MAHINDRA & MAHINDRA LTD. Standalone Accounts 299 Particulars Face Value Per Unit (Rupees) 2025 2024 Number Rupees crores Number Rupees crores (C) Designated and measured at FVTOCI In Other Companies Equity shares.................................................................................................... 2.22 2.31 Preference shares ........................................................................................ 0.03 6.02 2.25 8.33 Investments in Equity Instruments-Quoted (Total) .................. 5,741.57 5,743.36 Unquoted (A) At Cost (i) In Subsidiary Companies Equity shares Gromax Agri Equipment Limited ......................................... 10 59,73,218 4.29 59,73,218 4.29 Kota Farm Services Limited ................................................... 10 2,73,420 — 2,73,420 — Mahindra & Mahindra Contech Limited ........................... 10 35,000 0.04 35,000 0.04 Mahindra Agri Solutions Limited ......................................... 10 12,74,42,973 443.38 11,09,12,949 406.85 Mahindra and Mahindra South Africa (Proprietary) Limited .................................................................................................... ZAR 1 5,20,00,000 28.54 5,20,00,000 28.54 Mahindra Automotive Australia Pty. Limited ............... AUD 1 45,75,000 21.16 45,75,000 21.16 Mahindra Automotive Mauritius Limited ........................ -Ordinary shares ............................................................................. EUR 1 13,30,05,001 1,075.42 13,30,05,001 1,075.42 -Ordinary shares ............................................................................. NA *** 1,028.55 *** 899.18 Mahindra Aerospace Private Limited ................................ 10 91,23,89,607 1,106.96 91,23,89,607 1,106.96 Mahindra Construction Company Limited ..................... 10 9,00,000 — 9,00,000 — Mahindra Defence Systems Limited .................................. 10 1,67,23,655 292.95 1,67,23,655 292.95 Mahindra do Brasil Industrial Ltda.(quotas) ................. BRL 1 6,09,10,950 97.80 6,09,10,950 97.80 Mahindra Electric Automobile Limited [including 169,44,44,445 shares of face value of Rs. 10 each partly paid-up Rs. 5.72 per share in previous year].... 10 3,97,58,73,755 5,454.49 3,63,58,73,755 3,199.49 Mahindra eMarket Limited ....................................................... 10 3,59,865 0.02 3,59,865 0.02 Mahindra Holdings Limited ...................................................... 10 2,70,53,71,700 2,705.37 2,70,53,71,700 2,705.37 Mahindra Overseas Investment Company (Mauritius) Limited ................................................................................................... – Ordinary shares ........................................................................... US $ 1 30,14,29,209 1,893.69 30,14,29,209 1,893.69 – Ordinary shares ........................................................................... NA 38,60,43,477 1,017.97 38,60,43,477 1,017.97 Mahindra Sustainable Energy Private Limited............. 10 12,34,35,200 123.44 12,34,35,200 123.44 Mahindra Two Wheelers Europe Holdings S.a.r.l.:...... – Class A Shares .............................................................................. EUR 1 1,49,00,000 188.71 1,49,00,000 188.71 – Class B Shares ............................................................................. EUR 0.05 1,60,00,00,000 633.90 1,60,00,00,000 633.90 – Class C Shares .............................................................................. EUR 0.03 53,33,33,300 135.16 53,33,33,300 135.16 – Class D Shares ............................................................................. EUR 0.02 1,65,00,00,000 286.35 1,65,00,00,000 286.35 Mahindra USA Inc. .......................................................................... – Class A Shares .............................................................................. US $ 0.25 45,60,00,000 755.08 45,60,00,000 755.08 – Class B Shares ............................................................................. US $ 0.16 67,25,00,000 795.94 67,25,00,000 795.94 Mahindra Accelo Limited [including 1,50,00,000 shares of face value of Rs. 10 each partly paid-up Rs. 3.00 per share in previous year]................................... 10 2,71,00,007 710.71 2,71,00,007 700.21 Mahindra Integrated Business Solutions Private Limited ................................................................................................... 10 82,79,511 178.84 82,79,511 178.84 Mitsubishi Mahindra Agricultural Machinery Co., Limited: .................................................................................................. – Equity share ................................................................................... NA 1 42.53 1 42.53 – Class A Shares .............................................................................. NA 3 149.06 3 149.06 8. Investments (contd.) A. Non-current investments (contd.)
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