MAHINDRA & MAHINDRA LIMITED 13 Additional Information with respect to Item Nos. 4 and 5 and Explanatory Statement in respect of the Special Business in Item Nos. 6 to 12 pursuant to section 102 of the Companies Act, 2013 ITEM NO. 4 Proposal: Mr. Rajesh Jejurikar (DIN: 00046823), Executive Director and CEO (Auto and Farm Sector) of the Company, is liable to retire by rotation and being eligible, has offered himself for re-appointment. Mr. Rajesh Jejurikar was first appointed as a Whole time Director designated as Executive Director (Automotive and Farm Sectors) on the Board of the Company with effect from 1st April, 2020 to 31st March, 2025. During the said tenure he was re-designated as Executive Director & CEO (Auto and Farm Sector) with effect from 15th March, 2023. The Shareholders of the Company at their 78th AGM held on 31st July 2024, approved the re-appointment of Mr. Rajesh Jejurikar as a Whole time Director designated as Executive Director and CEO (Auto and Farm Sector) on the Board of the Company with effect from 1st April, 2025 to 24th June, 2029. Brief resume of Mr. Jejurikar, age, qualifications, nature of his expertise in specific functional areas, disclosure of relationships between directors inter-se, names of listed entities and other companies in which he holds directorships and memberships of Board Committees, shareholding in the Company, the number of Meetings of the Board attended during the year, along with disclosure pertaining to his resignation from listed entities in the past three years, as stipulated under Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Secretarial Standard on General Meetings issued by the Institute of Company Secretaries of India are stated herein, and are also provided in the Corporate Governance Report forming part of the Annual Report. Profile: Mr. Rajesh Jejurikar has completed 60 years of age. Mr. Jejurikar is Executive Director and CEO (Auto and Farm Sector) at Mahindra & Mahindra Limited since 2020 and serves on the Boards of other Mahindra Group companies in India as well as overseas. He has diverse experience across Packaged Goods, Advertising, Media, Automotive and Farm Equipment. He joined Mahindra in 2000 as Vice President – Marketing for Automotive Sector. He was then appointed Executive Vice President – Sales & Marketing and went on to become the Managing Director of Mahindra Renault. Mr. Jejurikar became Chief of Operations of the Automotive Sector and in 2010, he was appointed Chief Executive for the Automotive Division and Member of the Group Executive Board. He became President of the Farm Equipment Sector in 2015. An MBA from S. P. Jain Institute of Management and Research, Mr. Jejurikar attended the Advanced Management Program at The Wharton School, University of Pennsylvania. Mr. Jejurikar serves on the Governing Council of S. P. Jain Institute of Management and Research. He has represented the Tractor Manufacturers Association (‘TMA’) in India as its President on the National Council of the Confederation of Indian Industry (‘CII’) in 2016 and 2017. He was also a Member of the CII National Council on Agriculture. Over the years, Mr. Jejurikar has been recognised for his contributions and has received many accolades, with the recent ones being: • CEO of the Year - Forbes India Leadership Awards (FILA) 2025. • Business Leader of the Year – Car & Bike Awards 2024. • Indian Global Automotive Leader of the Year – BBC Top Gear Awards, 2024. • Distinguished Alumnus Award 2023 – S. P. Jain Institute of Management and Research. • Autocar Person of the Year – 2023. Directorships: Mr. Jejurikar is Executive Director and CEO (Auto and Farm Sector) of Mahindra & Mahindra Limited. He is also Chairman of Swaraj Engines Limited, Mahindra Last Mile Mobility Limited, Mahindra Two Wheelers Europe Holdings S.a.r.l., Mahindra USA Inc., Mitsubishi Mahindra Agricultural Machinery Co. Ltd. and Automobili Pininfarina GmbH and Director of Classic Legends Private Limited and Mahindra Electric Automobile Limited. Committee positions: Sr. No. Name of the Company Name of the Committee Position Held 1. Mahindra & Mahindra Limited Risk Management Committee Member 2. Swaraj Engines Limited Nomination & Remuneration Committee Member 3. Classic Legends Private Limited Nomination & Remuneration Committee Chairman 4. Mahindra Electric Automobile Limited Environmental, Social Governance Matters Committee Chairman Risk Committee Chairman Audit Committee Member 5. Mahindra Last Mile Mobility Limited Nomination & Remuneration Committee Member Resignation as a Director from Listed Entities in the past three years: Mr. Jejurikar has not resigned as a Director from any listed entity in the past three years. Attendance at Board Meetings: During the year 1st April, 2024 to 31st March, 2025, 7 Board Meetings of the Company were held, and Mr. Jejurikar had attended all the Meetings. Remuneration: The terms and conditions and remuneration of Mr. Rajesh Jejurikar would be governed as per the approval granted by the Members of the Company at the Seventy Eighth Annual General Meeting held on 31st July, 2024. The remuneration paid to Mr. Jejurikar during the Financial Year 2024-25 (including perquisite value of ESOPs exercised) is Rs. 3,827.47 lakhs. Other information: Mr. Jejurikar holds 1,49,292 Ordinary (Equity) Shares in the Company. Mr. Jejurikar is not debarred from holding the office of Director pursuant to any Order issued by the Securities and Exchange Board of India ("SEBI") or any other authority.
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