FINANCIAL STATEMENTS | Standalone Accounts 369 42. Disclosure required under Section 186(4) of the Companies Act, 2013 for Loans and Guarantees (net of provision): a) Inter Corporate deposits and Loans Rupees crores S. No. Name Relationship as per Companies Act, 2013 2026 2025 1 Mahindra Overseas Investment Company (Mauritius) Limited Subsidiary of the Company 847.76 2,026.87 2 Mahindra Agri Solutions Limited Subsidiary of the Company 10.00 25.00 3 Classic Legends Private Limited Subsidiary of the Company 284.65 164.80 4 Mahindra Defence Systems Limited Subsidiary of the Company 411.00 245.00 5 Mahindra Aerostructures Private Limited Subsidiary of the Company 100.00 201.50 6 Mahindra Steel Service Centre Limited Subsidiary of the Company 120.00 35.00 7 Mahindra Auto Steel Private Limited Subsidiary of the Company 130.00 150.00 8 Mahindra Accelo Limited Subsidiary of the Company 120.00 100.00 9 NBS International Limited Subsidiary of the Company 60.00 32.00 10 Resurgence Solarize Urja Private Limited Subsidiary of the Company — 37.00 11 Mahindra Solarize Private Limited Subsidiary of the Company — 75.00 12 Mahindra Teqo Private Limited Associate of the Company 49.50 18.50 13 Mahindra Lifespace Developers Limited Subsidiary of the Company 300.00 200.00 14 Mahindra EPC Irrigation Limited Subsidiary of the Company 20.00 20.00 15 Mahindra Logistics Limited Subsidiary of the Company — 150.00 16 MLL Express Services Private Limited Subsidiary of the Company — 100.00 17 Mahindra Educational Institutions (up to 26th December, 2025) Associate of the Company — 10.00 2,452.91 3,590.67 b) Guarantees Rupees crores S. No. Name Relationship as per Companies Act, 2013 2026 2025 Outstanding Recognized in Balance Sheet Outstanding Recognized in Balance Sheet 1 Mahindra Aerostructures Private Limited Subsidiary of the Company 844.73 — 521.68 — 2 Mahindra USA Inc. Subsidiary of the Company 141.29 — 128.28 — 3 PF Holding B.V. Associate of the Company — — 572.29 6.58 Notes: (a) Inter corporate deposits given and repaid during the year amounting to Rs. 10.00 crores to Mahindra Agri Solutions Limited, Rs. 28.00 crores to Mahindra Defence Systems Limited, Rs. 617.00 crores to NBS International Limited and Rs. 100.00 crores to Classic Legends Private limited, Rs. 285.00 crores to Mahindra Lifespace Developers Limited and Rs. 25.00 crores to Mahindra EPC Irrigation Limited. (b) Above inter corporate deposits and loans have been given for general business purposes (including investment purposes) and guarantees have been given against their borrowing/performance obligations. (c) Refer note 8 for investments.
RkJQdWJsaXNoZXIy NTE5NzY=