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

388 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2022-23 (b) The related party transactions are as under: Rupees crores Sr. No. Nature of Transactions For the Year Ended 31 March Associates/ Associates of Subsidiaries/ Subsidiaries of Associate Joint Ventures/ Joint Ventures of Subsidiaries KMP /KMP Exercising Significant Influence/ close member of KMP Close members of KMP and Entities controlled/ jointly controlled by KMP Entity belonging to Promoter/ Promoter Group holding 10% or more in the company Welfare Funds/Post- employment benefit plans 1. Purchases: Goods............................................................ 2023 3,295.42 222.16 — — — — 2022 2,881.64 428.59 — — — — Property, plant & equipment and Intangible assets......................... 2023 40.01 0.04 — — — — 2022 16.75 0.04 — — — — Services....................................................... 2023 456.57 29.76 — — — — 2022 220.20 10.87 — — — — 2. Sales: Goods............................................................ 2023 303.54 978.16 — — — — 2022 235.81 749.95 — — — — Property, plant and equipment... 2023 — * — — — — 2022 0.01 * — — — — Services....................................................... 2023 74.42 80.98 0.14 — — — 2022 39.77 64.82 — 0.55 — 0.01 3. Investments: Purchases/subscribed/ conversion.................................................. 2023 12.00 72.47 0.06 — — — 2022 14.47 110.50 — — — — Proceeds from sale of shares...... 2023 234.91 — — — — — 2022 — — — — — — Proceeds from capital reduction/buyback of shares........ 2023 — 70.93 — — — — 2022 — 55.05 — — — — 4. Management contracts including deputation of personnel: From parties............................................. 2023 — 0.79 — — — — 2022 6.84 1.88 — — — — To parties.................................................... 2023 3.67 1.26 — — — — 2022 6.84 1.88 — — — — 5. Managerial remuneration................ 2023 — — 27.21 — — — 2022 — — 38.54 — — — 41. Related party disclosures (contd.)