MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2023-24 376 (Referred to in paragraph 1 under ‘Report on Other Legal and Regulatory Requirements’ section of our report of even date) (xxi) In our opinion and according to the information and explanations given to us, following companies incorporated in India and included in the consolidated financial statements, have adverse remarks given by its respective auditors in their reports under the Companies (Auditor’s Report) Order, 2020 (CARO): Sr. No. Name of the entities CIN Holding Company/ Subsidiary/ Joint Venture/ Associate Clause number of the CARO report which is adverse 1 Mahindra & Mahindra Financial Services Limited L65921MH1991PLC059642 Subsidiary 3(xi)(a) 2 Mahindra Susten Private Limited U74990MH2010PTC207854 Joint Venture 3(xi)(a) 3 Kota Farm Services Limited U02005MH2001PLC131699 Subsidiary 3(xix) 4 Mahindra Top Greenhouses Private Limited U74999MH2018PTC317132 Joint Venture 3(xvii) and 3(xix) 5 Officemartindia.com Limited U74999MH2000PLC126610 Subsidiary 3(xvii) and 3(xix) 6 Mahindra Construction Company Limited U45200MH1992PLC068846 Subsidiary 3(xix) 7 Mahindra First Choice Wheels Limited U64200MH1994PLC083996 Subsidiary 3(xi)(a) 8 V-Link Freight Services Private Limited U62100MH2022PTC390187 Subsidiary 3(xvii) 9 ZipZap Logistics Private Limited U60221TG2018PTC125881 Subsidiary 3(xvii) 10 MLL Express Services Private Limited U63040MH2006PTC165956 Subsidiary 3(xvii) In addition to the above, there are certain companies in the Group whose auditors have reported cash losses in the financial year under clause 3(xvii) of the CARO report. Based on information and explanations provided to us, in our opinion, these observations are not considered adverse in nature and hence not reported under this clause. The above does not include comments, if any, in respect of the following entities as the CARO report relating to them has not been issued by its auditor till the date of principal auditor’s report. Name of the entities CIN Subsidiary/ Joint Venture/ Associate Aquasail Distribution Company Private Limited U93090MH2006PTC164021 Joint Venture Brainbees Solutions Limited U51100PN2010PLC136340 Associate New Delhi Centre for Sight Limited U85120MH2002PLC338742 Joint Venture ReNew Sunlight Energy Private Limited U40300DL2020PTC374527 Associate For B S R & Co. LLP Chartered Accountants Firm’s Registration No.: 101248W/W-100022 Venkataramanan Vishwanath Partner Place : Bengaluru Membership No.: 113156 Date : 16 May 2024 ICAI UDIN: 24113156BKGFOO4838 Annexure A to the Independent Auditor’s Report on the Consolidated Financial Statements of Mahindra & Mahindra Limited for the year ended 31 March 2024
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