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

389 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS 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 6. Stock options.................................................. 2023 — — 6.98 — — — 2022 — — 5.18 — — — 7. Commission and other benefits to non-executive/independent directors (including nominee directors) **........................................................ 2023 — — 3.89 — — — 2022 — — 3.89 — — — 8. Others (sitting fees) #....................... 2023 — — 0.14 — — — 2022 — — — — — — 9. Finance: Inter corporate deposits/loan given............................................................... 2023 — 580.00 — — — — 2022 — 202.43 — — — — Inter Corporate Deposits/loan refunded by parties............................. 2023 — 170.72 0.61 — — 5.00 2022 — 173.89 7.22 — — 5.00 Debenture redeemed by related parties........................................................... 2023 — — — — — — 2022 1.00 13.62 — — — — Debenture redeemed to related parties........................................................... 2023 — — — — — — 2022 150.00 — — — — — Inter corporate deposits /loan taken.............................................................. 2023 50.86 0.77 — 2.14 — — 2022 200.90 — — — — — Inter corporate deposits /loan refunded...................................................... 2023 51.55 0.62 — 2.19 — — 2022 510.90 — — — — — Invoice Discounting.............................. 2023 4,141.43 — — — — — 2022 3,742.49 — — — — — Interest income...................................... 2023 — 36.09 0.03 — — — 2022 — 15.19 0.11 — — — Interest expense.................................... 2023 12.71 5.85 — 0.16 — — 2022 19.64 9.24 — — — — Dividend received.................................... 2023 1,296.66 94.35 — — — — 2022 1,212.48 33.30 — — — — 41. Related party disclosures (contd.) (b) The related party transactions are as under: (contd.)