STATUTORY REPORTS | Corporate Governance Report 233 Your Company stayed focused on cost reduction through measures like Value Analysis (VA) /Value Engineering (VE), negotiations with suppliers, long term price contracting, etc. Your Company continues to monitor the commodity prices closely and to focus on mitigating the volatility through “Commodity Risk Management”. Hedging of currencies and commodities are being governed in accordance with the Foreign Exchange Risk Management Policy and Commodity Risk Management Policy, approved by the Board of Directors of your Company. The details of Foreign Exchange hedging activities undertaken by the Company are disclosed in Note No. 40 to Annual Accounts in the Annual Report. Disclosures regarding commodity price risk and hedging activities, the details of exposure of the Company to material commodities and risks faced by it throughout the year as mandated by Regulation 34(3) read with clause 9(n) of Part C of Schedule V of the SEBI LODR Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026, are as follows: (a) Total exposure of the Company to commodities in INR: 14,845 crore. (b) Exposure of the Company to various commodities: Commodity Name Exposure towards the particular commodity FY26 Exposure in Quantity terms towards the particular commodity (tons)2 % of such exposure hedged through commodity derivatives (Rs. in crore)1 Domestic market International market Total OTC Exchange OTC Exchange Flat Steel (Sheet Metal) 6,917 11,59,689 Nil Nil Nil Nil Nil Casting 3,686 8,29,359 Nil Nil Nil Nil Nil Alloy Steel (Forging) 4,242 6,21,387 Nil Nil Nil Nil Nil 1 As per average prices of FY26 2 As per Actual F26 Volumes (c) Commodity risks faced by the listed entity during the year and how they have been managed: The commodity risks on above commodities are mitigated through close monitoring of commodity movements and mitigation measures like value engineering yielding significant cost reduction. 17. Plant Locations Your Company’s manufacturing facilities are located at Kandivali (Mumbai), Nashik, Igatpuri, Nagpur, Chakan, Zaheerabad, Jaipur, Rudrapur, Haridwar, SAS Nagar (Mohali) and Pithampur. 18. Address for correspondence (a) Address for correspondence with the Company Y our Company has designated [email protected] as an exclusive email ID for Investors for the purpose of registering complaints and the same has been displayed on the Company’s website. KFin Technologies Limited also acts as Registrar to an Issue & Share Transfer Agent for the Listed Non-Convertible Debentures of the Company. F or all investor related matters, the Company Secretary & Compliance Officer can also be contacted at: M ahindra Towers, 2nd Floor, Dr. G. M. Bhosale Marg, Worli, Mumbai - 400 018. Tel. No.: +91 022 6919 5194 / 6919 5195 Email: [email protected] Y our Company can also be visited at its website: https://www.mahindra.com
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