Neutral Mahindra Logistics; target of Rs 510: Motilal Oswal
Motilal Oswal recommended Neutral rating on Mahindra Logistics with a target price of Rs 510 in its research report dated January 23, 2023.24-01-2023
24-01-2023
Mahindra Logistics Ltd - 540768 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
In terms of Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that an earnings conference call is scheduled to be held on Thursday, 2 February 2023 with several Analysts/Institutional Investors/Funds to brief them on the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and nine month ended 31 December 2022, subjected to Limited Review. Detailed disclosure in this regard is attached.24-01-2023
Mahindra Logistics Ltd - 540768 - Closure of Trading Window
In terms of the Company's Code of Conduct for Prevention of Insider Trading in Securities of Mahindra Logistics Limited, the Trading Window of the Company has been closed from Sunday, 1 January 2023 to Friday, 3 February 2023 (both days inclusive) for consideration of the Financial Results of the Company for the quarter and nine months ended 31 December 2022. Detailed Disclosure in this regards is attached.19-01-2023
Mahindra Logistics Ltd - 540768 - Board Meeting Intimation for Consideration And Approval Of Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Nine Months Ended 31 December 2022
Mahindra Logistics Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 01/02/2023 ,inter alia, to consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and nine months ended 31 December 2022, which shall be subject to limited review by the Statutory Auditor of the Company. This intimation is being filed in compliance with regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Detailed Disclosure in this regards is attached.19-01-2023
Mahindra Logistics Ltd - 540768 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
We hereby inform you that the Nomination and Remuneration Committee of the Board of Mahindra Logistics Limited ("the Company") has today i.e., Tuesday, 17 January 2023, approved allotment of 10,186 Equity Shares of face value of Rs. 10/- each, fully paid up, on exercise of Restricted Stock Units ("RSUs") under the Mahindra Logistics Employee Restricted Stock Unit Plan 2018 ("RSU Plan 2018"). Consequent to the above allotment, the issued, subscribed and paid-up share capital of the Company has increased to Rs. 71,97,70,300/- (comprising of 7,19,77,030 Equity Shares of Rs. 10/- each fully paid-up) from Rs. 71,96,68,440/- (comprising of 7,19,66,844 equity shares of Rs. 10/- each fully paid-up) with effect from 17 January 2023. Detailed disclosure is attached.17-01-2023
Mahindra Logistics Ltd - 540768 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Enclosed herewith is the certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, received from Link Intime India Private Limited, the Registrar and Share Transfer Agent ('RTA') in respect of NIL dematerialisation requests received by them and the Company for the period 1 October 2022 to 31 December 2022.13-01-2023
Mahindra Logistics Q3 PAT seen up 156.1% YoY to Rs. 15 cr: Sharekhan
Net Sales are expected to increase by 19.1 percent Y-o-Y (up 0.4 percent Q-o-Q) to Rs. 1,331 crore, according to Sharekhan.11-01-2023
Mahindra Logistics Ltd - 540768 - Update On Sale/Transfer Of Enterprise Mobility Business Of The Company To MLL Mobility Private Limited On Slump Exchange Basis
In continuation to our letter dated 26 September 2022 informing signing of a Business Transfer Agreement ('BTA') with MLL Mobility Private Limited (formerly known as Meru Mobility Tech Private Limited) ("MMPL"), wholly-owned subsidiary of the Company for sale/transfer of the Enterprise Mobility ('EM') business of the Company as a going concern on slump exchange basis effective 1 October 2022 and in compliance with Regulation 30 and other applicable provisions of the SEBI Listing Regulations, we would like to inform that in terms of the BTA the sale/transfer of the Company's EM business to MMPL is complete and consequently MMPL has today viz. 30 December 2022 allotted 2,87,204 equity shares of Rs. 10 each fully paid to the Company towards consideration for the said sale/transfer. With this, the Company holds 460,899 equity shares of Rs. 10 each fully paid (100%) of MMPL. MMPL continues to remain wholly owned subsidiary of the Company. Detailed disclosure in this regard is attached30-12-2022
Mahindra Logistics Ltd - 540768 - Clarification On News Item - Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Please find attached Company response with respect to the clarification sought on the news item 'Mahindra Logistics acquires 100% stake in Meru' pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.27-12-2022
Mahindra Logistics Ltd - 540768 - Clarification sought from Mahindra Logistics Ltd
The Exchange has sought clarification from Mahindra Logistics Ltd with respect to news article appearing on https://www.livemint.com dated December 27, 2022 (Link:https://www.livemint.com/auto-news/mahindra-logistics-acquires-100-stake-in-meru-11640603374769.html) titled "Mahindra Logistics acquires 100% stake in Meru"The reply is awaited.27-12-2022