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

66 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2022-23 order from the Court / Tribunal / Statutory Authority. Since then, no deposits have been claimed. There was no default in repayment of deposits or payment of interest thereon during the year under review. There are no deposits which are not in compliance with the requirements of Chapter V of the Companies Act, 2013. The particulars of loans / advances / investments, etc., required to be disclosed pursuant to Para A of Schedule V of the Listing Regulations are furnished separately in this Annual Report. The transaction(s) of the Company with a company belonging to the promoter / promoter group which hold(s) more than 10% shareholding in the Company as required pursuant to Para A of Schedule V of the Listing Regulations are disclosed separately in the Financial Statements of the Company. J. EMPLOYEES Key Managerial Personnel (KMP) The following have been designated as the Key Managerial Personnel of the Company pursuant to Sections 2(51) and 203 of the Companies Act, 2013 read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014: (a) Dr. Anish Shah – Managing Director and CEO (b) Mr. Rajesh Jejurikar – Executive Director and CEO (Auto and Farm Sector) (re-designated with effect from 15 th March, 2023) (c) Mr. Manoj Bhat – Group Chief Financial Officer (d) Mr. Narayan Shankar – Company Secretary Employees’ Stock Option and Employees’ Welfare Schemes During the year under review, based on the recommendation of the Governance, Nomination and Remuneration Committee (GNRC) of your Company, the Trustees of Mahindra & Mahindra Employees’ Stock Option Trust have granted Stock Options to employees under the Mahindra & Mahindra Limited Employees Stock Option Scheme 2010. No Stock Options have been granted to employees under the Mahindra & Mahindra Limited Employees Stock Option Scheme 2000 (2000 Scheme). The Company has in force the following Schemes which get covered under the provisions of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (SBEB Regulations 2021): 1. Mahindra & Mahindra Limited Employees Stock Option Scheme – 2000 (2000 Scheme)* 2. Mahindra & Mahindra Limited Employees Stock Option Scheme – 2010 (2010 Scheme) 3. M&M Employees Welfare Fund No. 1 4. M&M Employees Welfare Fund No. 2 5. M&M Employees Welfare Fund No. 3 * No outstanding options as on 31 st March, 2023 There are no changes made to the above Schemes during the year under review and these Schemes are in compliance with the SBEB Regulations 2021. Your Company’s Secretarial Auditor, Mr. Sachin Bhagwat, has certi ed that the Company’s above-mentioned Schemes have been implemented in accordance with the SBEB Regulations 2021, and the Resolutions passed by the Members for the 2000 Scheme and the 2010 Scheme. Information as required under Regulation 14 read with Part F of Schedule I of the SBEB Regulations 2021 has been uploaded on the Company’s website and can be accessed at the Web-link: https://www.mahindra.com/resources/FY23/ AnnualReport.zip . Particulars of Employees and related disclosures The Company had 500 employees who were in receipt of remuneration of not less than Rs. 1,02,00,000 during the year ended 31 st March, 2023 or not less than Rs. 8,50,000 per month during any part of the year. Details of employee remuneration as required under provisions of Section 197(12) of the Companies Act, 2013 read with Rule 5(2) & 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 will be made available during 21 days before the Annual General Meeting in electronic mode to any Shareholder upon request sent at [email protected] . Such details are also available on your Company’s website and can be accessed at the Web-link: https://www.mahindra.com/resources/FY23/ AnnualReport.zip . Disclosures with respect to the remuneration of Directors, Key Managerial Personnel (KMPs) and employees as required