Mahindra Logistics (MAHLOG) AGM 2025 summary

Opening remarks and agenda

• AGM conducted via video conference in compliance with regulatory guidelines, with all directors and auditors present virtually.

• Members provided with instructions for participation, document inspection, and e-voting procedures.

• The agenda included 11 items: 4 ordinary and 7 special business proposals, with one proposal withdrawn due to a director's decision not to seek reappointment.

Board and executive committee updates

• Introduction of new Managing Director and CEO, Hemant Sikka, following the leadership of Rampraveen Swaminathan.

• Board committee chairs and key auditors were introduced and confirmed present.

Financial performance review

• Standalone revenue reached INR 5,013 crore (11% YoY growth), EBITDA at INR 297 crore; consolidated revenue at INR 6,105 crore, consolidated EBITDA at INR 284 crore.

• Contract logistics generated INR 4,744 crore; freight forwarding grew 20% YoY to INR 306 crore; last mile delivery revenue rose to INR 381 crore.

• Mobility services reported stable revenues of INR 316 crore.