Mahindra Logistics announced comprehensive board meeting outcomes on April 23, 2026, approving audited consolidated and standalone financial results for Q4FY26 and full year FY26, along with key corporate governance decisions including dividend recommendation and Annual General Meeting scheduling. The company also completed regulatory compliance by publishing these results in newspapers under SEBI Regulation 47.

Board Meeting Outcomes and Financial Results Approval

The Board of Directors approved the company's strong Q4FY26 performance at their meeting held on Thursday, April 23, 2026, from 2:00 p.m. to 4:20 p.m. IST. The logistics provider delivered robust quarterly results with consolidated revenue reaching ₹1,791.41 crores compared to ₹1,569.51 crores in Q4FY25, representing a growth of 14%. The company achieved a consolidated net profit of ₹20.19 crores, marking a complete turnaround from the loss of ₹6.75 crores recorded in the corresponding quarter of the previous year.

Annual FY26 Performance

For the full fiscal year FY26, Mahindra Logistics reported consolidated revenue of ₹6,999.30 crores compared to ₹6,104.83 crores in FY25, representing a growth of 15%. The company achieved EBITDA of ₹376.00 crores versus ₹284.00 crores in the previous year, showing a 32% improvement. The company reported operational PAT of ₹8.20 crores compared to a loss of ₹35.80 crores in FY25, while reported PAT stood at ₹2.29 crores.

Earnings Conference Call and Management Interaction

On Friday, April 24, 2026, the company concluded its earnings conference call with several analysts, institutional investors, and funds on the annual audited financial results for Q4 and FY26. The call commenced at 3:31 p.m. IST and concluded at 4:28 p.m. IST. Mr. Hemant Sikka, Managing Director & CEO, and Ms. Isha Dalal, Chief Financial Officer, represented the company and briefed participants on the published financial results, overall business performance, and general industry updates, followed by a question & answer session. No unpublished price sensitive information was shared during the earnings conference call. The audio recording of the call has been uploaded on the company's website and can be accessed at the weblink provided.

Regulatory Compliance and Newspaper Publication

On April 24, 2026, the company fulfilled its regulatory obligations under SEBI Regulation 47 by publishing extracts of the audited consolidated financial results in prescribed format in Mumbai newspapers. The publication appeared in Business Standard (English) and Sakal (Marathi) in both print and electronic versions, including a QR Code and webpage link for accessing complete financial results. Company Secretary Jignesh Parikh confirmed the publication compliance in the official communication to stock exchanges.

Dividend Declaration and AGM Scheduling

The Board recommended a final dividend of ₹2.50 per equity share of face value ₹10.00 each (25%) for FY26, subject to shareholders' approval at the 19th Annual General Meeting. The AGM has been scheduled for Monday, July 20, 2026, with the Record Date for final dividend fixed as Friday, July 10, 2026. The dividend will be paid within stipulated timelines to shareholders whose names appear as Beneficial Owners at the end of business hours on the Record Date.

Auditor Confirmation and Independent Director Re-appointment

Deloitte Haskins & Sells LLP, the company's statutory auditor, issued unmodified audit reports on both consolidated and standalone financial results for FY26. The auditor confirmed that the financial results comply with Regulation 33 of SEBI Listing Regulations and present a true and fair view of the company's financial position. Additionally, the Board approved the re-appointment of Mr. Ameet Hariani (DIN: 00087866) as Independent Director for a second term of five consecutive years from May 1, 2027, to April 30, 2032, subject to shareholders' approval at the AGM. The Board also approved Material Related Party Transactions between the Company and Mahindra & Mahindra Limited, the Promoter and Holding Company, subject to shareholders' approval at the upcoming AGM.

Mahindra Logistics Limited ( https://scanx.trade/company/mahindra-logistic-ltd ) has announced the re-appointment of Mr. Ameet Hariani as Independent Director for a second consecutive term. The Board of Directors approved this decision during their meeting held on Thursday, 23 April 2026, following recommendations from the Nomination and Remuneration Committee.

Re-appointment Details

The re-appointment covers a second term of five consecutive years, commencing from 1 May 2027 to 30 April 2032. Mr. Hariani, who holds Director Identification Number (DIN) 00087866, will serve as Independent Director and will not be liable to retire by rotation. The appointment remains subject to approval by shareholders at the company's upcoming 19th Annual General Meeting.

Professional Background

Mr. Ameet Hariani brings extensive legal expertise to the board, holding a Bachelor of Law degree from Government Law College, Mumbai, and a Master's in Law degree from the University of Mumbai. He is a qualified Solicitor enrolled with the Bombay Incorporated Law Society and the Law Society of England and Wales. Additionally, he maintains membership with the Law Society of Singapore, the Bar Council of Maharashtra, and the Bombay Bar Association.

With over four decades of professional experience, Mr. Hariani has specialized in advising clients on corporate and commercial law, mergers and acquisitions, and real estate and real estate finance transactions. His career includes representing large organizations in international transactions, arbitrations, and prominent litigations.

Career Progression

Mr. Hariani's professional journey includes partnerships at prominent legal firms Ambubhai and Diwanji, Mumbai, and Andersen Legal India, Mumbai. Since 1991, he has served as Founder and Managing Partner of Hariani & Co. He has now transitioned to advisory practice as a senior legal counsel and also acts as an arbitrator.

Additional Contributions

Beyond his legal practice, Mr. Hariani actively contributes to the legal community as a speaker at various events and frequently writes on legal matters. He has authored a book titled "Real Estate Laws" and serves as a Trustee for Healing Touch and King George V Memorial Trust, both organizations operated by prominent doctors of Mumbai.

Board Independence

The company has confirmed that Mr. Ameet Hariani maintains independence and is not related to any other Director of the Company. He is not debarred from holding the office of director by virtue of any SEBI order or any other regulatory authority, ensuring compliance with corporate governance requirements.

The Board meeting commenced at 2:00 p.m. (IST) and concluded at 4:20 p.m. (IST) on 23 April 2026. The company has made this announcement available on its website at the corporate announcements section.