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
MAHLOG · price
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Mahindra Logistics has appointed Mr. Sandeep Kulkarni as Senior Management Personnel (SMP) and Head of Fleet Businesses & Purchasing, effective 17 April 2025. The appointment was approved by the Board based on the recommendation of the Nomination and Remuneration Committee. Separately, Mr. Vishal Sharma, Vice President – Transportation and Procurement, will cease to hold the SMP designation from the same date due to organisational restructuring, though he will continue in his existing role at the company. This appears to be an internal realignment of senior management responsibilities rather than any change in leadership.
This is a routine internal restructuring with no change in top leadership or board composition, so it is unlikely to have any meaningful impact on the stock price. Shareholders should note continuity in operations, with Mr. Sharma retaining his functional role.