STATUTORY REPORTS | Corporate Governance Report 193 E. S eparate Role of Chairman and Managing Director The position of Chairman and Managing Director are held by different individuals, where Chairman of the Board is a NonExecutive Director. Role of Chairman: As Non-Executive Chairman, Mr. Anand G. Mahindra serves as a mentor and sounding board for the Managing Director and Senior Management especially in the areas of strategic planning, risk mitigation and external interface. He continues to play an important role in strengthening and building Brand ‘Mahindra’. He is available to provide feedback and counsel to the Managing Director and Senior Management on key issues facing the Company. Role of Group CEO and Managing Director: As Group CEO and Managing Director, Dr. Anish Shah plays a pivotal role in driving the Company’s success by executing strategic initiatives in alignment with the Board’s vision. Responsible for brand equity, strategic planning and external relations, he oversees all facets of the Company’s Management. This includes achieving annual and long-term business targets, monitoring market dynamics and identifying growth opportunities. In addition to leading and evaluating executive leaders, the Group CEO and Managing Director acts as a vital link between the Board and the Management team. He champions the organization’s vision and mission, ensuring that he guides every aspect of operations. By building strong customer relationships and exploring avenues for expansion and acquisition, the Group CEO and Managing Director enhances shareholder value and drives the Company towards its strategic objectives. The key responsibilities also include nurturing the Company’s reputation, fostering stakeholder relationships and upholding corporate governance standards. By steering the organization with vision and purpose, the Group CEO and Managing Director drives sustainable growth and excellence across all levels of the Company. F. R egulatory Compliance on Board Positions The maximum tenure of Independent Directors is in compliance with the Act and the SEBI LODR Regulations. All Independent Directors meet the criteria of independence as mentioned in Regulation 16(1)(b) of the SEBI LODR Regulations and Section 149(6) of the Act. Further, based on the declarations received from the Directors, none of them holds directorships (including alternate directorships) in more than 10 public limited companies as prescribed under Section 165 of the Act, nor serves as a Director in more than 7 listed entities or as an Independent Director in more than 7 listed entities, or more than 3 listed entities in cases where he/she serves as a Whole‑time Director/Managing Director in any listed entity, as stipulated under Regulation 17A of the SEBI LODR Regulations. Further, as confirmed through these declarations, none of the Directors is a member of more than 10 committees or a chairperson of more than 5 committees across all public limited companies in which he/she holds directorships, in accordance with Regulation 26 of the SEBI LODR Regulations. G. Directors’ Profiles, Directorships, Committee Memberships, Skill Matrix and other Statutory Disclosures Brief profile of the Board of your Company including their category, Director Identification Number (‘DIN’), areas of expertise, number of directorships, committee positions, shareholding and the names and categories of directorship in the listed entities in which they serve, along with other details as on 31st March 2026 are provided as under:
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