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

MAHINDRA & MAHINDRA LIMITED 28 7. Details of the Valuation or other external party report (if any) The related party transactions will be in line with the Company’s Policy on Materiality of and Dealing with Related Party Transactions. These transactions will be on arm’s length basis and in the ordinary course of business. The related party transactions will be supported by the Valuation Report of an Independent valuer, wherever necessary. In case of SEIT, the external non-related party investors shall determine the value and the quantum of the InvIT units and will be supported by the valuation report which shall be made available as per Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 (“InvIT Regulations”) at the time of filing of the final placement memorandum of SEIT with SEBI. 8. Percentage of the Company’s annual consolidated turnover, for the immediately preceding financial year, that is represented by the value of the proposed transaction (and for a related party transaction involving a subsidiary, such percentage calculated on the basis of the subsidiary’s annual turnover on a standalone basis shall be additionally provided) i. Rs. 4,000 crores constitutes 3.27% of the Consolidated Turnover* of the Company, ii. Rs. 9,500 crores constitutes 7.76% of the Consolidated Turnover* of the Company, iii. R s. 6,000 crores constitutes 4.90% of the Consolidated Turnover* of the Company, iv. Rs. 1,500 crores constitutes 1.22% of the Consolidated Turnover* of the Company and v. Rs. 2,000 crores constitutes 1.63% of the Consolidated Turnover* of the Company for the financial year ended 31 st March, 2023. * Turnover includes Revenue from Operations and Other Income. Name of the Subsidiary Rs. 4,000 Crores as a % of Subsidiary’s Annual Turnover^ on a Standalone Basis Mahindra and Mahindra Financial Services Limited 36% Name of the Subsidiary Rs. 9,500 Crores as a % of the Subsidiary’s Annual Turnover^ on a Standalone Basis Mahindra Electric Automobile Limited^^ 1,53,424% Name of the Subsidiary Rs. 6,000 Crores as a % of the Subsidiary’s Annual Turnover^ on a Standalone Basis Mahindra Last Mile Mobility Limited Not Applicable Name of the Subsidiary Rs. 1,500 Crores as a % of the Subsidiary’s Annual Turnover^ on a Standalone Basis Mahindra Susten Private Limited 378% ^ Turnover includes Revenue from Operations and Other income. % of Subsidiary’s Annual Turnover is not applicable for companies which are yet to generate Revenue from operations. ^^ Incorporated on 25 th October, 2022. Note: The percentage above is based on the Company’s Consolidated Turnover / Subsidiary’s Standalone Turnover for the FY 2022-23 and the actual percentage shall depend upon the turnover of the Company/ Subsidiary as the case may be for the above referred respective financial years from 2023-24 to 2027-28.