Pursuant to Regulation 30 read with Para A(7) of Part A of Schedule III and other applicable provisions of the SEBI Listing Regulations, we hereby inform you that basis recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company has today viz. 17 April 2025, approved the appointment of Mr. Sandeep Kulkarni, as SMP and Head Fleet Businesses & Purchasing of the Company with effect from 17 April 2025. Due to changes in the organisation structure, Mr. Vishal Sharma, Vice President Transportation and Procurement, will cease to be an SMP of the Company with effect from 17 April 2025. He will continue to be in the employment of the Company as Vice President Transportation and Procurement. Detailed disclosure is enclosed
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Mahindra Logistics' Board, on 17 April 2025, approved the appointment of Mr. Sandeep Kulkarni as Senior Managerial Personnel (SMP) and Head of Fleet Businesses & Purchasing, effective the same day. Due to organisational restructuring, Mr. Vishal Sharma will cease to be an SMP but will continue in his role as Vice President – Transportation and Procurement. The detailed disclosure as required under SEBI Listing Regulations has been filed with the exchanges.
This is a routine senior management reshuffle with no change in overall leadership or business direction. Shareholders are unlikely to see any material impact on the stock from this announcement.