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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. Wednesday, 19 October 2022, approved allotment of 10,866 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. 71,96,68,440/- (comprising of 7,19,66,844 equity shares of Rs. 10/- each fully paid-up) from Rs. 71,95,59,780/- (comprising of 7,19,55,978 equity shares of Rs. 10/- each fully paid-up) with effect from 19 October 2022. Detailed disclosure in this regard is attached.
19-10-2022
Bigul

Mahindra Logistics Ltd - 540768 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Pursuant to Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, please find attached certificate received from Link Intime India Private Limited, the Registrar and Share Transfer Agent ('RTA') in respect of Nil dematerialisation requests received by the RTA/the Company for the period for the period 1 July 2022 to 30 September 2022.
14-10-2022
Bigul

Mahindra Logistics Ltd - 540768 - Announcement under Regulation 30 (LODR)-Credit Rating

Pursuant to Regulation 30(6) read with Schedule III and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that ICRA Limited has retained the credit ratings assigned to the Long-Term/Short-Term, Fund-based/Non-fund Based credit facilities of Rs. 335 crores of the Company. The Outlook on the long-term rating continues to be Stable. Detailed disclosure is attached.
06-10-2022
Bigul

Mahindra Logistics Ltd - 540768 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

In compliance with Regulation 30(6) read with Schedule III and other applicable provisions of the Listing Regulations, we hereby inform you that the Company has today viz. Monday, 3 October 2022, concluded its virtual group meeting with Ageas Federal Life Insurance Co. Limited and Equirus Securities Private Limited. The said Analysts/Institutional Investors/Funds were briefed on the general industry updates and business overview of the Company. No Unpublished Price Sensitive Information was shared by the Company during the aforesaid interactions. Detailed disclosure in this regard is attached.
03-10-2022
Bigul

Mahindra Logistics Ltd - 540768 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

In compliance with Regulation 30(6) read with Schedule III and other applicable provisions of the Listing Regulations, we hereby inform you of the schedule of virtual group meeting with Ageas Federal Life Insurance Co. Limited and Equirus Securities Private Limited scheduled on Monday, 3 October 2022. Detailed disclosure in this regards is attached.
03-10-2022

Mahindra Logistics: Acquisition of Rivigo's B2B express business a mixed bag for shareholders

While the acquisition will help MLL to diversify into newer areas and grow its business, negatives include margin dilution
29-09-2022

Buy Mahindra Logistics; target of Rs 600: Sharekhan

Sharekhan is bullish on Mahindra Logistics has recommended buy rating on the stock with a target price of Rs 600 in its research report dated September 27, 2022.
28-09-2022

Mahindra Logistics acquires Rivigo Services, aims to strengthen its express business capability

Mahindra Logistics, with this acquisition, aims to add significant strength to its express business capability.
27-09-2022

Mahindra Logistics acquires B2B express business of Rivigo

Mahindra Logistics on Monday announced the acquisition of the B2B express business of Gurugram-based logistics firm Rivigo Services, which will help the company accelerate its capabilities in this space. Mahindra Logistics Ltd (MLL) will acquire the express business through a business transfer agreement (BTA), including the customers, team and assets of Rivigo's B2B express business and its technology platform, Mahindra Logistics said in a statement. Rivigo, however, will continue to own its truck fleet and the rights to the full truck load (FTL) operations. Rivigo operates a pan-India B2B express network with a robust client base and a full-service technology suite. Its express network currently covers over 19,000 PIN codes across the country through over 250 processing centres and branches, spanning more than 1.5 million sq ft. "This will add significant strength to Mahindra Logistics' express business capability," the company said. B2B express logistics continues to see strong
26-09-2022
Bigul

Mahindra Logistics Ltd - 540768 - Announcement under Regulation 30 (LODR)-Restructuring

In compliance with Regulation 30(6) read with Schedule III, Part A, Para A(1) of the SEBI Listing Regulations, we hereby inform you that the Company has today, pursuant to approval granted by the Investment Committee of the Board of the Company at their meeting held today viz. Monday, 26 September 2022, entered into a Business Transfer Agreement 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 business of the Company as a going concern on slump exchange basis, effective 1 October 2022, for a lump sum consideration of Rs. 36.12 crore to be discharged by MMPL through issue of equity shares to the Company, on the terms and conditions more specifically defined in the said agreement. Detailed disclosure is attached.
26-09-2022
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