Integrated Annual Report 2025-26 112 All health and wellness initiatives were periodically reviewed by senior management. The Mahindra Cricket League for Men (Season IV) and Women (Season III) was also conducted to encourage physical fitness. First-aid refresher training programmes were organised, and ergonomics focused videos were developed. World Health Day was celebrated through Body Composition Analysis Camps and specialist consultations. Environmental awareness was reinforced through celebrations of World Environment Day, World Earth Day, World Water Day, World Ozone Day, Energy Conservation Week, and Water Conservation Week. Certifications All plants successfully underwent surveillance audits and remain certified under ISO 45001:2018 and ISO 14001:2015. Integrated Management Systems (IMS) are implemented across all locations. The Company was re-certified for Zero Waste to Landfill, with a conversion rate of 99% and above, reaffirming its commitment to sustainable waste management. Senior management periodically reviews SOH&E performance. Continuous focus on new initiatives, stakeholder involvement, and structured management reviews has enabled the Company to consistently progress towards excellence in SOH&E performance. K. BOARD & COMMITTEES Sad Demise of Mr. T.N. Manoharan, Lead Independent Director of the Company During the year, Mr. T.N. Manoharan (DIN: 01186248), Lead Independent Director of the Company ceased to be a Director of the Company owing to his unfortunate and untimely demise on 30th July 2025. Consequent to his demise, he ceased to be the Lead Independent Director, Chairman of the Governance, Nomination and Remuneration Committee, Audit Committee and Risk Management Committee and Member of the Strategic Investment Committee of the Board. Mr. Manoharan was a guide, mentor and a leader who led with example, conviction and compassion. His strategic foresight, business acumen and integrity shaped Mahindra Group’s long-term vision and strengthened its institutional values. His wisdom, integrity and unwavering commitment to good governance has left an indelible mark on the Mahindra Group. The Company will miss his care, nurturing and steady hand. The Company expresses its deep gratitude and acknowledges the valuable contribution and guidance provided by Late Mr. T.N. Manoharan. Lead Independent Director Ms. Shikha Sharma, Independent Director, Chairperson of the Governance, Nomination and Remuneration Committee, Risk Management Committee and Member of the Audit Committee and Strategic Investment Committee of the Board was appointed as the Lead Independent Director of the Company with effect from 6th October 2025. The role and responsibilities of the Lead Independent Director are provided in the Corporate Governance Report forming part of this Annual Report. Appointment of Independent and NonExecutive Directors Based on the recommendation of the Governance, Nomination and Remuneration Committee, the Board of Directors at its Meeting held on 6th October 2025, inter alia, considered and approved the appointment of: ● Ms. Samina Hamied (DIN: 00027923) as an Additional Director (Independent and Non-Executive) to hold office as an Independent Director for a term of 5 consecutive years commencing from 7th October 2025 to 6th October 2030; and ● Mr. Muthu Raju Paravasa Raju Vijay Kumar (‘Mr. M. P. Vijay Kumar’) (DIN: 05170323) as an Additional Director (Independent and Non-Executive) to hold office as an Independent Director for a term of 5 consecutive years commencing from 7th October 2025 to 6th October 2030. Further, the Shareholders of the Company through the Resolutions passed by way of Postal Ballot on 26th November 2025 approved the appointment of Ms. Samina Hamied and Mr. M. P. Vijay Kumar as Independent and Non-Executive Directors of the Company. Brief Profiles of Ms. Samina Hamied and Mr. M.P. Vijay Kumar are provided in the Corporate Governance Report forming part of this Annual Report. Ms. Samina Hamied and Mr. M.P. Vijay Kumar are not debarred from holding the office of Director on account of any order of SEBI or any other such authority.
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