Mahindra Logistics Limited announced that the members of the company had at their 11th annual general meeting held on 2 August 2018, approved the re-appointment of Mr. Ajay Mehta as Non-Executive Independent Director of the company, to hold office for a second term of five (consecutive) years commencing from 27 March 2018 to 26 March 2023. Pursuant to Regulation 30(6) read with Schedule III and other applicable provisions of the Listing Regulations, the company announced that the second term of office of Mr. Ajay Mehta as an Independent Director of the company has come to an end viz. 26 March 2023.

Accordingly, Mr. Ajay Mehta ceases to be an Independent Director of the Company from 27 March 2023, upon completion of his term as approved by the Members of the Company.