Integrated Annual Report 2025-26 250 V. H OLDING, SUBSIDIARY AND ASSOCIATE COMPANIES (INCLUDING JOINT VENTURES) [GRI 2-2] 23. (a) Names of holding/subsidiary/associate companies/joint ventures F or the year FY 2025-26, the below mentioned subsidiaries are those who have participated in Business Responsibility initiatives of the Company, details of other subsidiaries, associates and joint ventures of the Company are provided in Form AOC‑1 and form part of this Annual Report: S. No. Name of the holding/ subsidiary/ associate companies/ joint ventures (A) Indicate whether holding/ Subsidiary/ Associate/ Joint Venture % of shares held by listed entity* Does the entity indicated at column A, participate in the Business Responsibility initiatives of the listed entity? (Yes/No) 1 Mahindra Steel Service Centre Limited Subsidiary** 61.00% Yes 2 Mahindra Agri Solutions Limited Subsidiary 99.06% Yes 3 Mahindra Accelo Limited Subsidiary 100.00% Yes 4 Mahindra Holidays & Resorts India Limited Subsidiary 66.74% Yes 5 Mahindra & Mahindra Financial Services Limited Subsidiary 52.49% Yes 6 Mahindra Insurance Brokers Limited Subsidiary** 100.00% Yes 7 Mahindra Rural Housing Finance Limited Subsidiary** 98.43% Yes 8 Mahindra Lifespace Developers Limited Subsidiary 52.41% Yes 9 Mahindra World City (Jaipur) Limited Subsidiary** 74.00% Yes 10 Mahindra World City Developers Limited Subsidiary** 89.00% Yes 11 Mahindra Logistics Limited Subsidiary 59.58% Yes 12 Mahindra Susten Private Limited Subsidiary** 60.01% Yes 13 Mahindra EPC Irrigation Limited Subsidiary 54.20% Yes * Percentage holding in subsidiaries represents aggregate percentage of shares/voting power held by the Company and/or its subsidiaries. ** Step-down Subsidiary VI. CSR DETAILS [GRI 201-1] 24. CSR Details Whether CSR is applicable as per section 135 of Companies Act, 2013 Yes Turnover (in Rs. crore) 1,45,575.77 Net worth (in Rs. crore) 73,994.77
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