................... India 51.28% 51.33% Mahindra World City (Maharashtra) Limited........................................................................................................................................... India 51.28% 51.33% Knowledge Township Limited............................................................................................................................................................................ India 51.28% 51.33% Mahindra Integrated Township Limited ##.............................................................................................................................................. India — 37.98% Mahindra Residential Developers Limited ##........................................................................................................................................ India — 37.98% Industrial Township (Maharashtra) Limited.............................................................................................................................................. India 51.28% 51.33% Anthurium Developers Limited......................................................................................................................................................................... India 51.28% 51.33% Mahindra Water Utilities Limited..................................................................................................................................................................... India 50.77% 50.82% Rathna Bhoomi Enterprises Private Limited.......................................................................................................................................... India 51.28% 51.33% Deep Mangal Developers Private Limited................................................................................................................................................ India 51.28% 51.33% Moonshine Construction Private Limited.................................................................................................................................................. India 51.28% 51.33% Mahindra Bloomdale Developers Limited................................................................................................................................................. India 51.28% 51.33% Mahindra Holidays & Resorts India Limited............................................................................................................................................ India 67.18% 67.47% Mahindra Hotels and Residences India Limited.................................................................................................................................... India 67.18% 67.47% Gables Promoters Private Limited................................................................................................................................................................. India 67.18% 67.47% Heritage Bird (M) Sdn. Bhd.................................................................................................................................................................................. Malaysia 67.18% 67.47% Infinity Hospitality Group Company Limited........................................................................................................................................... Thailand 49.71% 49.92% MH Boutique Hospitality Limited @.............................................................................................................................................................. Thailand 32.92% 33.06% MHR Holdings (Mauritius) Limited................................................................................................................................................................. Mauritius 67.18% 67.47% Covington S.a.r.l........................................................................................................................................................................................................... Luxembourg 67.18% 67.47% HCR Management Oy ###.................................................................................................................................................................................. Finland — 67.47% Holiday Club Resorts Oy...................................................................................................................................................................................... Finland 67.18% 67.47% Kiinteistö Oy Himos Gardens ###................................................................................................................................................................. Finland — 67.47% Kiinteistö Oy Vanha Ykköstii ###................................................................................................................................................................... Finland — 67.47% Kiinteistö Oy Katinnurkka ###......................................................................................................................................................................... Finland — 67.47% Kiinteistö Oy Tenetinlahti ###......................................................................................................................................................................... Finland — 67.47% Kiinteistö Oy Mällösniemi ###.......................................................................................................................................................................... Finland — 67.47% Kiinteistö Oy Rauhan Ranta 1 ###.............................................................................................................................................................. Finland — 67.47% Kiinteistö Oy Rauhan Ranta 2 ###.............................................................................................................................................................. Finland — 67.47% Kiinteistö Oy Tiurunniemi ###.......................................................................................................................................................................... Finland — 67.47% Kiinteistö Oy Rauhan Liikekiinteistöt 1 #^.............................................................................................................................................. Finland — 67.47% Kiinteistö Oy Rauhan Liikekiinteistöt 1 (Formerly known as Supermarket Capri Oy).............................................. Finland 67.18% 67.47% 39. Disclosure of interest in Subsidiaries and interest of Non Controlling Interest (contd.) (a) Details of the Group’s subsidiaries at the end of the reporting period are as follows: (contd.)