MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2023-24 120 III. I hereby report that, during the Review Period, the compliance status of the listed entity is appended as below: Sr. No. Particulars Compliance Status (Yes/No/NA) Observations / remarks by PCS 1. Secretarial Standards: The compliances of the listed entity are in accordance with the applicable Secretarial Standards (SS) issued by the Institute of Company Secretaries of India (ICSI), as notified by the Central Government under section 118(10) of the Companies Act, 2013 and mandatorily applicable. Yes — 2. Adoption and timely updating of the Policies: All applicable policies under SEBI Regulations are adopted with the approval of board of directors of the listed entity. Yes — All the policies are in conformity with SEBI Regulations and have been reviewed and updated on time, as per the regulations/circulars/guidelines issued by SEBI. Yes — 3. Maintenance and disclosures on Website: The Listed entity is maintaining a functional website; Yes — Timely dissemination of the documents/ information under a separate section on the website; Yes — Web-links provided in Annual Corporate Governance Reports under Regulation 27(2) are accurate and specific which re- directs to the relevant document(s)/ section of the website. Yes — 4. Disqualification of Director: None of the Director(s) of the listed entity is disqualified under Section 164 of Companies Act, 2013 Yes — 5. Details related to Subsidiaries of listed entity have been examined w.r.t.: (a) Identification of material subsidiary companies; Yes — (b) Disclosure requirement of material as well as other subsidiaries. Yes — 6. Preservation of Documents: The listed entity is preserving and maintaining records as prescribed under SEBI Regulations and disposal of records as per Policy of Preservation of Documents and Archival policy prescribed under SEBI LODR Regulations, 2015. Yes — 7. Performance Evaluation: The listed entity has conducted performance evaluation of the Board, Independent Directors and the Committees on an annual basis as prescribed in SEBI Regulations. Yes — 8. Related Party Transactions: a) The listed entity has obtained prior approval of Audit Committee for all related party transactions; or (a) Yes — b) The listed entity has provided detailed reasons along with confirmation whether the transactions were subsequently approved/ratified/rejected by the Audit Committee, in case no prior approval has been obtained. (b) NA Please refer to point No. 8(a) 9. Disclosure of events or information: The listed entity has provided all the required disclosure(s) under Regulation 30 along with Schedule III of SEBI LODR Regulations, 2015 within the time limits prescribed thereunder. Yes —
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