MAHINDRA & MAHINDRA LTD. Board’s Report 113 ANNEXURE V DETAILS OF REMUNERATION Details pertaining to remuneration as required under section 197(12) read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 The remuneration of each Director, Chief Financial Officer and Company Secretary, percentage increase in their remuneration during the FY25 and ratio of the remuneration of each Director to the median remuneration of the employees of the Company for the FY25 are as under: Sr. No. Name of Director/KMP Designation Remuneration of Director/ KMP for the FY25 (Rs. in crores) (Excluding perquisite value of ESOPs exercised) Remuneration of Director/ KMP for the FY25 (Rs. in crores) (Including perquisite value of ESOPs exercised) % increase in Remuneration in the FY25 (Excluding perquisite value of ESOPs exercised) % increase in Remuneration in the FY25 (Including perquisite value of ESOPs exercised) Ratio of Remuneration of each Director to median remuneration (Including perquisite value of ESOPs exercised) of employees for the FY25 1. Mr. Anand G. Mahindra# Chairman 5.62 5.62 9.13% 9.13% 48.87 2. Dr. Anish Shah Group CEO and Managing Director 17.15 47.33 12.98% 95.42% 411.57 3. Mr. Rajesh Jejurikar Executive Director and CEO (Auto and Farm Sector) 14.37 38.27 12.35% 98.81% 332.78 4. Mr. Vikram Singh Mehta# Independent Director 0.38 0.38 -44.12% -44.12% 3.30 5. Dr. Vishakha N. Desai# Independent Director 0.08 0.08 -85.19% -85.19% 0.70 6. Mr. T. N. Manoharan# Independent Director 1.01 1.01 62.90% 62.90% 8.78 7. Mr. Haigreve Khaitan# Independent Director 0.36 0.36 -43.75% -43.75% 3.13 8. Ms. Shikha Sharma# Independent Director 1.02 1.02 75.86% 75.86% 8.87 9. Ms. Nisaba Godrej# Independent Director 0.94 0.94 84.31% 84.31% 8.17 10. Mr. Muthiah Murugappan# Independent Director 0.97 0.97 94.00% 94.00% 8.43 11. Ms. Padmasree Warrior#^ Independent Director 0.81 0.81 - - 7.04 12. Mr. Sat Pal Bhanoo #$^ (Nominee of LIC) Nominee Director 0.81 0.81 - - 7.04 13. Mr. Ranjan Pant#^ Non-Executive NonIndependent Director 0.82 0.82 - - 7.13 14. Mr. Manoj Bhat$$ Group Chief Financial Officer 1.97 1.97 -65.92% -65.92% - 15. Mr. Amarjyoti Barua^ Group Chief Financial Officer 5.09 8.26 - - - 16. Mr. Narayan Shankar! Company Secretary 2.35 3.56 4.91% -10.78% - # The remuneration includes sitting fees and commission. $ Commission is payable to Life Insurance Corporation of India (“LIC”). ^ Appointed with effect from 17th May, 2024. $$ Ceased with effect from 17th May, 2024. ! Ceased with effect from 2nd April, 2025. Note: All amounts are rounded off.
RkJQdWJsaXNoZXIy NTE5NzY=