Mahindra Logistics Limited has informed the Exchange about Retirement of Mr. Dhananjay Mungale. Detailed intimation is attached
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Mr. Dhananjay Mungale, an Independent Director on the board of Mahindra Logistics, has informed the company that he will not be considered for re-appointment once his current term ends on 21 July 2025. He cited his other professional commitments as the reason for stepping away. Mr. Mungale has been on the board since 29 January 2021. The company has disclosed this change under SEBI Listing Regulations and has not yet announced a replacement for his position.
This is a routine end-of-term departure of a non-executive Independent Director and is unlikely to materially affect operations or stock price. Investors may watch for timely appointment of a new Independent Director to ensure board composition stays compliant with SEBI requirements.