Mahindra & Mahindra Limited has informed the Exchange about Change in Company Secretary and Compliance Officer
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Mahindra & Mahindra's Board, at its 11th July 2025 meeting, approved investing up to Rs. 750 Crores in the proposed Rights Issue of its listed subsidiary Mahindra Logistics Limited (MLL), by subscribing to its full entitlement as well as any unsubscribed portion. MLL reported standalone revenue of Rs. 5,012.56 Cr and consolidated revenue of Rs. 6,104.83 Cr for FY25, with a standalone net worth of Rs. 697.87 Cr. Separately, Ms. Divya Mascarenhas will cease as Interim Company Secretary and Compliance Officer from close of 15th July 2025, and Mr. Sailesh Kumar Daga will take over as the new Company Secretary and Compliance Officer from 16th July 2025. Mr. Daga brings around 30 years of experience in secretarial, legal, and finance functions, most recently from Grasim Industries and earlier from the Aditya Birla Group.
The MLL investment reinforces M&M's commitment to its logistics subsidiary and may modestly increase parent-level capital deployment, but is unlikely to materially affect M&M's standalone financials. The Company Secretary change is a routine KMP transition with a seasoned replacement, so no negative governance signal for shareholders.