Mahindra Logistics Limited informed that basis recommendation of the Nomination and Remuneration Committee and approval of the Audit Committee, as applicable, the Board of Directors of the Company have at their meeting held on 30 August 2023, approved the following:- Appointment of Mr. Ashay Shah, as Senior Management Personnel and Head ­ LMD & Strategy of the Company with effect from 1 October 2023. Mr. Ashay Shah is a gold medalist from IIM Ahmedabad, and an Engineering Graduate of IIT Bombay with over nine years of work experience. Mr. Ashay Shah has been associated with the Mahindra Group for over five years, in various capacities in Group Strategy, Group FP&A, and the Chairman's Office.

He has worked on various projects including strategy development, digital marketing, and financial analysis across the Mahindra group. Prior to Mahindra, he was associated at Bain and Company as a management consultant.