MAHINDRA & MAHINDRA LTD. Standalone Accounts 319 Rupees crores Particulars Funded Plan Unfunded Plans Gratuity Post retirement medical benefits Post retirement housing allowance 2025 2024 2025 2024 2025 2024 (v) Net defined benefit obligation Defined benefit obligation................................................................... 1,034.31 968.95 28.23 27.47 124.71 116.29 Fair value of plan assets...................................................................... 1,062.78 1,000.79 — — — — Surplus / (Deficit)....................................................................................... 28.47 31.84 (28.23) (27.47) (124.71) (116.29) Current portion of the above........................................................... — — (2.51) (2.33) (8.63) (8.63) Non current portion of the above................................................. 28.47 31.84 (25.72) (25.14) (116.08) (107.66) Rupees crores Particulars 2025 2024 (vi) Actuarial assumptions Discount rate (%).............................................................................................................................................................................................................. 6.90% 7.20% Attrition rate (%)............................................................................................................................................................................................................... 12.50% 12.00% Cost inflation (%)............................................................................................................................................................................................................... 7 - 9% 7 - 9% (vii) Quantitative sensitivity analysis for impact of significant assumptions on defined benefit obligation are as below: One percentage point increase in discount rate......................................................................................................................................... (79.69) (77.91) One percentage point decrease in discount rate....................................................................................................................................... 91.85 90.08 One percentage point increase in salary growth rate............................................................................................................................ 75.71 75.85 One percentage point decrease in salary growth rate........................................................................................................................... (67.80) (67.30) One percentage point increase in attrition rate.......................................................................................................................................... (4.93) (9.04) One percentage point decrease in attrition rate........................................................................................................................................ 5.33 9.41 One percentage point increase in medical inflation rate...................................................................................................................... 1.61 1.63 One percentage point decrease in medical inflation rate.................................................................................................................... (1.49) (1.50) (viii) Maturity profile of defined benefit obligation Upto 1 year............................................................................................................................................................................................................................ 186.25 174.16 1 to 5 years........................................................................................................................................................................................................................... 513.34 485.21 6 to 9 years........................................................................................................................................................................................................................... 393.52 398.12 10 years and above......................................................................................................................................................................................................... 1,180.44 1,129.57 Cost of inflation includes an estimate of medical inflation and future salary increases considered in actuarial valuation takes account of inflation, seniority, promotion and other relevant factors such as supply and demand in the employment market. The weighted average duration of the defined benefit obligation is 7.05 years (2024: 6.96 years). The Company expects to contribute Rs. 80.00 crores to the Gratuity Fund in the year ending 31st March, 2026. 36. Employee Benefits (contd.) (c) Details of defined benefit plans as per actuarial valuation are as below: (contd.)
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