Mahindra Logistics Limited held its 19th Annual General Meeting (AGM) on July 20, 2026, where shareholders approved all six proposed resolutions, including the adoption of audited financial statements for the financial year ended March 31, 2026, and the re-appointment of key directors. The meeting, conducted via video conferencing, saw a total of 77,269,708 votes polled, representing 77.8752% of the outstanding shares. The voting process combined remote e-voting held between July 15 and July 19 with e-voting conducted during the AGM.

Financial Results and Dividend

Shareholders approved the adoption of the audited standalone and consolidated financial statements for the year ended March 31, 2026. The resolution for the standalone financial statements received 99.9998% approval, with 77,149,379 votes in favour and 146 against. The consolidated financial statements were approved with 99.9998% of the votes in favour. Additionally, the declaration of a final dividend on equity shares for FY26 was passed with 99.9998% support, garnering 77,269,344 votes in favour and 127 against.

Director Re-appointments

The AGM approved the re-appointment of Mr. Ameet Pratapsinh Hariani as an Independent Director for a second term of five years, commencing from May 1, 2027, to April 30, 2032. This special resolution received 92.9917% votes in favour, with 71,854,450 votes for and 5,415,258 against. Public Institutions showed significant opposition, with 34.4417% voting against the resolution. Shareholders also re-appointed Dr. Anish Shah as a Director liable to retire by rotation, with 99.9640% of votes in favour.

Related Party Transactions

A resolution approving material related party transactions between the company and its promoter, Mahindra & Mahindra Limited, was passed with 99.9961% of the valid votes in favour. As the promoters were interested in this resolution, they abstained from voting. A total of 18,152,732 votes were cast in favour, while 709 votes were against. The scrutinizer for the e-voting process was Sarvari Shah of Parikh & Associates, Practising Company Secretaries.

Mahindra Logistics Ltd has appointed Mr. Vimal Agarwal as the Internal Auditor of the company effective July 20, 2026. The Board of Directors approved the appointment based on the recommendation of the Audit Committee. Mr. Agarwal is a Chartered Accountant and MBA with 25 years of experience in finance, governance, and business strategy across multinational corporations and listed Indian entities.

The appointment was disclosed in a regulatory filing submitted to BSE Limited and the National Stock Exchange of India Ltd. The company stated that the decision was made during a board meeting held on July 20, 2026. The meeting commenced at 12:11 p.m. IST and concluded at 1:09 p.m. IST.

Mr. Agarwal is recognized for strengthening governance frameworks and enhancing internal controls. During his tenure at PepsiCo India, he advanced through multiple leadership roles, driving financial operations, planning & analytics, and supply chain finance. He previously served as the Chief Financial Officer of Mahindra Lifespaces, where he partnered with business leaders to scale sales and increase market capitalization.

As CFO of Mahindra Holidays & Resorts over the last two years, Mr. Agarwal enabled a comprehensive growth strategy and leveraged his expertise in financial planning, investor relations, and performance optimization. He is currently the Group Chief Internal Auditor of Mahindra & Mahindra Limited, the holding company of Mahindra Logistics Ltd.

The details of the appointment were provided in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The information has been uploaded on the company's website.