STANDALONE ACCOUNTS 323 14. Cash & cash equivalents Rupees crores Particulars 2024 2023 Balances with banks – On Current accounts......................................................................................................................................................................................................................... 880.02 547.79 – Fixed deposits with original maturity less than 3 months.................................................................................................................................... 872.65 656.73 1,752.67 1,204.52 Cheques, drafts on hand (including in transit).................................................................................................................................................................... 116.67 105.51 Cash on hand.............................................................................................................................................................................................................................................. 0.03 0.08 Total ............................................................................................................................................................................................................................................................... 1,869.37 1,310.11 15. Bank balances other than cash and cash equivalents Rupees crores Particulars 2024 2023 Earmarked balances with banks ................................................................................................................................................................................................. 16.78 17.18 Balances with banks on margin accounts ............................................................................................................................................................................ 9.88 9.78 Fixed deposits ........................................................................................................................................................................................................................................... 3,629.89 3,144.68 Total ............................................................................................................................................................................................................................................................... 3,656.55 3,171.64 16. Assets held for sale In March 2023, the Company approved sale / transfer of assets and business pertaining to the Last Mile Mobility Business of the Company and consequently the assets and business have been sold / transferred to Mahindra Last Mile Mobility Limited w.e.f. 1st September 2023. The identified assets and liabilities have been classified as ‘Asset held for sale’ as at 31st March 2023. 17. Equity Share Capital Rupees crores Particulars 2024 2023 Authorised: 22,31,30,00,000 (2023: 22,31,30,00,000) Ordinary (Equity) Shares of Rs. 5 each........................................................................... 11,156.50 11,156.50 25,00,000 Unclassified Shares of Rs. 100 each (2023: 25,00,000)................................................................................................................ 25.00 25.00 150,00,00,000 Preference Shares of Rs. 10 each (2023: 150,00,00,000)............................................................................................... 1,500.00 1,500.00 12,681.50 12,681.50 Issued and Subscribed and Paid-up: 1,24,35,28,831 (2023: 1,24,35,28,831) Ordinary (Equity) Shares of Rs. 5 each fully paid up................................................... 621.77 621.77 Less: 4,42,82,631 (2023: 4,54,10,607) Ordinary (Equity) Shares of Rs. 5 each fully paid up issued to M&M ESOP Trust but not yet allotted to employees.............................................................................................................................................................................................. 22.15 22.72 Adjusted Issued, Subscribed and Paid-up Share Capital.................................................................................................................................... 599.62 599.05 a. Reconciliation of number of Ordinary (Equity) Shares and amount outstanding: Particulars 2024 2023 No. of Shares Rupees Crores No. of Shares Rupees Crores Issued, Subscribed and Paid-up: At the beginning of the year..................................................................................................... 1,24,35,28,831 621.77 1,24,31,92,544 621.60 Add: Shares issued under scheme of arrangement................................................... — — 3,36,287 0.17 Balance as at the end of the year ..................................................................................... 1,24,35,28,831 621.77 1,24,35,28,831 621.77 Less: Shares issued to M&M ESOP Trust but not allotted to employees .... 4,42,82,631 22.15 4,54,10,607 22.72 Adjusted Issued, Subscribed and Paid-up Share Capital................................... 1,19,92,46,200 599.62 1,19,81,18,224 599.05 b. The Ordinary (Equity) Shares of the Company rank pari-passu in all respects including voting rights and entitlement to dividend.
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