Mahindra & Mahindra Ltd. | Integrated Annual Report 2024-25

MAHINDRA & MAHINDRA LTD. Consolidated Accounts 443 FORM AOC-1 Pursuant to first proviso to sub-section (3) of section 129 read with rule 5 of Companies (Accounts) Rules, 2014 Statement Containing salient features of the financial statements of subsidiaries/associate companies/joint ventures as included in the Consolidated Financial Statements Part “A” Subsidiaries [as per section 2(87) of the Companies Act, 2013] (Continued) Rupees crores Sr. No. Name of Subsidiary The date since when subsidiary was acquired Reporting currency Exchange rate Share Capital Reserves & Surplus Total Assets Total Liabilities Investments Gross Turnover ^ Profit/(Loss) before Tax Provision for Tax Profit/ (Loss) after Tax Proposed Dividend Proportion of ownership interest @ ## 1 Mahindra Electric Automobile Limited £ 25/10/2022 INR 1.0000 3,975.87 1,275.87 10,382.81 5,131.07 1,412.52 2,264.06 (278.56) (68.23) (210.33) — 100.00% 2 NBS International Limited 05/02/2001 INR1.0000 44.55 (19.24) 94.07 68.76 — 542.93 7.64 — 7.64 — 100.00% 3 Mahindra Automotive Australia Pty. Limited 23/09/2008 AUD 53.7040 24.57 17.01 440.55 398.97 — 775.28 2.81 0.84 1.97 — 100.00% 4 Mahindra Europe S.r.l. 31/05/2005 EUR92.6550 13.17 3.65 81.44 64.62 * 50.49 0.35 0.30 0.05 — 100.00% 5 Mahindra and Mahindra South Africa (Proprietary) Limited 20/10/2004 ZAR4.6421 24.14 88.52 847.00 734.34 — 2,277.74 32.10 8.82 23.28 — 100.00% 6 Automobili Pininfarina GmbH 07/05/2018 EUR 92.6550 2,138.48 (2,187.77) 94.93 144.22 0.34 204.15 (177.42) 2.73 (180.15) — 100.00% 7 Automobili Pininfarina Americas Inc. 15/01/2019USD85.5220 0.34 (0.26) 21.29 21.21 — 0.48 0.03 0.01 0.02 — 100.00% 8 Mahindra Racing UK Limited 04/03/2011 GBP110.8235 0.22 3.83 117.66 113.61 — 356.80 (23.21) — (23.21) — 100.00% 9 Mahindra Last Mile Mobility Limited 29/05/2023 INR1.0000 860.05 107.57 2,988.23 2,020.61 10.01 3,783.31 318.62 71.90 246.72 — 100.00% 10 Mahindra Two Wheelers Europe Holdings S.a.r.l. $ 02/12/2014 EUR 92.6550 1,333.31 (1,333.43) 0.76 0.88 * — (0.04) 0.04 (0.08) — 100.00% 11 Classic Legends Private Limited 18/10/2016 INR1.0000 754.66 (585.05) 528.52 358.91 131.62 646.37 (194.78) (0.02) (194.76) — 60.00% 12 BSA Company Limited 21/10/2016 GBP110.8235 4.09 12.42 70.89 54.38 * 18.66 (29.79) (0.91) (28.88) — 60.00% 13 The Birmingham Small Arms Company Limited ** 11/09/2020 GBP 110.8235 * — * — — — — — — — 60.00% 14 BSA Corporation Limited ** 11/09/2020 GBP 110.8235 * — * — — — — — — — 60.00% 15 B.S.A. Motor Cycles Limited ** 11/09/2020 GBP 110.8235 * — * — — — — — — — 60.00% 16 Gromax Agri Equipment Limited 18/12/1999 INR1.0000 54.30 (18.73) 145.54 109.97 — 294.03 (3.61) — (3.61) — 60.00% 17 Mahindra South East Asia Limited 08/10/2024 THB2.5183 25.18 (2.79) 38.58 16.19 — 2.67 (2.79) — (2.79) — 100.00% 18 Mahindra USA Inc. 08/06/1994 USD85.5220 1,895.17 (1,785.63) 1,844.79 1,735.25 — 2,272.03 (160.75) (1.12) (159.63) — 100.00% 19 Mahindra Automotive North America Inc. 25/04/2017 USD 85.5220 1,662.06 (810.20) 989.43 137.57 779.16 218.31 (22.67) 0.01 (22.68) — 100.00% 20 Mahindra Vehicle Sales and Service Inc. 06/06/2017 USD85.5220 770.86 (781.21) 0.45 10.80 — * (1.10) — (1.10) — 100.00% 21 Mahindra do Brasil Industrial Ltda 14/10/2016 BRL14.8497 90.55 124.26 397.68 182.87 — 511.63 65.41 21.64 43.77 — 100.00%

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