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

MAHINDRA & MAHINDRA LIMITED 31 Sr. No. Name of the Related Party Nature of relationship with the Company, including nature of its concern or interest (financial or otherwise) Monetary Value per Related Party 1 a. Swaraj Engines Limited Subsidiary Not exceeding 5% of the Annual Consolidated Turnover of the Company # or Rs. 5,000 Crores, whichever is higher, per annum b. Classic Legends Private Limited Subsidiary Not exceeding 3% of the Annual Consolidated Turnover of the Company # or Rs. 3,000 Crores, whichever is higher, per annum c. CIE Automotive India Limited (formerly known as Mahindra CIE Automotive Limited)@ Associate # The Annual Consolidated Turnover shall be as per the last audited financial statements of the Company. @ Mahindra CIE Automotive Limited has on 16 th May, 2023 informed the Stock Exchanges that its application for change of name from Mahindra CIE Automotive Limited to CIE Automotive India Limited has been approved by the Central Government on 15 th May, 2023. As on the date of this Notice, the Master Data on the website of the Ministry of Corporate Affairs www.mca.gov.in carries the new name of the company and that the ‘fresh certificate of Incorporation pursuant to change in name’ as per Section 13(3) of the Companies Act, 2013 read with Rule 29 of the Companies (Incorporation) Rules, 2014 was awaited. 2. Type, Nature, material terms and particulars of the contract or arrangements 2a. Swaraj Engines Limited (“SEL”): Maximum Amount in any Financial Year Higher of (A) and (B) Monetary values p.a. Rs. in crores (A) % of Consolidated Turnover as per the last audited financial statements of the Company for the relevant financial year (B) a) Purchase of goods primarily including engines, engine components and other related parts/components, Sale of any goods and material including passenger / commercial vehicles, electric vehicles, electric kits, assemblies, components, castings, forgings, sheet metal, engines, engine components, tractors, implements, farm machinery, spares, accessories and other related components/parts; 4,700 4.7% b) Sharing or usage of each other’s resources like employees, infrastructure including IT assets, cloud, IOT and digital engineering, digital transformation, analytics, cyber security, manpower, management and management support services, owned / third party services and reimbursements; 50 0.05% c) Purchase / sale / transfer / exchange / lease of business assets including property, plant and equipment, Intangible assets, transfer of technology to meet the business objectives and requirements; 50 0.05% d) Providing fund based and non-fund based support including equity/ debt/ Inter-corporate deposits (ICD), convertible/ non-convertible instruments/ Guarantee/ security etc., in connection with loans provided and Interest, commission and other related income / expenses; 100 0.10% e) Any transfer of resources, services or obligations to meet its objectives/requirements. 100 0.10% Note: The value of corporate actions, if any, from SEL including receipt of dividends, tendering securities as a part of buyback offer, receipt of bonus securities, subscribing to rights issue, etc. by the Company that are uniformly offered/applicable to all shareholders in proportion to their shareholding, would be as approved by the Board of Directors / Shareholders of SEL. However, the total value of transactions between the Company and SEL including dividend received will not breach the overall limit for each of the financial years from 2023-24 to 2026-27 which is the higher of the monetary value of Rs. 5,000 crores and an amount which is 5% of the annual consolidated turnover as per the last audited financial statements of the Company. 2b. Classic Legends Private Limited (“CLPL”): Maximum Amount in any Financial Year Higher of (A) and (B) Monetary values p.a. Rs. in crores (A) % of Consolidated Turnover as per the last audited financial statements of the Company for the relevant financial year (B) a) Purchase / Sale of any goods and material primarily including two wheelers, spares & components; 2,250 2.25% b) Rendering/availing of services including R&D technical testing, etc; 100 0.10% c) Providing fund based and non-fund based support including equity/ debt/ Inter-corporate deposits (ICD), convertible/ non-convertible instruments/ Guarantee/ security etc., in connection with loans provided and Interest, commission and other related income / expenses; 500 0.50% d) Sharing or usage of each other’s resources like employees, infrastructure including IT assets, cloud, IOT and digital engineering, digital transformation, analytics, cyber security, manpower, management and management support services, owned / third party services and reimbursements; 100 0.10% e) Purchase / sale / transfer / exchange / lease of business assets including property, plant and equipment, Intangible assets, transfer of technology to meet the business objectives and requirements; 25 0.025% f) Any transfer of resources, services or obligations to meet its objectives/ requirements. 25 0.025% Note: The value of corporate actions, if any, from CLPL including receipt of dividends, tendering securities as a part of buyback offer, receipt of bonus securities, subscribing to rights issue, etc. by the Company that are uniformly offered/applicable to all shareholders in proportion to their shareholding, would be as approved by the Board of Directors/ Shareholders of CLPL. However, the total value of transactions between the Company and CLPL including dividend received will not breach the overall limit for each of the financial years from 2023-24 to 2026-27 which is the higher of the monetary value of Rs. 3,000 crores and an amount which is 3% of the annual consolidated turnover as per the last audited financial statements of the Company.