MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2023-24 200 was paid a fixed Commission of Rs. 2.50 crores for the year ended 31st March, 2023. During the year under review, the following Non-Executive Directors were paid a commission of Rs. 582 lakhs (provided for in the accounts for the year ended 31st March, 2023), distributed amongst the Directors as follows: Name of Directors Commission for the year ended 31st March, 2023, paid during the year under review (Rs. In Lakhs) Mr. Anand G. Mahindra 250.00 Mr. Vikram Singh Mehta 45.00 Dr. Vishakha N. Desai (upto 30th April, 2024) 45.00 Mr. T.N. Manoharan 45.00 Mr. Vijay Kumar Sharma (Nominee of LIC) (upto 19th December, 2023) 38.00# Name of Directors Commission for the year ended 31st March, 2023, paid during the year under review (Rs. In Lakhs) Mr. Haigreve Khaitan 45.00## Ms. Shikha Sharma 38.00 Mr. CP Gurnani ^ (upto 19th December, 2023) Nil Ms. Nisaba Godrej 38.00 Mr. Muthiah Murugappan 38.00 # Commission was paid to LIC. ## Commission was paid to Khaitan & Co., in which Mr. Haigreve Khaitan is a Partner. ^ Mr. CP Gurnani, Managing Director & CEO of Tech Mahindra Limited upto 19th December, 2023, had waived his right to receive sitting fees for attending the Meetings of the Board of Directors or any other remuneration payable to the Non‑Executive Directors of the Company from 1st April, 2020 to 19th December, 2023, as a Non-Executive Director on the Board of Directors of the Company. A commission of Rs. 571.31 lakhs has been provided as payable to the Non-Executive Directors in the accounts for the year under review. Non-Executive Directors are also paid sitting fees of Rs. 1,00,000 each for every Meeting of the Board and Rs. 60,000 each for every Committee Meeting other than Stakeholders Relationship Committee. The sitting fees paid for every Meeting of Stakeholders Relationship Committee is Rs. 30,000 each for Non‑Executive Director. Additionally, Non-Executive Directors are also reimbursed for expenses incurred in the performance of their official duties. The sitting fees paid to Non-Executive Directors and the commission payable to them for the year ended 31st March, 2024 along with their respective shareholdings in your Company are as under: Name of Directors Sitting Fees paid for the Board and Committee Meetings held during the year ended 31st March, 2024 (Rs. in Lakhs) Commission for the year ended 31st March, 2024, provided as payable in the accounts of the Company for the year under review (Rs. in Lakhs) No. of Ordinary (Equity) Shares held as on 31st March, 2024 Mr. Anand G. Mahindra 15.00 250.00 14,30,008 Mr. Vikram Singh Mehta 22.80 45.00 20,000 Dr. Vishakha N. Desai (upto 30th April, 2024) 9.00 45.00 12,500 Mr. T.N. Manoharan 16.80 45.00 Nil Mr. Vijay Kumar Sharma (Nominee of LIC) (upto 19th December, 2023) 7.80 27.31# Nil Mr. Haigreve Khaitan 19.20## 45.00 Nil Ms. Shikha Sharma 20.00 38.00 Nil Mr. CP Gurnani^ (upto 19th December, 2023) Nil Nil 2,290 Ms. Nisaba Godrej 12.60 38.00 Nil Mr. Muthiah Murugappan 12.00 38.00 Nil # Commission is payable to LIC. ## Sitting fees were paid to Khaitan & Co., in which Mr. Haigreve Khaitan is a Partner. ^ Mr. CP Gurnani, Managing Director & CEO of Tech Mahindra Limited upto 19th December, 2023, had waived his right to receive sitting fees for attending the Meetings of the Board of Directors or any other remuneration payable to the Non‑Executive Directors of the Company from 1st April, 2020 to 19th December, 2023, as a Non-Executive Director on the Board of Directors of the Company. The Non-Executive Directors were not granted Stock Options during the year under review.
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