Integrated Annual Report 2025-26 124 ● Included as part of World Economic Forum’s global strategic advisory body on sustainability (12 companies globally out of more than 200 large MNCs in WEF). ● CDP ‘A’ rating (highest) in climate for Group Companies – the Company and Tech Mahindra Limited (Top 5% globally). ● Recognized in TIME’s list of ‘World’s Most Sustainable Companies list’ with Tech Mahindra Limited and your Company ranked 2nd and 3rd respectively amongst the 12 Indian companies featured on the list. ● Globescan recognised Mahindra Group as one of the Champions of Sustainability in APAC (1/7 companies), highlighting the Company’s success in aligning sustainability with core business. The Company continues to drive climate action across areas, both internally and in the ecosystem. Business Responsibility and Sustainability Report In terms of Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI LODR Regulations’), the Top 1,000 listed entities based on market capitalization shall submit a Business Responsibility and Sustainability Report (‘BRSR’) in the format as specified and updated by SEBI. SEBI has further identified a focused subset of the BRSR framework, referred to as BRSR Core. The top 250 listed entities are mandatorily required to undertake assessment or assurance of the BRSR Core parameters for the reporting period FY26. The Company has prepared its BRSR for the FY26, in accordance with the format as prescribed by SEBI vide its Master Circular dated 30th January 2026 (including amendments thereto) along with the Industry Standards on BRSR Core as prescribed by SEBI dated 20th December 2024. The BRSR provides quantitative, comparable, and standardised disclosures on ESG parameters, facilitating meaningful comparisons across companies, sectors, and time periods. These disclosures are designed to empower investors to make informed investment decisions. The BRSR also enables the Company to engage more meaningfully with stakeholders, to look beyond financials and towards social and environmental impacts. The BRSR of your Company along with the Independent Assurance Statement on the BRSR Core Key Performance Indicators (KPIs) for the FY26 forms part of this Annual Report as required under Regulation 34(2)(f) of the SEBI LODR Regulations. Your Company firmly believes that sustainable and inclusive growth is achievable by integrating environmental stewardship and social responsibility with economic performance. Your Company is dedicated to setting ambitious sustainability targets while enhancing economic performance to ensure both business continuity and rapid growth. Your Company is committed to leveraging ‘Alternative Thinking’ as a strategic approach to build competitive advantage in achieving high shareholder returns through customer centricity, innovation, good governance and inclusive human development while being sensitive to the environment. Conservation of Energy, Technology Absorption and Foreign Exchange Earnings and Outgo The information pertaining to conservation of energy, technology absorption, foreign exchange earnings and outgo as required under section 134(3)(m) of the Companies Act, 2013 read with Rule 8(3) of the Companies (Accounts) Rules, 2014 is attached as Annexure VII and forms part of this Report. N. SECRETARIAL Share Capital During the year under review, the Authorised Share Capital of the Company stood at Rs. 15,459.5 crore divided into 27,86,90,00,000 Ordinary (Equity) Shares of Rs. 5 each and 25,00,000 Unclassified shares of Rs. 100 each and 150,00,00,000 Preference Shares of Rs. 10 each. The issued, subscribed and paid-up Share Capital of the Company stood at Rs. 621.77 crore divided into 124,35,28,831 Ordinary (Equity) shares of Rs. 5 each. There was no change in the issued, subscribed and paid-up Share Capital of the Company during the year under review. Compliance with the provisions of Secretarial Standard 1 and Secretarial Standard 2 The applicable Secretarial Standards, i.e. SS-1 and SS-2, relating to ‘Meetings of the Board of Directors’ and ‘General Meetings’ respectively, have been duly complied by your Company.
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