Integrated Annual Report 2024-25 102 3. ‘Beyond Business Impact Award’ by Population First for Project Nanhi Kali (March 2025) 4. Mahatma Award for Gender Equality for Project Kaabil presented to Mahindra and Mahindra Limited and Centum Foundation (October 2024) 5. Brandon Hall Group Gold Award for ‘Best Corporate Outreach to Promote Diversity, Equity, Inclusion, and Belonging in Communities’ Category for Project Employability Enhancement Training (EET)- Project Kaabil to Mahindra and Mahindra Limited and Centum Foundation (August 2024) 6. ‘Best CSR Initiative’ at ITOTY CSR Award for Project Jal Samriddhi to Swaraj Division (July 2024) 7. ‘Best CSR Initiative’ at ITOTY CSR Award for Project SDC Mahindra to Mahindra Tractors (July 2024) 8. CSR Times Award to Project Integrated Village Development to Swaraj Division (August 2024) 9. Government of Rajasthan Bhamashah Award for Project Gyandeep to Farm Division Jaipur (September 2024) 10. Government of Rajasthan Bhamashah Award for Project Gyandeep to Swaraj Division (September 2024) CSR Policy The Corporate Social Responsibility Committee had formulated and recommended to the Board, a Corporate Social Responsibility Policy (CSR Policy) which was subsequently adopted by it and is being implemented by the Company. The CSR Policy including a brief overview of the projects or programs undertaken by the Company can be accessed in the Governance section of the website, the link of the same is https://www.mahindra.com/investor-relations/policies-anddocuments. CSR Committee As mentioned in the previous year’s Annual Report, the Board of Directors at its Meeting held on 18th and 19th March, 2024 re-constituted the Corporate Social Responsibility Committee (CSR Committee). Dr. Vishakha N. Desai ceased to be the Chairperson and Member of the Committee with effect from 1st May, 2024, upon completion of her second term as an Independent Director of the Company and Mr. Vikram Singh Mehta was inducted in her place as Chairman of the CSR Committee. Further, the Board at its Meeting held on 16th May, 2024, re‑constituted the CSR Committee by inducting Ms. Padmasree Warrior, Independent Director as a Member with effect from 17th May, 2024 and appointing Mr. Muthiah Murugappan, Member of the CSR Committee as the Chairman of the CSR Committee with effect from 8th August, 2024 pursuant to cessation of Mr. Vikram Singh Mehta as an Independent Director of the Company and as Chairman and Member of the CSR Committee with effect from 8th August, 2024. The CSR Committee currently comprises of Mr. Muthiah Murugappan (Chairman), Mr. Anand G. Mahindra, Dr. Anish Shah, and Ms. Padmasree Warrior. The Committee, inter alia, reviews and monitors the CSR as well as Business Responsibility and Sustainability activities. During the year under review, your Company spent Rs. 152.36 crores on CSR activities. The amount equal to 2% of the average net profit for the past three financial years required to be spent on CSR activities was Rs. 152.23 crores. The Board has considered the Impact Assessment Reports at its meeting held on 5th May, 2025. The detailed Annual Report on the CSR activities undertaken by your Company in the FY25 along with the Executive Summary for Impact Assessment Reports of the applicable projects, is annexed herewith and marked as Annexure VI. The complete Impact Assessment Reports of the applicable projects can be accessed at the Web-link: https://www. mahindra.com/resources/FY25/AnnualReport.zip. Sustainability Sustainability continues to be a big focus area for the Company with the intent to integrate it as a part of the core business strategy. During the year under review, the 17th Sustainability Report for the year FY24 was released. The Report was externally assured by DNV Business Assurance India Private Limited and prepared in accordance with the GRI (Global Reporting Initiative) Standards. Your Company continues to focus on building ‘Planet Positive’ Mahindra businesses by focusing on three key pillars, namely greening ourselves, decarbonizing the industry and rejuvenating nature. Under the 1st pillar of greening ourselves, the Company is working to reduce direct
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