Outcome of Board Meeting

mahindra ‘› Mahindra Logistics Limited Arena Space, 10th & 11th Floor, LOGISTICS V Plot No. 20, Jogeshwari Vikhroli Link Road, Near Majas Bus Depot, Jogeshwari (East), Mumbai – 400060, Maharashtra. Tel: +91 22 6836 7900 Email: enquiries@mahindralogistics.com www.mahindralogistics.com CIN: L63000MH2007PLC173466 Ref: MLLSEC/101/2026 23 October 2026 BSE Limited, National Stock Exchange of India Ltd., (Security Code: 540768) (Symbol: MAHLOG) Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, Fort, “G” Block, Bandra-Kurla Complex, Mumbai - 400 001 Bandra (East), Mumbai – 400 051 Dear Sir/Madam, Sub: Outcome of the Board Meeting held on 23 October 2026 – Unaudited Consolidated and Standalone Financial Results of the Company for the second quarter and half year ended 30 September 2026 Ref: Intimation of Board Meeting vide letter dated 28 September 2026 We hereby inform you that, in compliance with Regulation 30 read with Schedule III, Regulation 33 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), the Board of Directors of Mahindra Logistics Limited (“the Company”), at their Meeting held today viz. Friday, 23 October 2026, has inter-alia, approved the Unaudited Consolidated and Standalone Financial Results of the Company for the second quarter and half year ended 30 September 2026, subjected to Limited Review of the Statutory Auditor of the Company. In this regard, please find enclosed the following documents prepared in compliance with Regulations 33 and 47 (as applicable) of the SEBI Listing Regulations: 1. Unaudited Consolidated Financial Results together with the Segment-wise report, Standalone Financial Results for the second quarter and half year ended 30 September 2026, Unaudited Consolidated and Standalone Statement of Assets and Liabilities and Cash Flow Statement as on 30 September 2026 and notes thereon; 2. Unmodified Limited Review Report on the Unaudited Consolidated and Standalone Financial Results for the second quarter and half year ended 30 September 2026, issued by the Company’s Statutory Auditor - Deloitte Haskins & Sells LLP; 3. Extract of the newspaper publication of the Unaudited Consolidated Financial Results for the second quarter and half year ended 30 September 2026 in prescribed format to be published in print and electronic versions of the newspapers. The Meeting of the Board of Directors of the Company commenced at 1:02 p.m. (IST) and concluded at 2:10 p.m. (IST). Reg Office: Mahindra Towers, P.K. Kurne Chowk, Igniting Success Worli, Mumbai - 400018 mahindra ‘› LOGISTICS Igniting Success W This intimation is also being uploaded on the website of the Company and can be accessed at the weblink: https://mahindralogistics.com/financial-results/quaterly-result/ Thanking you For Mahindra Logistics Limited Jignesh Parikh Company Secretary Enclosures: As above Deloitte Chartered Accountants One International Center Tower 3, 31st floor Haskins & Sells LLP Senapati Bapat Marg Elphinstone Road (West) Mumbai-400 013 Maharashtra, India Tel: +91 226 185 4000 Fax: +91 226 185 4101 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF MAHINDRA LOGISTICS LIMITED 1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of MAHINDRA LOGISTICS LIMITED ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), and its share of the net loss after tax and total comprehensive loss of its joint venture for the quarter and half year ended 30 September 2026 ("the Statement") being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulations"). 2. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of Parent's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable. 4. The Statement includes the results of the following entities: • Parent Company: (cid:226) Mahindra Logistics Limited • Subsidiary Companies: (cid:226) Lords Freight (India) Private Limited (cid:226) MLL Express Services Private Limited • MLL Mobility Private Limited • 2X2 Logistics Private Limited (cid:226) V-Link Freight Services Private Limited (cid:226) ZipZap Logistics Private Limited Regd. Office:One International Center, Tower 3, 31st Floor, Senapati Bapat Marg, Elphinstone Road (West), Mu mbai-400 013, Maharashtra, India. Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737 Deloitte Haskins & Sells LLP • Joint Venture Company: Seino MLL Logistics Private Limited 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. We did not review the interim financial results of six subsidiaries included in the consolidated unaudited financial results, whose interim financial results reflect total assets of Rs. 841.44 Crores as at 30 September 2026, total revenue of Rs. 439.07 Crores and Rs. 838.67 Crores for the quarter and half year ended 30 September 2026 respectively, total (net) profit after tax of Rs. 6.30 Crores and Rs. 5.18 Crores for the quarter and half year ended 30 September 2026 respectively and total comprehensive income of Rs. 6.30 Crores and Rs. 5.18 Crores for the quarter and half year ended 30 September 2026 respectively and net cash outflow of Rs. 19.01 Crores for the half year ended 30 September 2026, as considered in the Statement. The consolidated unaudited financial results also include the Group's share of loss after tax of Rs. 0.06 Crores and Rs. 0.11 Crores for the quarter and six months ended 30 Sept [Showing first 8,000 characters — download PDF for full document]