MAHINDRA & MAHINDRA LIMITED 23 9. Transactions undertaken in previous Financial Year ended 31st March, 2024 and 31st March, 2025 Rs. in crores Sr. No. Name of the Company Nature of the Transaction FY24 FY25 1. Mahindra Electric Automobile Limited Sale of property, plant & equipment and other intangible assets, sale of goods, rendering of services, investments, other income, reimbursements received, etc. 2,852.50 5,627.21 The royalty received from MEAL for usage of ‘Mahindra’ Brand/ trade name was Rs. 0.01 crores in FY25. The royalty receivable from MEAL during the period from Seventy Ninth Annual General Meeting of the Company upto the Eightieth Annual General Meeting of the Company to be held in the year 2026 is expected to be around Rs. 40 crores, which would be well below the permitted statutory ceiling as prescribed under Regulation 23 (1A) of Listing Regulations i.e. 5% of the annual consolidated turnover of the Company. 2) For Item No. 12: Details of the Material Related Party Transactions pertaining to a Subsidiaries of the Company: Sr. No. Particulars Disclosures 1. Name of the Related Party; Nature of relationship with the Subsidiary, including nature of its concern or interest (financial or otherwise); and Monetary Value Name of the Subsidiary Name of the Related Party Monetary value Nature of Relationship Mahindra Susten Private Limited ("MSPL") Gelos Solren Private Limited (“GSPL”) Not exceeding Rs. 1,400 Crores MSPL is a subsidiary of Mahindra Holdings Limited ("MHL"). MHL is wholly owned subsidiary of the Company and thus, MSPL is a subsidiary of the Company. GSPL, FSPL, IHPL, JHPL, LHPL, and MHPL are wholly owned subsidiaries of MSPL which is a subsidiary of MHL and in turn of the Company. Furies Solren Private Limited (“FSPL”) Not exceeding Rs. 2,450 Crores Illuminate Hybren Private Limited (“IHPL”) Not exceeding Rs. 3,750 Crores Jade Hybren Private Limited (“JHPL”) Not exceeding Rs. 3,750 Crores Layer Hybren Private Limited (“LHPL”) Not exceeding Rs. 3,050 Crores Migos Hybren Private Limited (“MHPL”) Not exceeding Rs. 2,000 Crores 2. Type/Nature, material terms and particulars of the contract or arrangements Gelos Solren Private Limited (“GSPL”) Monetary values Rs. in crores a) Availing/rendering of services under EPC Contract; 800 b) P roviding fund based and non-fund based support including equity/ debt/ Inter-corporate deposits (ICD), convertible/ non-convertible instruments/ Guarantee/ security etc., in connection with loans provided and Interest, commission and other related income / expenses; and 580 c) E ntering into lease arrangements, shared services and other services including sharing or usage of each other’s resources like employees, infrastructure including IT assets, cloud, IOT and digital engineering, digital transformation, analytics, cyber security, manpower, management and management support services, owned / third party services and reimbursements and allied transactions. 20
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