MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2023-24 192 Board Directorships: Mr. Ranjan Pant has contributed as a Board Director and Committee Member in leading corporations, including HDFC Life Insurance Company Limited, DSP Blackrock Investments Private Limited and Schneider Electric Infrastructure Limited. Mr. Ranjan Pant is an Independent Director and Chairman of Schneider Electric President Systems Limited, Non-Executive and Non-Independent Director of Mahindra Accelo Limited, Mahindra Auto Steel Private Limited and a Director of Point RP Consulting Private Limited (OPC). Academic and Institutional Engagements: • IIM Indore: Board of Governors and Chairman of the Personnel Committee. • Mahindra University, Hyderabad: Governing Body • K C Mahindra Education Trust: Jury Panel Member for Postgraduate Scholarships. Mr. Ranjan Pant has completed 64 years of age. Board Committee Memberships: Sr. No. Name of the Company Name of the Committee(s) Position Held 1. Mahindra Accelo Limited Nomination & Remuneration Committee Chairman 2. Schneider Electric President Systems Limited Audit Committee Chairman Stakeholders Relationship Committee Chairman Risk Management Committee Chairman Nomination and Remuneration Committee Member 3 Mahindra & Mahindra Limited Strategic Investment Committee Member (appointed w.e.f. 17th May, 2024) Risk Management Committee Member (appointed w.e.f. 8th August, 2024) The GNRC has identified certain skills and capabilities required by the Directors of the Company. The skill sets possessed by Mr. Ranjan Pant are aligned to those identified by GNRC and complete details of the same are provided in the “Matrix setting out the core skills / expertise / competence of the Board of Directors” forming part of this Report. Mr. Ranjan Pant does not hold any Ordinary (Equity) Shares in the Company. Mr. Ranjan Pant’s tenure as a Director of Schneider Electric Infrastructure Limited ended on 21st May, 2022. Mr. Pant has not resigned as a Director from any listed entity in the past three years. He is not inter-se related to any other Director or KMP of the Company. Mr. Sat Pal Bhanoo [Non-Executive and Non-Independent Director (Nominee of LIC)] Mr. Sat Pal Bhanoo has taken charge as Managing Director of Life Insurance Corporation of India (“LIC”) on 20th July, 2023. He joined the Corporation as Special Batch Direct Recruit Officer in October, 1988. He holds a Bachelor’s Degree in History (Honors) from Himachal Pradesh University, Shimla. He has a varied and rich marketing experience. He served the Corporation in various roles as Zonal Manager (Central Zone), Additional Director, Zonal Training Centre (Bhopal), Regional Manager (P&IR), North Zone (Delhi). He was In-charge of Bangalore – I and Shimla Divisions steering the Corporation through a challenging climate and leading to consistent growth of business under dynamic market conditions. Wherever he has been posted, he fostered a culture of human resource development and empowerment, resulting in a highly motivated and skilled workforce, committed to the Corporation’s mission and values. As Chief (Marketing-SBA), he looked after the Marketing portfolio of Senior Business Associates & Life Insurance Corporation Associates as well, with a focus on revolutionizing marketing activities and empowering them. He likes to meet people and often motivates them by sharing his experiences. Mr. Sat Pal Bhanoo has completed 58 years of age. Mr. Sat Pal Bhanoo is the Managing Director of Life Insurance Corporation of India (LIC) and also serves as a Director on the Board of Life Insurance Corporation (LIC) of Bangladesh Limited.
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