MAHINDRA & MAHINDRA LTD. Board’s Report 103 environmental impact of its operations by increasing share of renewable energy, improving energy efficiency, focusing on water stewardship, and embedding material circularity principles and working to minimize waste generation and ensure no waste goes to landfill. Under decarbonising the industry, actions are being taken to offer green products and services such as a transition to electric vehicles and alternate fuel portfolio, while also enabling supply chain to follow environment friendly practices and even working on areas like end of vehicle recycling. Beyond the industry boundary, to rejuvenate nature and create positive social impact, the Company aims in driving sustainable farming practices via its business and CSR programs and is investing to ensure biodiversity protection and restoration. All group companies have set prepared plans related to the ‘Planet Positive’ framework. The targets have also been reviewed in Group Sustainability Council chaired by Dr. Anish Shah, Group CEO and Managing Director. The Company also continues to lead on ESG reporting and disclosure. The Company has done detailed ESG disclosure under Dow Jones Sustainability Index (DJSI) reporting framework, Carbon Disclosure Project (CDP), World Economic Forum’s (WEF) stakeholder capitalism metrics to name a few. Your Company has continued to drive advocacy towards climate action at both national and international forums via deep engagement with global and domestic climate organisations, industry association and government engagement. The Company is also committed to Science Based Target, an initiative to restrict average global temperature rise in alignment with Paris Climate Change Agreement. The Group is committed to become Carbon Neutral by 2040 or sooner. The Sustainability performance of your Company for the FY25 will be elaborated in detail in the GRI Report which is under preparation and will be ready for release shortly. Your Company was also recognized for its leadership position in sustainability, during the year under review: ● The Company achieved Leadership Status in the #DJSI World Index 2024 for the Automobile Industry, also becoming the 1st Indian ‘Auto’ Company to enter World Index for 4 consecutive years, 1/7 auto companies globally part of World Index. It was also included in S&P Global Sustainability Yearbook 2025. ● A reputed global agency ‘Globescan’ acknowledged the Company as one of the leading organizations in APAC region for seamlessly integrating sustainability into the business strategy. ● The Company was honoured in the inaugural edition of TIME’s World’s Most Sustainable Companies 2024 list. This recognition spans 30 countries, with over 5,000 companies assessed. Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo The information pertaining to conservation of energy, technology absorption, foreign exchange earnings and outgo as required under section 134(3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules, 2014 is attached as Annexure VII and forms part of this Report. N. SECRETARIAL Share Capital During the year under review, the Authorised Share Capital of the Company stood increased to Rs. 15,459.50 crores divided into 27,86,90,00,000 Ordinary (Equity) Shares of Rs. 5 each and 25,00,000 Unclassified shares of Rs. 100 each and 150,00,00,000 Preference Shares of Rs. 10 each, pursuant to Scheme of Merger by Absorption of Mahindra Heavy Engines Limited and Mahindra Two Wheelers Limited and Trringo.com Limited, wholly owned subsidiaries of the Company, with the Company and their respective shareholders becoming effective from 6th June, 2024. The issued, subscribed and paid-up Share Capital of the Company stood at Rs. 621.76 crores divided into 124,35,28,831 Ordinary (Equity) shares of Rs. 5 each. There was no change in the issued, subscribed and paid-up Share Capital of the Company during the year under review. Compliance with the provisions of Secretarial Standard 1 and Secretarial Standard 2 The applicable Secretarial Standards, i.e. SS-1 and SS-2, relating to ‘Meetings of the Board of Directors’ and ‘General Meetings’ respectively, have been duly complied by your Company.
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