Integrated Annual Report 2024-25 338 41. Disclosure required under Section 186(4) of the Companies Act,2013 for Loans and Guarantees (net of provision): a) Inter Corporate deposits and Loans Rupees crores S. No. Name Relationship as per Companies Act, 2013 2025 2024 1 Mahindra Overseas Investment Company (Mauritius) Limited Subsidiary of the Company 2,026.87 2,000.88 2 Mahindra Agri Solutions Limited Subsidiary of the Company 25.00 48.00 3 Classic Legends Private Limited Subsidiary of the Company 164.80 189.80 4 Mahindra Defence Systems Limited Subsidiary of the Company 245.00 80.00 5 Mahindra Aerostructures Private Limited Subsidiary of the Company 201.50 101.00 6 Mahindra Steel Service Centre Ltd Subsidiary of the Company 35.00 15.00 7 NBS International Limited Subsidiary of the Company 32.00 30.00 8 Mahindra Auto Steel Private Limited Subsidiary of the Company 150.00 — 9 Mahindra Accelo Limited Subsidiary of the Company 100.00 — 10 Resurgence Solarize Urja Private Limited Subsidiary of the Company 37.00 — 11 Mahindra Teqo Private Limited Subsidiary of the Company 18.50 — 12 Mahindra Educational Institutions Associate of the Company 10.00 — 13 Mahindra Lifespace Developers Limited Subsidiary of the Company 200.00 — 14 Mahindra EPC Irrigation Limited Subsidiary of the Company 20.00 — 15 Mahindra Logistics Limited Subsidiary of the Company 150.00 — 16 MLL Express Services Pvt Limited Subsidiary of the Company 100.00 — 17 Mahindra Solarize Private Limited Subsidiary of the Company 75.00 — 3,590.67 2,464.68 b) Guarantees S. No. Name Relationship as per Companies Act, 2013 2025 2024 Outstanding Recognized in Balance Sheet Outstanding Recognized in Balance Sheet 1 Mahindra Racing UK Subsidiary of the Company — — 21.05 — 2 Mahindra Aerostructures Private Limited Subsidiary of the Company 521.68 — 125.06 — 3 Mahindra USA Inc. Subsidiary of the Company 128.28 — 125.06 — 4 PF Holding B.V. Associate of the Company 572.29 6.58 557.34 11.22 Notes: (a) Inter corporate deposits given and repaid during the year amounting to Rs. 20.00 crores to Mahindra Agri Solutions Limited, Rs. 50.00 crores to Mahindra Defence Systems Limited, Rs. 332.50 crores to NBS International Limited and Rs. 20.00 crores to Mahindra Teqo Private Limited. (b) Above inter corporate deposits and loans have been given for general business purposes (including investment purposes) and guarantees have been given against their borrowing / performance obligations. (c) Refer note 8 for investments.
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