Company Profile

In compliance with the SEBI Circular no. CIR/CFD/CMD1/27/2019 dated 8th February 2019, Mahindra Logistics has informed that it enclosed copy of the Annual Secretarial Compliance Report of the Company for the financial year ended 31st March 2021 issued by Makarand M. Joshi & Co., Practicing Company Secretaries and the Secretarial Auditor of the Company.

The above information is a part of company’s filings submitted to BSE.

In compliance with Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Mahindra Logistics has informed that a Meeting of the Board of Directors of the Company is scheduled to be held on Thursday, 29th April 2021 to consider and approve the Annual Audited Standalone and Consolidated Financial Statements and Results of the Company for the 4th quarter and financial year ended 31 March 2021; consider recommendation of dividend, if any, on equity shares of the Company for the financial year ended 31st March 2021; and consider matters relating to the ensuing Annual General Meeting of the Company. In terms of the Company’s Code of Conduct for Prevention of Insider Trading in Securities of Mahindra Logistics, the Trading Window of the Company has been closed from Thursday, 1st April 2021 to Saturday, 1st May 2021. This intimation is also being uploaded on the Company’s website at https://www.mahindralogistics.com.

The above information is a part of company’s filings submitted to BSE.

Flipkart, India’s homegrown e-commerce marketplace, has partnered with Mahindra Logistics (MLL) as one of its key logistics partners to help fast track deployment of electric vehicles across its logistics fleet in the country. Flipkart has committed to 100% electric mobility in its logistics fleet and will deploy more than 25,000 electric vehicles (EVs) by 2030. MLL will play a significant role in working with various OEMs and help Flipkart’s sustainable transition to EVs.

With a shared commitment and vision towards sustainable business practices, Mahindra Logistics has already launched EDEL, its own electric delivery brand in late 2020. EDEL has partnered with companies in consumer & e-commerce to provide sustainable last-mile delivery across six cities in India. MLL through EDEL will enable Flipkart in its journey towards building a green supply chain by not only deploying a large fleet of EVs but also creating a conducive environment for EV deployment and operations across the country. This includes building supporting infrastructure and technology such as charging stations and parking lots, training workforce, route planning and even battery swapping stations in the near future. Another key focus area will be technology and control tower operations to enable greater efficiency and cost competitiveness.

Mahindra Logistics provides logistics solutions, warehousing facilities, freight forwarding and supply chain management services. It also provides people transport solutions, a specialised line of business which helps corporate clients move employees to and from the workplace.

Mahindra Logistics has informed that it has enclosed a press release on 6th April 2021 titled ‘Flipkart partners with EDEL by Mahindra Logistics to accelerate deployment of electric vehicles (EV) in its last-mile delivery’ to be issued by the Company.

The above information is a part of company’s filings submitted to BSE.

Mahindra Logistics is currently trading at Rs. 560.25, up by 13.70 points or 2.51% from its previous closing of Rs. 546.55 on the BSE.

The scrip opened at Rs. 551.00 and has touched a high and low of Rs. 581.25 and Rs. 536.70 respectively. So far 7067 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 613.95 on 17-Mar-2021 and a 52 week low of Rs. 221.00 on 07-Apr-2020.

Last one week high and low of the scrip stood at Rs. 593.00 and Rs. 536.70 respectively. The current market cap of the company is Rs. 4029.31 crore.

The promoters holding in the company stood at 58.35%, while Institutions and Non-Institutions held 31.49% and 10.16% respectively.

Flipkart, India’s homegrown e-commerce marketplace, has partnered with Mahindra Logistics (MLL) as one of its key logistics partners to help fast track deployment of electric vehicles across its logistics fleet in the country. Flipkart has committed to 100% electric mobility in its logistics fleet and will deploy more than 25,000 electric vehicles (EVs) by 2030. MLL will play a significant role in working with various OEMs and help Flipkart’s sustainable transition to EVs.

With a shared commitment and vision towards sustainable business practices, Mahindra Logistics has already launched EDEL, its own electric delivery brand in late 2020. EDEL has partnered with companies in consumer & e-commerce to provide sustainable last-mile delivery across six cities in India. MLL through EDEL will enable Flipkart in its journey towards building a green supply chain by not only deploying a large fleet of EVs but also creating a conducive environment for EV deployment and operations across the country. This includes building supporting infrastructure and technology such as charging stations and parking lots, training workforce, route planning and even battery swapping stations in the near future. Another key focus area will be technology and control tower operations to enable greater efficiency and cost competitiveness.

Mahindra Logistics provides logistics solutions, warehousing facilities, freight forwarding and supply chain management services. It also provides people transport solutions, a specialised line of business which helps corporate clients move employees to and from the workplace.