Integrated Annual Report 2024-25 450 Part “B” Details of Associates / Joint Ventures [as per Section 2(6) of the Companies Act, 2013] Rupees crores Name of Associates /Joint Ventures Audited Balance Sheet Date Date of Acquisition No. of Equity shares held †† Proportion of ownership interest Cost of Investments Networth attributable to Shareholding as per latest audited Balance Sheet Profit/(Loss) for the year Considered in Consolidation Not considered in consolidation Tech Mahindra Limited 31/03/2025 31/08/2012 24,82,20,799 28.06% 971.75 7,677.63 1,192.96 3,058.53 Officemartindia.com Limited 31/03/2025 31/03/2002 7,49,997 50.00% — (0.13) * * Mahindra & Mahindra Contech Limited 31/03/2025 01/04/2010 70,000 46.66% 1.73 9.76 0.68 0.77 Kota Farm Services Limited 31/03/2025 15/04/2011 3,10,000 47.81% 0.30 (0.15) * * Mitsubishi Mahindra Agricultural Machinery co., Ltd.§ 01/10/2015 4 33.33% 191.59 (11.83) (151.61) (75.81) P.F. holding BV$ 27/05/2016 2,63,36,050 40.00% 254.05 90.20 (20.96) (31.44) Smartshift Logistics Solutions Private Limited 31/03/202528/03/2018 8,32,11,840 25.93% 218.51 128.23 14.35 40.98 Mahindra Ideal Lanka Private Limited 31/03/2025 31/05/2018 1,75,000 35.00% 6.79 1.79 (0.97) (1.81) ReNew Sunlight Energy Private Limited 06/07/2021 1,60,74,000 37.21% 16.07 14.28 (0.44) (0.74) Brainbees Solutions Limited 29/04/2022 5,02,33,661 10.49% 391.61 495.20 (17.29) (149.18) Blue Planet Integrated Waste Solutions Limited 31/03/202528/12/2023 60,00,000 20.00% 5.94 2.48 (0.66) (2.63) Notes: There are no associates or joint ventures which are yet to commence operations. * denotes amount less than Rs. 50,000 †† Including equity/preferred shares to be issued on conversion of participating Compulsorily Convertible Preference Shares $ Based on unaudited financial statements as audit is not required as per their local laws § In addition to JPY750 million Common Stock (which represents 33.33% of the Common stock), the Company owns the entire JPY 2,250 million “Class A” shares (shares with no voting rights); “Class A” shares have rights over dividend and liquidation on an equal basis with Common Stock. Directors: T. N. Manoharan Shikha Sharma Nisaba Godrej Muthiah Murugappan Padmasree Warrior Ranjan Pant Sat Pal Bhanoo (DIN - 01186248) (DIN - 00043265) (DIN - 00591503) (DIN - 07858587) (DIN - 10387032) (DIN - 00005410) (DIN - 10482731) Anand G. Mahindra Chairman (DIN - 00004695) Anish Shah Group CEO and Managing Director (DIN - 02719429) Rajesh Jejurikar Executive Director and CEO (Auto and Farm Sector) (DIN - 00046823) Amarjyoti Barua Group Chief Financial Officer Divya Mascarenhas Interim Company Secretary (FCS No.10249) Mumbai, 5th May, 2025 For Mahindra & Mahindra Limited
RkJQdWJsaXNoZXIy NTE5NzY=