Integrated Annual Report 2025-26 222 or any entity established under an Act of Parliament or a State legislature or a registered public trust or a registered society exempted or registered and approved and having an established track record of at least three years in undertaking similar activities. The Committee shall ensure that such contributions amount to at least two percent of the Company’s average net profits of the three immediately preceding financial years, in accordance with the Company’s CSR Policy. The scope of functions of the Committee, inter-alia, includes formulation and recommendation to the Board, an Annual Action Plan in pursuance of CSR Policy of the Company including CSR projects or programmes that are approved to be undertaken, manner of execution of such projects or programmes, modalities of utilisation of funds and implementation schedule(s), monitoring and reporting mechanism, need and impact assessment, if any, for the projects undertaken by the Company, recommendation of the amount of expenditure to be incurred on the CSR activities as enumerated in Schedule VII of the Act and also referred to in the CSR Policy of the Company, as also to monitor the CSR Policy from time to time, etc. Pursuant to the commitment of the Company towards sustainable business practices and the increasing adaptability of Environment, Social and Governance (‘ESG’) framework by all companies, the terms of reference of the CSR Committee, inter-alia, also include the following: • Recommend to the Board, the Company’s overall general strategy with respect to ESG matters; • Ensure ESG and social considerations in the Company’s business operations and build a culture of Sustainable Business; • Ensure compliance with the Sustainability initiatives by Regulators including but not limited to Business Responsibility and Sustainability Report and recommend the same to the Board; • Monitor and ensure the effective implementation of ESG policies of the Company and recommend changes/ deletions/ additions/ new ESG/ Sustainability policies to the Board for its approval; • Ensure compliance in relation to the policies created for or linked to the 9 key principles of the ‘National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business’; • Ensure in concurrence with the Risk Management Committee that the ESG risks pertaining to the Company are minimal and effectively managed. The CSR Policy of your Company, in alignment with the CSR provisions is uploaded on the Company’s website and can be accessed at: https://www.mahindra.com/investor-relations/ policies-and-documents. Apart from the Meetings, Circular Resolution(s), whenever required, are also passed by the Members. Subsequently, these Circular Resolution(s) are noted in the Meeting held after the date on which the Circular Resolution(s) are passed by the Members. 50% 4 2 50% Independence Members Meetings Average Attendance Attendance at the Meetings The Committee met 2 times during the year under review on 2nd May 2025 and 10th February 2026. The attendance at the Meetings was as under: Name of Directors 2nd May 2025 10th February 2026 % of Attendance Mr. Muthiah Murugappan (Chairman) 100% Mr. Anand G. Mahindra - Dr. Anish Shah 100% Ms. Padmasree Warrior - % of attendance at the Meeting 50% 50% Date of Corporate Social Responsibility Committee Meetings and Attendance thereof Attended Leave of Absence Not applicable
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