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

394 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2022-23 Geographical information The Group operates in principal geographical areas – India (country of domicile), and Overseas. The Group’s revenue from operations from external customers and information about its non-current assets by geographical location are detailed below: Rupees crores Particulars For the year Ended 31 st March, As at 31 st March, 2023 2022 2023 2022 Revenue from contract with customers Other revenue Total external revenue Revenue from contract with customers Other revenue Total external revenue Non- Current assets Non- Current assets India .................................................................................. 90,954.32 13,179.86 1,04,134.18 62,831.04 11,667.69 74,498.73 32,180.66 33,729.02 Overseas.......................................................................... 16,985.91 148.46 17,134.37 15,502.19 169.65 15,671.84 3,354.39 2,935.44 Total .................................................................................. 1,07,940.23 13,328.32 1,21,268.55 78,333.23 11,837.34 90,170.57 35,535.05 36,664.46 The revenue information above is based on the location of the customer. The non-current assets in the above table represent Property, plant and equipment, Capital work-in-progress, Goodwill, Other intangible assets, Intangibles under development, Income tax assets (Net) and Other non-current assets (Non-financial). Information about major customers During the year ended 31 st March, 2023 and 2022 respectively, revenues from transactions with a single external customer did not amount to 10 per cent or more of the Group’s revenues from external customers. 43. Employee Stock Option Plan The Company has allotted 55,24,219 Ordinary (Equity) Shares of Rs. 10 each, 10,00,000 Ordinary (Equity) Shares of Rs. 10 each, 1,73,53,034 Ordinary (Equity) Shares of Rs. 5 each, 19,11,628 Ordinary (Equity) Shares of Rs. 5 each and 52,00,000 Ordinary (Equity) Shares of Rs. 5 each in the years ended 31 st March, 2002, 31 st March, 2010, 31 st March, 2011, 31 st March, 2014 and 31 st March, 2015 respectively to the Mahindra & Mahindra Employees’ Stock Option Trust (“M&M ESOP Trust”) set up by the Company. The Trust holds these shares for the benefit of the employees and issues them to the eligible employees as per the recommendations of the Compensation Committee. Options granted under Mahindra & Mahindra Limited Employees Stock Option Scheme - 2000 (“2000 Scheme”) vest in 4 equal instalments on the expiry of 12 months, 24 months, 36 months and 48 months from the date of grant. The options may be exercised on any day over a period of five years from the date of vesting. Number of vested options exercisable is subject to a minimum of 50 or number of options vested whichever is lower. Options granted under Mahindra & Mahindra Limited Employees Stock Option Scheme - 2010 (“2010 Scheme”) vest in i) 5 equal instalments on the expiry of 12 months, 24 months, 36 months, 48 months and 60 months or ii) 5 equal instalments on the expiry of 36 months, 48 months, 60 months, 72 months and 84 months or iii) 4 instalments bifurcated as 20% on the expiry of 18 months, 20% on the expiry of 30 months, 30% on the expiry of 42 months and 30% on the expiry of 54 months or iv) 4 equal instalments on the expiry of 12 months, 24 months, 36 months and 48 months or v) 3 instalments bifurcated as 33.33% on the expiry of 12 months, 33.33% on the expiry of 24 months and 33.34% on the expiry of 36 months or vi) 2 instalments bifurcated as 50% on the expiry of 12 months and 50% on the expiry of 24 months or vii) 2 instalments bifurcated as 40% on the expiry of 36 months and 60% on the expiry of 60 months or The exercise period of above options range from 1 year to 6 years from the date of vesting. Number of vested options exercisable is subject to a minimum of 50 or number of options vested whichever is lower. 42. Segment Information (contd.)