MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2023-24 306 Rupees crores 2024 2023 C. CASH FLOW FROM FINANCING ACTIVITIES: Proceeds from issue of equity instruments.................................................................................................................................................................... — 8.33 Proceeds from borrowings........................................................................................................................................................................................................... 650.00 — Repayment of borrowings............................................................................................................................................................................................................ (3,712.16) (1,861.43) Repayment of lease liabilities (including interest)...................................................................................................................................................... (152.62) (113.79) Dividends paid (including payment of unclaimed dividend) ................................................................................................................................ (2,021.13) (1,435.86) Interest, commitment and finance charges paid.......................................................................................................................................................... (301.60) (381.00) NET CASH FLOW USED IN FINANCING ACTIVITIES ............................................................................................................................................ (5,537.51) (3,783.75) NET INCREASE IN CASH AND CASH EQUIVALENTS (A+B+C)...................................................................................................................... 559.14 592.07 Cash and cash equivalents at the beginning of the year............................................................................................................................ 1,310.11 717.26 Unrealised gain on foreign currency cash and cash equivalents ................................................................................................................... 0.12 0.78 Cash and cash equivalents at the end of the year [refer note 14] .................................................................................................. 1,869.37 1,310.11 Note: The above Cash Flow Statement has been prepared under the “indirect method” as set out in ‘Indian Accounting Standard (Ind AS) 7 - Statement of Cash Flows’. The accompanying notes 1 to 50 are an integral part of the Financial Statements Cash Flow Statement (contd.) Directors: Vikram Singh Mehta T. N. Manoharan Haigreve Khaitan Shikha Sharma Nisaba Godrej Muthiah Murugappan (DIN - 00041197) (DIN - 01186248) (DIN - 00005290) (DIN - 00043265) (DIN - 00591503) (DIN - 07858587) In terms of our report attached. For B S R & Co. LLP Chartered Accountants Firm’s Registration No: 101248W/W-100022 Venkataramanan Vishwanath Partner Membership No: 113156 Bengaluru, 16th May, 2024 Anand G. Mahindra Chairman (DIN - 00004695) Anish Shah Managing Director and CEO (DIN - 02719429) Rajesh Jejurikar Executive Director and CEO (Auto and Farm Sector) (DIN - 00046823) Manoj Bhat Group Chief Financial Officer Narayan Shankar Company Secretary (ACS No. 8666) Mumbai, 16th May, 2024 For Mahindra & Mahindra Limited
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