MAHINDRA & MAHINDRA LTD. | Integrated Annual Report 2023-24

MAHINDRA & MAHINDRA LIMITED 34 2. Type/Nature, material terms and particulars of the contract or arrangements Martial Solren Private Limited (“Martial”) Monetary values Rs. in crores a) Availing/rendering of services under EPC Contract; 800 b) P roviding fund based and non-fund based support including equity/ debt/ Inter-corporate deposits (ICD), convertible/ non-convertible instruments/ Guarantee/ security etc., in connection with loans provided and Interest, commission and other related income / expenses; and 940 c) E ntering into lease arrangements, shared services and other services including sharing or usage of each other’s resources like employees, infrastructure including IT assets, cloud, IOT and digital engineering, digital transformation, analytics, cyber security, manpower, management and management support services, owned / third party services and reimbursements and allied transactions. 10 Gelos Solren Private Limited (“GSPL”) Monetary values Rs. in crores a) Availing/rendering of services under EPC Contract; 800 b) P roviding fund based and non-fund based support including equity/ debt/ Inter-corporate deposits (ICD), convertible/ non-convertible instruments/ Guarantee/ security etc., in connection with loans provided and Interest, commission and other related income / expenses; and 692 c) E ntering into lease arrangements, shared services and other services including sharing or usage of each other’s resources like employees, infrastructure including IT assets, cloud, IOT and digital engineering, digital transformation, analytics, cyber security, manpower, management and management support services, owned / third party services and reimbursements and allied transactions. 8 Furies Solren Private Limited (“FSPL”) Monetary values Rs. in crores a) Availing/rendering of services under EPC Contract; 800 b) P roviding fund based and non-fund based support including equity/ debt/ Inter-corporate deposits (ICD), convertible/ non-convertible instruments/ Guarantee/ security etc., in connection with loans provided and Interest, commission and other related income / expenses; and 1,614 c) E ntering into lease arrangements, shared services and other services including sharing or usage of each other’s resources like employees, infrastructure including IT assets, cloud, IOT and digital engineering, digital transformation, analytics, cyber security, manpower, management and management support services, owned / third party services and reimbursements and allied transactions. 86 Hazel Hybren Private Limited (“HHPL”) Monetary values Rs. in crores a) Availing/rendering of services under EPC Contract; 400 b) P roviding fund based and non-fund based support including equity/ debt/ Inter-corporate deposits (ICD), convertible/ non-convertible instruments/ Guarantee/ security etc., in connection with loans provided and Interest, commission and other related income / expenses; and 842 c) E ntering into lease arrangements, shared services and other services including sharing or usage of each other’s resources like employees, infrastructure including IT assets, cloud, IOT and digital engineering, digital transformation, analytics, cyber security, manpower, management and management support services, owned / third party services and reimbursements and allied transactions. 8

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