Mumbai, July 17, 2025 – Mahindra Logistics Limited (MLL), a leading integrated logistics and mobility solutions provider, has finalised the terms of its much-anticipated ₹749 crore rights issue, offering existing shareholders a chance to subscribe at an attractive price of ₹277 per share.

The decision was taken at the company’s Board meeting held on July 17, 2025, following in-principle approvals from BSE and NSE dated July 15, 2025. The company had previously disclosed its intent to raise capital through a rights issue not exceeding ₹750 crore on July 11, 2025.

Key Details of the Rights Issue

Under the approved terms, Mahindra Logistics will issue up to 2,70,49,301 fully paid-up equity shares with a face value of ₹10 each. These shares will be offered at ₹277 per share, which includes a premium of ₹267.

The entire issue price is payable at the time of application. The record date is fixed as Wednesday, July 23, 2025, to determine eligible shareholders who will receive Rights Entitlements (REs).

The rights entitlement ratio is 3 equity shares for every 8 fully paid-up equity shares held on the record date.

Rights Issue Timeline

• Issue Opening Date: Thursday, July 31, 2025

• Last Date for On-Market Renunciation of REs: Monday, August 11, 2025

• Last Date for Off-Market Renunciation: Wednesday, August 13, 2025

• Issue Closing Date: Thursday, August 14, 2025

The company has reserved the right to extend the issue period, though the total period will not exceed 30 days from the issue opening date.

RE Credit and Trading Details

The Rights Entitlements will be credited to shareholders’ demat accounts under ISIN: INE766P20016. Shareholders can choose to subscribe or renounce their REs in full or in part, either through on-market or off-market methods, within the specified timelines.

Failure to apply for the rights issue before the closing date will result in lapse of REs, and no allotment will be made for such entitlements.

Capital Structure Before and After Issue

• Pre-Issue Paid-up Capital: 7,21,31,470 equity shares

• Post-Issue Capital (Assuming Full Subscription): 9,91,80,771 equity shares

The issue is expected to significantly strengthen the company's capital base, allowing Mahindra Logistics to pursue its long-term growth and expansion strategy in India’s booming logistics sector.

Leadership Commentary

Jignesh Parikh, Company Secretary at Mahindra Logistics, shared the official update and emphasized the importance of this capital raise in enabling operational scaling and enhancing shareholder value.

While no management commentary was released in the official notice, industry observers note that the competitive pricing of the rights issue may drive strong shareholder participation, especially given Mahindra Logistics' solid track record and growing relevance in India’s supply chain ecosystem.

Where to Access More Information

Shareholders and investors can view the full Letter of Offer and FAQs regarding the issue on the company’s website:
🔗 https://mahindralogistics.com/investorrelations/rights-issue-2025

This update has also been filed with BSE and NSE under regulatory compliance norms.

About Mahindra Logistics Ltd (MLL)
Mahindra Logistics Ltd is a part of the Mahindra Group and offers third-party logistics (3PL) solutions across various sectors including automotive, consumer goods, e-commerce, and pharmaceuticals. It also provides enterprise mobility solutions. The company is listed on BSE (Scrip Code: 540768) and NSE (Symbol: MAHLOG)

The Upcoming IPOs in this week and coming weeks are Monarch Surveyors & Engineering Consultants, TSC India, Swastika Castal, Savy Infra, NSDL.

The Current active IPO are Monika Alcobev.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.