Integrated Annual Report 2025-26 208 II. SENIOR MANAGEMENT Particulars of Senior Management Personnel (‘SMP’) as on 31st March 2026: Sr. No Name of the SMP of the Company Designation 1. Mr. Veejay Ram Nakra President, Farm Equipment Business 2. Mr. R. Velusamy President, Automotive Business 3. Mr. Ruzbeh Irani President - Group HR 4. Mr. Vinod Sahay President, Mahindra Aerospace, Advanced Technologies and Trucks & Buses 5. Mr. K N Vaidyanathan EVP – Corporate Management Services & Group Chief Internal Auditor 6. Mr. Naveen Raju Group General Counsel 7. Mr. Mohit Kapoor Group Chief Technology Officer 8. Mr. Amarjyoti Barua Group Chief Financial Officer 9. Mr. Puneet Renjhen Group Chief Partnerships & Alliances Officer 10. Ms. Abanti Sankaranarayanan Group Chief Public Affairs Officer 11. Mr. Sailesh Kumar Daga Company Secretary (with effect from 16th July 2025) 12. Mr. Parag Rao Growth Leader for Financial Services (with effect from 27th October 2025) Changes in SMPs since close of previous Financial Year ended on 31st March 2025 up to 31st March 2026: Sr. No Name of the SMP of the Company Particular of Changes 1. Mr. Narayan Shankar Retired and ceased to be the Company Secretary and Compliance Officer of the Company with effect from close of 1st April 2025 2. Mr. Hemant Sikka Ceased to be SMP of the Company with effect from the close of 4th May 2025 consequent to his transition to a new role within the Mahindra Group 3. Ms. Asha Kharga Ceased to be SMP of the Company with effect from the close of 30th June 2025 consequent to her transition to a new role within the Mahindra Group 4. Ms. Divya Mascarenhas Served as Interim Company Secretary and Compliance Officer of the Company from 2nd April 2025 to 15th July 2025 Sr. No Name of the SMP of the Company Particular of Changes 5. Mr. Sailesh Kumar Daga Appointed as the Company Secretary and Compliance Officer of the Company with effect from 16th July 2025 6. Mr. Parag Rao Appointed as the Growth Leader for Financial Services and SMP of the Company with effect from 27th October 2025 SMPs have made necessary disclosures to the Board confirming that there are no material financial and commercial transactions between them and the Company which could have potential conflict of interest with the Company at large. III. REMUNERATION TO DIRECTORS A. Remuneration Policy Your company has a well-defined Compensation policy for Directors, Key Managerial Personnel and all employees. The said Policy is uploaded on the Company’s website and can be accessed at: https://www.mahindra.com/investor-relations/ policies-and-documents. The Board determines the compensation to Non-Executive Directors within the overall limits specified in the Shareholders resolution. GNRC, while deciding the basis for determining the compensation, both fixed and variable to the Non-Executive Directors, including Independent Directors, takes into consideration various factors such as Director’s participation in the Board and Committee Meetings held during the year, other responsibilities undertaken, such as Membership or Chairmanship of the Committees, Lead Independent Director, time spent in carrying out other duties, role and functions as envisaged in Schedule IV of the Act and SEBI LODR Regulations and such other factors as the GNRC deems fit. The Non-Executive Directors are paid remuneration in the form of Commission and sitting fees for attending the Meetings of the Board of Directors or any Committee thereof, as approved by the Board of Directors. Based on the Shareholders’ approval, Mr. Anand G. Mahindra, as Non-Executive Chairman of the Company is entitled to Remuneration (by way of monthly payment) and Commission apart from sitting fees for attending the Meetings of the Board of Directors or any Committee thereof as approved by the Board of Directors for Non-Executive Directors of the
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