MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2023-24 124 CORPORATE SOCIAL RESPONSIBILITY ANNUAL REPORT ON CORPORATE SOCIAL RESPONSIBILITY (“CSR”) ACTIVITIES FOR THE FINANCIAL YEAR 2023-24 1. Brief outline on CSR Policy of the Company At Mahindra the core purpose is to “Drive positive change in the lives of our communities. Only when we enable others to rise will we rise”. This has propelled the Company’s CSR endeavours to play a catalytic role in bringing about social, economic, and environmental change by investing in projects that empowered girls and women and contributed to environmental conservation. This enabled your Company to achieve a higher social impact on the communities and the planet. The CSR Policy of your Company outlines this purpose and direction given by the Board of Directors of your Company, as per the recommendations of its Corporate Social Responsibility Committee (“CSR Committee”), and includes guiding principles for selection, implementation and monitoring of CSR activities as well as formulation of the annual CSR action plan. The CSR projects undertaken are also listed in the CSR policy. Also, in accordance with the Companies Act, 2013, your Company has committed 2% (Profit before Tax) annually towards CSR initiatives. 2. Composition of the CSR Committee: Sr. No. Name of Director Designation/ Nature of Directorship Number of meetings of CSR Committee held during the year Number of meetings of CSR Committee attended during the year 1. Dr. Vishakha N. Desai* Chairperson 3 3 2. Mr. Anand G. Mahindra Member 3 3 3. Dr. Anish Shah Member 3 3 4. Mr. Vikram Singh Mehta* Member 3 3 5. Mr. Muthiah Murugappan Member 3 3 * Dr. Vishakha N. Desai ceased to be the Chairperson and Member of the Committee with effect from 1st May, 2024, upon completion of her term as an Independent Director of your Company and the Committee was re-constituted by appointing Mr. Vikram Singh Mehta in her place as the Chairman of the Committee with effect from 1st May, 2024. Ms. Padmasree Warrior would be inducted as a Member of the Committee with effect from 17th May, 2024. 3. Provide the web-link where Composition of CSR committee, CSR Policy and CSR projects approved by the board are disclosed on the website of the company. https://www.mahindra.com/investor-relations/policies-and-documents 4. Provide the executive summary along with web-Link(s) of Impact Assessment of CSR projects carried out in pursuance of Sub rule (3) of rule 8, if applicable Your Company has commissioned Chrysalisis Services Private Limited (13 Projects) and BlueSky Sustainable Business LLP (For Project Hariyali) to carry out independent 3rd Party Impact Assessment Studies for 14 CSR projects conducted in FY 2023-24. The Executive summary of the projects is provided in this annexure. The weblink for all the impact assessment reports is given below :- https:/ www.mahindra.com/investor-relations/policies-and-documents ANNEXURE VI
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