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

415 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY AND SUSTAINABILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS Part “A” Subsidiaries [as per section 2(87) of the Companies Act, 2013] (contd.) Rupees crores Sr. No. Name of Subsidiary The date since when subsidiary was acquired Reporting currency Exchange rate Share Capital Reserves & Surplus Total Assets Total Liabilities Investments Gross Turnover ^ Profit/(Loss) before Tax Provision for Tax Profit/ (Loss) after Tax Proposed Dividend and Tax thereon Proportion of ownership interest @ ## 139 GA200 Pty Limited $ 27/06/2010 AUD 55.23 0.06 (0.06) — — — * * — * — 100.00% 140 Nomad TC Pty Limited $ 27/06/2010 AUD 55.23 0.13 (0.13) — — — * * — * — 100.00% 141 Airvan 10 Pty Limited $ 10/12/2015 AUD 55.23 0.06 (0.06) — — — * * — * — 100.00% 142 Gippsaero Pty Limited 27/06/2010 AUD 55.23 671.52 (671.33) 9.35 9.16 — 7.71 (6.44) — (6.44) — 100.00% 143 Airvan Flight Services Pty Limited $ 27/06/2010 AUD 55.23 0.06 (0.06) — — — * * — * — 100.00% 144 Mahindra Waste To Energy Solutions Limited 25/06/2017 INR 1.00 30.00 (14.10) 22.04 6.14 — 7.19 (3.68) — (3.68) — 100.00% 145 Mahindra Telecom Energy Management Services Limited 25/06/2017 INR 1.00 69.44 0.20 70.01 0.37 62.21 2.81 0.18 0.16 0.02 — 100.00% 146 Mahindra Construction Company Ltd 28/11/2017 INR 1.00 2.40 (24.00) 1.50 23.10 — 1.24 1.20 0.33 0.87 — 65.27% Notes * denotes amounts less than Rs. 50,000. ^ Gross turnover includes revenue from operations and other income ** denotes companies yet to commence operations # denotes companies where reporting period is different from 1 st April, 2022 to 31 st March, 2023. The financial year for all other subsidiaries is 1 st April, 2022 to 31 st March, 2023 € Under liquidation ¥ Under liquidation, financials are upto 18 th January, 2023 $ Based on unaudited financial statements as audit is not required as per their local laws $$ incorporated in current financial year and will prepare it’s first statutory accounts in next financial year @ excluding shares issued to ESOP Trusts of the respective entities/their holding companies but not allotted to employees ## There are no companies where voting power is different from ownership interests Names of subsidiaries which have ceased to exist during the year on account of Liquidation/ Sale/Merger through scheme of arrangement are as under : (a) OFD Holding B.V. (k) Kiinteistö Oy Rauhan Ranta 1 (u) Mahindra Residential Developers Limited (ae) Mahindra Fresh Fruits Distribution Holding Company (Europe) B.V. (b) Origin Direct Asia Ltd. (l) Kiinteistö Oy Rauhan Ranta 2 (v) Mahindra Tractor Assembly, Inc. (af) Mahindra Consulting Engineers Limited (c) Origin Fruit Direct B.V. (m) Kiinteistö Oy Tiurunniemi (w) Mahindra Electric Mobility Limited (ag) M ahindra Namaste Limited (d) Origin Fruit Services South America SpA (n) Kiinteistö Oy Kylpyläntorni 1 (x) Mahindra West Africa Limited (ah) Ssangyong Motor Company (e) Origin Direct Asia (Shanghai) Trading Co. Ltd. (o) Kiinteistö Oy Spa Lofts 2 (y) Peugeot Motocycles S.A.S. (ai) Ssangyong European Parts Center B.V (f) Kiinteistö Oy Himos Gardens (p) Kiinteistö Oy Spa Lofts 3 (z) Peugeot Motocycles Deutschland GmbH (aj) SY Auto Capital Co., LTD (g) Kiinteistö Oy Vanha Ykköstii (q) Kiinteistö Oy Kuusamon Pulkkajärvi 1 (aa) Peugeot Motocycles Italia S.p.A. (ak) SsangYong Australia Pty Limited (h) Kiinteistö Oy Katinnurkka (r) K iinteistö Oy Rauhan Liikekiinteistöt 1 (ab) PMTC Engineering SPA (i) Kiinteistö Oy Tenetinlahti (s) Merakisan Private Limited (ac) Mahindra Bangladesh Private Limited (j) Kiinteistö Oy Mällösniemi (t) M ahindra Integrated Township Limited (ad) HCR Management Oy