Mahindra Logistics Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 21, 2025, pursuant to Regulations 30 and 34 of the SEBI Listing Regulations. Detailed disclosure is enclosed.
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Mahindra Logistics has announced its 18th AGM to be held on Monday, 21 July 2025 at 3:30 p.m. IST via video conferencing. The Board has recommended a final dividend of ₹2.50 per equity share (25% on face value of ₹10), representing 41.45% of standalone profit after tax, with a record date of 11 July 2025 and payment on or after 22 July 2025. Shareholders will also consider appointing Mr. Hemant Sikka as Managing Director & CEO for a 5-year term (5 May 2025 to 4 May 2030) with a basic salary of ₹9,67,147 per month, and introducing the MLL Performance Stock Unit Plan 2025 covering up to 18 lakh PSUs (2.50% of paid-up capital). Additionally, the company seeks approval to increase its authorised share capital from ₹105 crore to ₹200 crore (from 10.5 crore to 20 crore equity shares of ₹10 each), and the re-appointment of two independent directors, Ms. Malvika Sinha and Mr. Dhananjay Mungale.
This is a routine AGM notice with several shareholder-friendly items: a confirmed dividend payout and a meaningful PSU plan (up to 2.5% dilution) to incentivise employees. The authorised capital hike and leadership continuity through Mr. Sikka's appointment signal steady governance, with potential mild dilution overhang from the stock unit plan worth monitoring.