Integrated Annual Report 2025-26 206 and familiarisation programme which, inter-alia, includes presentations and interactive sessions with the Group CEO and Managing Director, Executive Director, other functional heads on the Company’s manufacturing, marketing and key business areas. The Company Secretary briefs the Independent Directors about their legal & regulatory responsibilities as directors. The programme also includes visits to the Company’s plants and facilities to familiarise the Independent Directors with various aspects of manufacturing operations. Ongoing Familiarisation Pursuant to Regulation 25(7) of the SEBI LODR Regulations, the Company imparted various familiarisation programmes for its Directors including: - Periodic reviews of the Company’s investments at Strategic Investment Committee meetings - Regulatory updates and amendments to applicable laws and SEBI regulations at Board & Audit Committee meetings - Operational & Financial Performance of the Group, Industry outlook and business strategy discussions at Board meetings - Financial performance reviews and governance updates at Audit Committee meetings - Reviews of entity-level and enterprise-wide risks at Risk Management Committee meetings - Updates on sustainability initiatives and corporate social responsibility programmes at Corporate Social Responsibility Committee meetings - Presentations on new product launches and business developments at Board meetings - Update on various business at Strategic Investment Committee meetings The details of Familiarisation Programme imparted to Independent Directors is uploaded on the Company’s website and can be accessed at: https://www.mahindra.com/investorrelations/regulatory-filings. M. Board’s confirmation regarding Independence of Independent Directors All the Independent Directors of your Company have provided declarations and disclosures in pursuance of Section 149(7) of the Act and Regulation 25(8) of the SEBI LODR Regulations, confirming that they fulfil the independence criteria as specified under section 149(6) of the Act and Regulation 16 of the SEBI LODR Regulations. They have also confirmed that they are not aware of any circumstance or situation, which exists or may reasonably be anticipated, that could impair or impact their ability to discharge their duties with an objective and independent judgement and without any external influence. Further, the Board after taking these declarations / disclosures on record and acknowledging the veracity of the same, has concluded that the Independent Directors are persons of integrity and possess the relevant expertise and experience to qualify as Independent Directors of the Company and are independent of the management. N. Lead Independent Director Mr. T. N. Manoharan served as the Lead Independent Director from 8th August 2024 to 30th July 2025. Due to his unfortunate and untimely demise on 30th July 2025, Ms. Shikha Sharma was appointed as the Lead Independent Director of the Company with effect from 6th October 2025. The Lead Independent Director has been entrusted, inter-alia, with the following roles and responsibilities: i. Provide leadership to the Independent Directors and act as a liaison between the Chairman of the Board and Independent Directors without inhibiting direct communication between them; ii. Ensure Board effectiveness in maintaining high-quality governance of the Company and effective functioning of the Board; iii. Convene exclusive meetings of Independent Directors, set agenda, preside over the meetings of the Independent Directors and provide feedback to the Chairman / Board of Directors after such Meetings; iv. Preside over Meetings of the Board at which the Chairman is not present; v. Identify critical issues for the Board’s consideration and assist the Board in achieving consensus on important issues; vi. Communicate to the Chairman and Management, as appropriate, any decisions, suggestions, views or concerns expressed by Independent Directors at their Meetings or outside of the Board Meetings;
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