CORPORATE GOVERNANCE 227 The voting rights on these shares shall remain frozen until the rightful owner claims the shares. The Company has appointed a Nodal Officer under the provisions of IEPF Rules, the details of which are available on the website of the Company https://www.mahindra.com/contact-us. Further, the Company has also appointed Deputy Nodal Officers to assist the Nodal Officer to, inter alia, verify the claim(s) and co-ordinate with the IEPF Authority. The Company has uploaded the details of unpaid and unclaimed amounts lying with the Company as on 31st March, 2023 on the Company’s website at the web link: https://www.mahindra.com/investor-relations/regulatory-filings and on the website of the Ministry of Corporate Affairs at https://www.iepf.gov.in/content/iepf/global/master/Home/Home.html. The following table provides dates on which unclaimed dividend and their corresponding shares would become liable to be transferred to the IEPF: Year Date of declaration of dividend Due date for transfer to IEPF Amount (Rs.) (As on 31st March, 2024) 2016-17 4th August, 2017 3rd September, 2024 2,90,60,486.00 2017-18 7th August, 2018 6th September, 2025 2,51,00,775.00 2018-19 7th August, 2019 6th September, 2026 2,94,23,219.78 2019-20 7th August, 2020 7th September, 2027 77,91,617.40 2020-21 6th August, 2021 7th September, 2028 1,96,03,687.25 2021-22 5th August, 2022 6th September, 2029 2,36,82,183.71 2022-23 4th August, 2023 4th September, 2030 3,26,68,471.86 IX. OTHER DISCLOSURES 1. Compliance with Mandatory requirements Your Company has complied with all the mandatory requirements of the Listing Regulations relating to Corporate Governance. 2. Compliance with Non-mandatory requirements: (a) Separate posts of Chairman and CEO Y our Company has separate posts of Chairman and CEO. Whilst Mr. Anand G. Mahindra is the Chairman, Dr. Anish Shah is the Managing Director and Chief Executive Officer of the Company. (b) Office for Non-Executive Chairman M r. Anand G. Mahindra, Chairman of the Company is entitled to maintain a full- fledged office including staff, appropriate security, etc., the expense of which is borne by the Company. (c) Unmodified Audit Opinion D uring the year under review, there is no audit qualification in your Company’s standalone financial statements. Your Company continues to adopt best practices to ensure regime of financial statements with unmodified audit qualifications. 3. Details of utilisation of funds of Preferential Allotment/ QIP The Company has not raised funds through Preferential Allotment/QIP during the year under review. 4. Total fees for all services paid to the Statutory Auditors by the Company and its Subsidiaries for the Financial Year 2023-24 Total fees paid by the Company and its Subsidiaries on a consolidated basis, to the Statutory Auditor viz. B S R & Co. LLP, Chartered Accountants, Firm Registration No. 101248W/W-100022 and all entities in the network firm/network entity of which the Statutory Auditors is a part, are as follows: (Rs. in Crores) Particulars Amount Audit Fees (Including Limited Review Fees) 11.36 Other Services 1.28 Reimbursement of expenses 0.51 Total 13.15
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