STATUTORY REPORTS | Corporate Governance Report 211 Whole Time Director(s) (Rs. in Lakh) Duration of employment/contract Salary Company’s Contribution to Funds* Allowances and Perquisites other than ESOPs Perquisites related to ESOPs Total Mr. Rajesh Jejurikar, Executive Director and CEO (Auto and Farm Sector) 1,743.53## 55.17 0.20 3,290.30 5,089.20 • Appointed from 1st April 2020 to 31st March 2025 Designated as Executive Director (Automotive and Farm Sectors) up to 14th March 2023 and Re-designated as Executive Director and CEO (Auto and Farm Sector) from 15th March 2023. • Re-appointed as Executive Director and CEO (Auto and Farm Sector) from 1st April 2025 to 24th June 2029. KPIs for Incentive Payment for Executive Directors / Claw-Back Clauses 50% of the Performance Pay annually payable to Mr. Rajesh Jejurikar, is based on the Business Scorecard comprising of Consolidated Revenue, Consolidated Profit Before Tax, Consolidated Free Cash Flow, Return on Capital Employed, MCARES, MCAPS and such other parameters as may be decided by the Company from time to time. ESG parameters for determining Performance Pay • Drive initiatives to reduce direct environmental footprint in Auto & Farm Sector (Scope 1+2 emissions, water, waste & material use) • Drive decarbonization (Scope 3 supply chain and product in use), across Auto & Farm Sector • Drive high standards of governance & ethics across Auto & Farm Sector * Aggregate of the Company’s contributions to Superannuation Fund and Provident Fund # Includes Performance pay of Rs. 1,020.05 Lakh ## Includes Performance pay of Rs. 887.91 Lakh Notes: a. Notice period applicable to each of the Whole-time Director(s) is six months b. Employee Stock Options and Performance Pay are the only components of remuneration that are performance linked. All other components are fixed c. There is no separate provision for payment of Severance Fees D. Remuneration to Mr. Anand G. Mahindra, Chairman for the financial year ended 31st March 2026 The Shareholders of your Company at the 75th AGM held on 6th August 2021 had initially approved the terms of remuneration of Mr. Anand G. Mahindra, Chairman of your Company. Thereafter, at the 78th AGM held on 31st July 2024, the Shareholders considered and approved a revision in the said terms of remuneration. Subsequently, at the 79th AGM held on 31st July 2025, the Shareholders further considered and approved a revision in the terms of remuneration of Mr. Anand G. Mahindra for the period from 1st April 2025 to 11th November 2026, being the remaining period for which remuneration had earlier been approved at the 75th AGM and the 78th AGM. Further, the Shareholders at the 79th AGM also accorded their approval for payment of remuneration to Mr. Anand G. Mahindra for FY26, being an amount exceeding fifty percent of the total annual remuneration payable to all the NonExecutive Directors of the Company for FY26. Below is the remuneration paid/payable to Mr. Anand G. Mahindra during the year ended 31st March 2026: Directors (Rs. in lakh) Remuneration Commission Total Mr. Anand G. Mahindra 302.50 302.50 605.00 The remuneration stated above excludes sitting fees. Further, Mr. Anand G. Mahindra is entitled to benefits under the Company’s Special Post‑Retirement Benefit Scheme.
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