Mahindra Logistics Limited has fixed Friday, 10 July 2026, as the record date to determine shareholder eligibility for a final dividend of ₹2.50 per equity share for the financial year ended 31 March 2026. The Board of Directors recommended this 25% dividend on the face value of ₹10 per share at its meeting on 23 April 2026. The payout is contingent upon approval by shareholders at the 19th Annual General Meeting scheduled for Monday, 20 July 2026.

The company will deduct tax at source (TDS) on the dividend in accordance with the Income Tax Act, 2025. Shareholders are required to ensure their Permanent Account Number (PAN), residential status, and bank details are updated with their depository participants before the record date to facilitate seamless payouts. The company has specified that it will rely on the details available in the Register of Members or the list of beneficial owners as of the close of business hours on 10 July 2026 for tax compliance.

TDS Rates for Resident Shareholders

The applicable TDS rates for resident individual shareholders vary based on the availability of valid PAN details. The company will not deduct TDS if the total dividend paid during FY 2026-27 does not exceed ₹10,000.

Resident shareholders may submit Form 121 to claim exemption from TDS or provide a lower tax withholding certificate under Section 395(1) of the Income Tax Act. The form can be submitted electronically through the Central Depository Services (India) Limited (CDSL) or National Securities Depositories Limited (NSDL) platforms.

Documentation for Non-Resident Shareholders

For non-resident shareholders, the standard withholding tax rate is 20% plus surcharge and cess. However, these shareholders may opt for benefits under the Double Tax Avoidance Agreement (DTAA) if applicable. To claim treaty benefits, non-resident shareholders must submit a Tax Residency Certificate (TRC), Form 41, a self-attested copy of PAN, and a self-declaration certifying tax residency and beneficial ownership.

Submission Deadlines

Shareholders must submit all tax exemption forms and supporting documents, including self-attested copies of PAN, to the company's registrar, MUFG Intime India Private Limited, or via email to cs.mll@mahindralogistics.com by 10 July 2026. The company cautioned that no requests for tax determination or revisions will be entertained after this date. In the absence of necessary documentation, the company will deduct tax at a higher rate, and shareholders will need to file a return of income to claim any eligible refund.

Mahindra Logistics Limited has announced a change in its senior management personnel due to an internal group movement. Mr. Ankur Bansal, currently the Head – Strategy & Transformation, will cease to hold this position and will no longer be a Senior Management Personnel of the company effective 31 May 2026.

The transition is part of the Mahindra group's internal talent mobility practices. Consequently, Mr. Bansal is set to join MLL Express Services Private Limited, a wholly-owned subsidiary of the company, as its Chief Executive Officer with effect from 1 June 2026.

This leadership change at the subsidiary level follows the resignation of Mr. Prasanna Pahade, the outgoing Chief Executive Officer of MLL Express Services Private Limited. Mr. Pahade resigned effective 31 May 2026 to pursue professional interests outside the group, with his last day of employment scheduled for 24 July 2026.

Details of Management Change

The company provided specific details regarding the cessation of the Senior Management Personnel in its regulatory filing.

The company confirmed that the event occurred on 19 May 2026 at 9:45 a.m. IST. The information has been disseminated to the stock exchanges and is available on the company's official website.