Outcome of Board Meeting

Mahindra Logistics Limited Arena Space, 10th & 11th Floor, 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/64/2026 20 July 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 Sirs, Sub: Outcome of the Board Meeting held on 20 July 2026 Ref: Intimation of Board Meeting vide letter dated 26 June 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. Monday, 20 July 2026, has inter-alia, approved the following: A. Unaudited Financial Results: The unaudited Consolidated and Standalone Financial Results of the Company for the first quarter ended 30 June 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 and Unaudited Standalone Financial Results for the first quarter ended 30 June 2026 and notes thereon; 2. Unmodified Limited Review Report on the Unaudited Consolidated and Standalone Financial Results for the first quarter ended 30 June 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 first quarter ended 30 June 2026 in prescribed format to be published in print and electronic versions of the newspapers. B. Appointment of Internal Auditor of the Company: Appointment of Mr. Vimal Agarwal, as the Internal Auditor of the Company with effect from 20 July 2026, based on the recommendation of the Audit Committee. The details as required under SEBI Listing Regulations and the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30 January 2026, is enclosed as Annexure-A. The Meeting of the Board of Directors of the Company commenced at 12:11 p.m. (IST) and concluded at 1:09 p.m. (IST). Reg Office: Mahindra Towers, P.K. Kurne Chowk, Worli, Mumbai - 400018 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 ANNEXURE-A Details with respect to appointment of Mr. Vimal Agarwal as the Internal Auditor as required under SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30 January 2026 Sr. Details of events that needs to Information of such event(s) No be provided 1 Reason for change viz. The Board of Directors of the Company at their meeting held today viz. appointment, resignation, Monda, 20 July 2026, based on the recommendation of the Audit Committee, removal, death or otherwise approved appointment of Mr. Vimal Agarwal as the Internal Auditor of the Company, with effect from 20 July 2026. 2 Date of appointment/re- Date of appointment – 20 July 2026 appointment/ cessation (as applicable) and term of appointment/re-appointment 3 Brief Profile (in case of Mr. Vimal Agarwal is a Chartered Accountant and MBA with 25 years of appointment) experience in finance, governance, and business strategy across multinational corporations and listed Indian entities. He is recognized for strengthening governance frameworks, enhancing internal controls, and enabling Boards and leadership teams in shaping and executing growth strategies. During his tenure at PepsiCo India, Vimal advanced through multiple leadership roles, driving financial operations, planning & analytics, and supply chain finance while embedding strong internal controls and governance practices. After joining Mahindra Lifespaces as Chief Financial Officer (“CFO”), he had partnered with business leaders to scale sales, increase market capitalization while leading fundraising, digitalization, and private equity joint ventures. As CFO of Mahindra Holidays & Resorts, over the last 2 years, he has enabled a comprehensive growth strategy and leveraged his expertise in financial planning, investor relations, and performance optimization. Mr. Vimal Agarwal is currently the Group Chief Internal Auditor of Mahindra & Mahindra Limited, Holding company of the Company. 4 Disclosure of relationships Not Applicable between directors (in case of appointment of a director) 5. Information as required pursuant Not Applicable to BSE Circular with ref. no. LIST/COMP/14/2018-19 and the National Stock Exchange of India Limited Circular with ref. no. NSE/CML/2018/24, both dated 20 June 2018 ************ Deloitte Chartered Accountants Commerz III, 30th & 31st floors Haskins & Sells LLP International Business Park Oberoi Garden City Off. Western Express Highway Goregaon (East) Mumbai-400 063 Maharashtra, India 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 ended 30 June 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 L [Showing first 8,000 characters — download PDF for full document]