182 Integrated Annual Report 2025-26 Prevention Of Sexual Harassment At Workplace (’POSH’) Focused awareness in this area has been created by a POSH campaign reiterating Mahindra's commitment of providing a safe workplace for all its employees. During the year, the Company organised sensitisation and awareness programmes through induction trainings for new joinees, e-learning modules, classroom trainings for employees, trainees as well as third parties visiting the Company’s workplaces, sending emailers, creating standees, posters to sensitise all employees on always maintaining a professional conduct and encouraging a speak up culture. Internal Committee members have been trained on Capability and Skill Building. The POSH Policy has been translated into eight vernacular languages. Performance With Purpose, Total Rewards and Enabling Policies Mahindra’s reward approach, rooted in the Rise philosophy, aims to attract, retain, and energise talent while promoting sustainability, inclusion, and customer centricity through a holistic strategy. This strategy integrates compensation, benefits, well-being, and career opportunities to create an environment where employees thrive. The performance management system, rooted in the Mahindra Behaviours of Collaborative, Agile, and Bold, transcends traditional ratings, fostering real-time feedback and leadership development. Compensation is fair, merit-based, and market-competitive, with performance-linked variable pay tied to business outcomes like financial performance, Return on Equity (‘ROE’), and increasingly, Environmental, Social, and Governance (‘ESG’) metrics. The Company’s comprehensive policies support employee well-being across physical, emotional, and financial dimensions, with flexible benefits such as medical allowances, education assistance, and sabbatical options. The Company emphasises family support through initiatives like women’s travel safety policies, a 5-year maternity support policy, and provisions for surrogacy, adoption, and IVF. Committed to Diversity, Equity, and Inclusion (DEI), the Company fosters an inclusive culture where every individual has the opportunity to grow and succeed. The Company had a total of 26,765 permanent employees on its rolls as on 31st March 2026. Internal Control Systems Your Company maintains adequate internal control systems commensurate with the nature of its business and size and complexity of its operations. These are regularly tested for their effectiveness by Statutory as well as Management Auditors. Your Company's Internal Financial Controls are deployed through the Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organisations of the Treadway Commission (‘COSO’), that addresses material risks in your Company's operations and Financial reporting objectives. The framework is a combination of entity-level controls (including Enterprise Risk Management, Legal Compliance Framework, Internal Audit and Anti-Fraud Mechanisms such as Ethics Framework, Code of Conduct, Whistleblower Policy, etc.), process level controls, information technology-based controls, period end financial reporting and closing controls. Further, the Internal Control Systems have been designed to provide reasonable assurance with regard to recording and providing reliable financial and operational information. In the highly networked IT environment of the Company, validation of IT Security receives focused attention from IT specialists and Statutory Auditors. The Chief Internal Auditor reports administratively to the Chairman of the Board and functionally to the Audit Committee. The Internal Audit function develops an audit plan for the Company, which covers, inter alia, corporate, core business operations, as well as support functions. The Audit Committee reviews the annual internal audit plan. Significant audit observations are presented to the Audit Committee, together with the status of the management actions and the progress of the implementation of the recommendations. The Audit Committee reviews the adequacy and effectiveness of the Company's internal control environment and monitors the implementation of audit recommendations. During the year, the Company has taken steps to review and document the adequacy and operating effectiveness of internal controls. Nonetheless, your Company recognises that any internal control framework, no matter how well designed, has inherent limitations and accordingly, regular audits and review processes ensure that such systems are reinforced on an ongoing basis. Your Company's Management has carried out the evaluation of the design and operative effectiveness of these controls and noted no significant deficiencies/material weaknesses that might impact financial statements as at the Balance Sheet date.
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