CORPORATE GOVERNANCE 195 Ms. Shikha Sharma has completed 65 years of age. Ms. Shikha Sharma is an Independent Director of Mahindra & Mahindra Limited, Tech Mahindra Limited, Tata Consumer Products Limited, Dr. Reddy’s Laboratories Limited, Mahindra Electric Automobile Limited and Non-Executive and NonIndependent Director of Piramal Enterprises Limited. She is an advisor to Piramal Enterprises Limited, Billionbrains Garage Ventures Private Limited (“Groww Group”), Bahaar Foundation - a unit of Akshati Charitable Trust, McKinsey & Company Singapore Pte Ltd and a Member of the Board of Governors of IIM, Lucknow. She is also a consultant to Google India Digital Services Private Limited. Board Committee Memberships: Sr. No. Name of the Company/Entity Name of the Committee(s) Position Held 1. Mahindra & Mahindra Limited Audit Committee Member Governance, Nomination and Remuneration Committee Member Risk Management Committee Member Strategic Investment Committee Member 2. Tech Mahindra Limited Investment Committee Chairperson Risk Management Committee Chairperson Nomination and Remuneration Committee Member 3. Tata Consumer Products Limited Nomination and Remuneration Committee Chairperson Audit Committee Member Corporate Social Responsibility Committee Member Risk Management Committee Member 4. Dr. Reddy’s Laboratories Limited Risk Management Committee Chairperson Audit Committee Member Sr. No. Name of the Company/Entity Name of the Committee(s) Position Held 5. Piramal Enterprises Limited Risk Management Committee Chairperson Corporate Social Responsibility Committee Chairperson Financial Services Approval Committee Member 6. Mahindra Electric Automobile Limited Nomination and Remuneration Committee Chairperson Audit Committee Member 7. IIM Lucknow Nomination Committee Chairperson The GNRC has identified certain skills and capabilities required by the Directors of the Company. The skill sets possessed by Ms. Shikha Sharma 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. Ms. Shikha Sharma does not hold any Ordinary (Equity) Shares in the Company. Ms. Shikha Sharma has resigned as a Director of Ambuja Cements Limited on 16th September, 2022. Further, she ceased to be an Independent Director of Tata Coffee Limited on 1st January, 2024 pursuant to its merger with Tata Consumer Products Limited. Ms. Shikha Sharma is not interse related to any other Director or KMP of the Company. H. Codes of Conduct The Board of your Company has laid down two separate Codes of Conduct (“Codes”), one for all the Board Members and the other for Employees of the Company. These Codes have been posted on the website of your Company and can be accessed in the Governance section at the Web-link https://www. mahindra.com/investor-relations/policies-and-documents. All the Board Members and Senior Management Personnel have affirmed compliance with these Codes. A declaration signed by the Managing Director and Chief Executive Officer to this effect is enclosed at the end of this Report. The Code of Conduct for the Board Members of the Company also includes Code for Independent Directors which is a guide to professional conduct for Independent Directors, pursuant to section 149(8) and Schedule IV of the Act.
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