Mahindra Logistics Limited has informed the Exchange that pursuant to the in-principle approval received from BSE limited and National Stock Exchange of IndiaLimited vide their letters dated 15 July 2025 for the proposed Rights Issue of the Company, andRegulations 30, 42 and other applicable provisions, if any, of the Securities and Exchange Board ofIndia (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ), the Board of Directors, at their meeting held today, i.e. on 17 July 2025,has approved the issuance of the Rights Issue and the Letter of Offer. Detailed intimation is attached.
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Mahindra Logistics' board has finalised the terms of its Rights Issue, approved earlier on 11 July 2025. The company will issue up to 2.70 crore fully paid-up equity shares at Rs. 277 per share, raising up to Rs. 749.27 crore (assuming full subscription). The issue is offered in the ratio of 3 rights shares for every 8 shares held. The record date to identify eligible shareholders is 23 July 2025, and the rights issue window runs from 31 July to 14 August 2025. Post-issue, the share count will rise from about 7.21 crore to about 9.92 crore shares.
Eligible shareholders will need to decide whether to subscribe, renounce, or let their rights entitlements lapse by 14 August 2025. The Rs. 749 crore capital raise could be dilutive but gives the company funds for growth or debt reduction; shareholders who do not participate will see their effective stake reduce.