MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2023-24 444 Name of the Subsidiary Place of Incorporation and Place of Operation Proportion of ownership interest* As at 31st March, 2024 2023 Bristlecone GmbH...................................................................................................................................................................................................... Germany 96.40% 97.19% Bristlecone (Singapore) Pte. Limited............................................................................................................................................................ Singapore 96.40% 97.19% Bristlecone Internacional Costa Rica Limited........................................................................................................................................ U.S.A. 96.40% 97.19% Mahindra Teqo Private Limited (upto 28th September, 2023) ^^^.......................................................................................... India — 100.00% Emergent Solren Private Limited (upto 31st August, 2023) ^^^............................................................................................. India — 100.00% Marvel Solren Private Limited (w.e.f. 11th December, 2023)....................................................................................................... India 100.00% — Mahindra Accelo Limited....................................................................................................................................................................................... India 100.00% 100.00% Mahindra Steel Service Centre Limited...................................................................................................................................................... India 61.00% 61.00% Mahindra Electrical Steel Private Limited................................................................................................................................................ India 100.00% 100.00% Mahindra Auto Steel Private Limited........................................................................................................................................................... India 75.50% 75.50% Mahindra MiddleEast Electrical Steel Service Centre (FZC)........................................................................................................ U.A.E. 90.00% 90.00% Mahindra MSTC Recycling Private Limited............................................................................................................................................... India 50.00% 50.00% PT Mahindra Accelo Steel Indonesia............................................................................................................................................................ Indonesia 99.98% 99.98% Mahindra Defence Systems Limited............................................................................................................................................................. India 100.00% 100.00% Mahindra Emirates Vehicle Armouring FZ-LLC...................................................................................................................................... U.A.E. 88.00% 88.00% Mahindra Armored Vehicles Jordan, LLC................................................................................................................................................... Jordan 88.00% 88.00% Mahindra Telephonics Integrated Systems Limited............................................................................................................................ India 100.00% 100.00% Mahindra Aerospace Private Limited............................................................................................................................................................ India 100.00% 100.00% Mahindra Aerostructures Private Limited................................................................................................................................................. India 100.00% 100.00% Mahindra Aerospace Australia Pty Ltd........................................................................................................................................................ Australia 100.00% 100.00% Gipps Aero Pty Ltd (upto 30th November, 2023) ***......................................................................................................................... Australia — 100.00% Airvan Flight Services Pty Ltd (upto 30th November, 2023) ***............................................................................................... Australia — 100.00% GA8 Airvan Pty Ltd (upto 30th November, 2023) ***........................................................................................................................ Australia — 100.00% GA200 Pty Ltd (upto 30th November, 2023) ***.................................................................................................................................. Australia — 100.00% Nomad TC Pty Ltd (upto 30th November, 2023) ***.......................................................................................................................... Australia — 100.00% Airvan 10 Pty Ltd (upto 30th November, 2023) ***........................................................................................................................... Australia — 100.00% Mahindra Airways Limited.................................................................................................................................................................................... India 100.00% 100.00% Mahindra Automotive Mauritius Limited.................................................................................................................................................... Mauritius 100.00% 100.00% 43. Disclosure of interest in Subsidiaries and interest of Non Controlling Interest (Continued)
RkJQdWJsaXNoZXIy NTE5NzY=