Mahindra Logistics Limited has informed the Exchange regarding 'Addendum to the Letter of Offer dated 17 July 2025 for Rights Issue of the Fully Paid-up Equity Shares of Mahindra Logistics Limited '.
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Mahindra Logistics has issued an addendum to its July 17, 2025 Letter of Offer for a rights issue, incorporating the company's unaudited Q1 FY26 (June 30, 2025) financial results that were approved by the board on July 21, 2025. Q1 FY26 revenue from operations rose about 14% year-on-year to ₹1,624.59 crores from ₹1,420.02 crores, but losses widened with a net loss after tax of ₹9.44 crores versus ₹7.84 crores, and basic/diluted EPS at negative ₹1.50 versus negative ₹1.29. The underlying rights issue size remains up to 2,70,49,301 equity shares at ₹277 per share (₹267 premium over ₹10 face value), aggregating up to ₹749.27 crores, in the ratio of 3 rights shares for every 8 held. The issue opens on July 31, 2025 and closes on August 14, 2025, with the record date set for July 23, 2025.
Existing shareholders now have the latest quarterly numbers before deciding whether to subscribe, renounce, or let their rights entitlements lapse; the combination of double-digit revenue growth alongside widening losses may give some investors pause about committing further capital.