Mahindra Logistics Limited has informed the Exchange about Extract of Newspaper advertisement - Addendum to the Letter of Offer
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Mahindra Logistics has published an addendum to its Letter of Offer dated July 17, 2025 in connection with its Rights Issue. The company is offering up to 2,70,49,301 fully paid-up equity shares of face value ₹10 each at a price of ₹277 per share (including a premium of ₹267), aggregating up to ₹749.27 crores on a rights basis. The ratio is 3 rights shares for every 8 shares held, with the record date set as July 23, 2025. The issue opens on July 31, 2025 and closes on August 14, 2025, with promoter Mahindra & Mahindra backing the issue. The addendum includes Q1 FY26 (June 30, 2025) unaudited financial results showing total revenue from operations at ₹1,624.59 crores (up from ₹1,420.02 crores YoY), but a widened net loss of ₹(9.44) crores versus ₹(7.84) crores in the same quarter last year. Basic and diluted EPS stood at ₹(1.50) compared to ₹(1.29) earlier.
Existing shareholders will need to decide whether to subscribe to the rights issue at ₹277 per share before the August 14, 2025 deadline or let their entitlements lapse. The disclosed Q1 results show revenue growth of about 14% but persistent losses that have widened, which may temper investor enthusiasm for the fundraising. Promoter Mahindra & Mahendra's backing lends credibility, but dilution from the ₹749 crore issue will affect per-share metrics.