Integrated Annual Report 2024-25 300 Particulars Face Value Per Unit (Rupees) 2025 2024 Number Rupees crores Number Rupees crores M.I.T.R.A. Agro Equipments Private Limited .................. 10 2,63,126 89.02 2,63,126 89.02 NBS International Limited ........................................................ 10 4,45,50,476 45.30 4,45,50,466 45.30 Resurgence Solarize Urja Private Limited .................... 10 25,94,800 2.59 25,94,800 2.59 Sampo Rosenlew Oy .................................................................... NA 9,30,807 641.33 37,707 404.88 Officemartindia.com Limited ................................................... 10 7,49,997 — 7,49,997 — Mahindra Last Mile Mobility Limited ................................. 10 86,00,50,000 860.05 86,00,50,000 860.05 20,808.64 18,140.79 (ii) In Associate Companies Equity shares PF Holdings B.V. ................................................................................... EUR 1 2,63,36,050 254.05 2,63,36,050 254.05 PSL Media & Communications Limited ............................... 5 19,750 0.01 19,750 0.01 Blue Planet Integrated Waste Solutions Limited ......... 10 60,00,000 5.94 60,00,000 5.94 Brainbees Solutions Limited #.................................................... 2 — — 4,11,16,885 320.73 ReNew Sunlight Energy Private Limited ........................... 10 1,60,74,000 16.07 1,60,74,000 16.07 276.07 596.80 Preference shares (classified as equity instruments) Compulsorily Convertible Preference Shares - Series D1 CCPS - Brainbees Solutions Limited................................ 2 — — 1,22,17,950 95.07 — 95.07 276.07 691.87 (iii) In Joint Venture Companies Equity shares Carnot Technologies Private Limited ................................ 10 10,544 14.95 4,734 5.95 Classic Legends Private Limited** ....................................... 10 45,27,95,511 525.71 31,50,00,235 315.71 Mahindra Ideal Lanka (Private) Limited ........................... LKR 1000 1,75,000 6.79 1,75,000 6.79 Smartshift Logistics Solutions Private Limited .......... 10 2,77,68,400 71.56 2,77,68,400 71.56 Mahindra-BT Investment Company (Mauritius) Limited...................................................................................................... USD 1 67,71,600 123.62 — — 742.63 400.01 Preference shares (classified as equity instruments) Compulsorily Convertible Cumulative Preference shares: Carnot Technologies Private Limited ............. – Series A ............................................................................................. 100 6,663 5.77 6,663 5.77 – Series B ............................................................................................. 100 2,298 3.00 2,298 3.00 – Series C ............................................................................................. 100 1,613 2.50 7,423 11.50 – Seed ..................................................................................................... 100 4,480 5.85 4,480 5.85 Compulsorily Convertible Cumulative Participating Preference Shares: Smartshift Logistics Solutions Private Limited: – 0.01% Series C ............................................................................ 100 3,15,788 64.38 3,15,788 64.38 – 0.01% Series C1 ........................................................................ 100 1,84,529 37.50 1,84,529 37.50 – 0.01% Series B ............................................................................ 10 1,53,195 31.03 1,53,195 31.03 150.03 159.03 892.66 559.04 (iv) In Trust Securities M&M Benefit Trust ........................................................................ 1,189.42 1,189.42 M&M Fractional Entitlement Trust .................................... 0.01 0.01 Sunrise Initiatives Trust ............................................................. 62.30 62.30 1,251.73 1,251.73 8. Investments (contd.) A. Non-current investments (contd.)
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