STATUTORY REPORTS | Board’s Report 123 CSR Committee The CSR Committee comprises of Mr. Muthiah Murugappan (Chairman), Mr. Anand G. Mahindra, Dr. Anish Shah, and Ms. Padmasree Warrior. The Committee, inter alia, reviews and monitors the CSR as well as Business Responsibility and Sustainability activities. During the year under review, your Company spent Rs. 2,10,56,49,392.7 on CSR activities (including administrative overheads of Rs. 7,91,71,085.7 incurred during the FY26 within the permissible limit of 5% of the total CSR expenditure of the Company for the FY26 and including Impact Assessment Cost of Rs. 43,22,340.0 within permissible limit of 2% of the total CSR expenditure of the company for FY26) and additionally Rs. 9,57,64,446.0 has been allocated towards Mahindra CSR Hospitals - ongoing project unspent CSR account. The amount equal to 2% of the average net profit for the past three financial years required to be spent on CSR activities was Rs. 2,19,72,20,915.0. The Board has considered the Impact Assessment Reports at its Meeting held on 5th May 2026. The detailed Annual Report on the CSR activities undertaken by your Company in the FY26 along with the Executive Summary for Impact Assessment Reports of the applicable projects, is annexed herewith as Annexure VI. The complete Impact Assessment Reports of the applicable projects can be accessed at the Web-link: https://www. mahindra.com/Annual-Report-FY26 Sustainability Sustainability remains central to the Company’s long-term vision with continued emphasis on embedding it into core business strategy. In FY26, the Company released its 18th Sustainability Report, externally assured by DNV Business Assurance India Private Limited and prepared in line with the Global Reporting Initiative (GRI) standards. Guided by the ‘Planet Positive’ framework, Mahindra businesses are advancing across three pillars – greening operations, decarbonising industry, and rejuvenating nature. Under greening operations, efforts include expanding renewable energy use, enhancing energy efficiency, strengthening water stewardship, and embedding circularity to reduce material use, reduce waste and make use of low emissions, recycled & recyclable material. In decarbonising industry, the Company is driving transition to electric vehicles and alternate fuels besides offering other green products and services via it’s many subsidiary companies, engaging deeply with the supplier ecosystem to reduce overall value chain environmental impact, and taking measures in line with EPR (Extended Producer Responsibility) regulations impacting internal business (end of life vehicle recycling) and value chain (tyres, glass, etc.). Beyond industry boundaries, initiatives under rejuvenating nature focus on supporting farmers on sustainable farming to be more climate resilient, biodiversity protection, and restoration through business and CSR programs. Additionally, the Group is also acting beyond carbon mitigation by initiating climate adaptation projects focused on key themes (heat stress and workforce productivity, regenerative agricultural practices including climate-resilient seeds, drip irrigation, etc.). All Group Companies have plans aligned with the ‘Planet Positive’ framework coordinated by the Group Sustainability Office and with reviews by the Group CEO and Managing Director. The Company continues to lead in ESG reporting and disclosure with high ESG ratings across global and domestic ESG ratings including Dow Jones Sustainability Index (DJSI), Carbon Disclosure Project (CDP), Morgan Stanley Capital International (MSCI), etc. Advocacy for climate action remains a priority with active engagement at national and international forums alongside industry associations, Governments, and global climate organisations. Beyond advocacy, the Group believes in collaboration with external climate ecosystem to drive change. To this end, the Company has partnered with various stakeholders (corporates, Government organizations, associations, etc.) on thought leadership initiatives addressing current climate issues. The Group is committed to Science Based Targets in alignment with the Paris Agreement and aims to achieve carbon neutrality by 2040 or earlier. Sustainability performance for FY26 will be detailed in the forthcoming Group Sustainability Report. The Company was also recognised for its leadership in sustainability, during the year under review: ● The Company has secured an Industry Leadership position in the DJSI World Index 2025. The Company has emerged as the global leader in the Automobile industry with a performance placing the Company within 1% of the topscoring company in this Industry. Similarly, Tech Mahindra Limited has scored a top 1% place in the IT Sector.
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