Integrated Filing — IndAS



General information about company

Scrip Code 540768
NSE Symbol MAHLOG
MSEI Symbol NOTLISTED
ISIN INE766P01016
Name of company Mahinda Logistics Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 23-04-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 27-03-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Supply Chain Management
Start date and time of board meeting 23-04-2026   14:00:00
End date and time of board meeting 23-04-2026   16:20:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 27-01-2026
Indicate Company website link for updated RPT policy of the Company https://mahindralogistics.com/tabs/cms/files/Policy-for-determinig-Material-RPTs.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
There is no default.



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 1,41,395.00 5,67,198.00
Other income 312.00 1,150.00
Total income 1,41,707.00 5,68,348.00
2 Expenses
(a) Cost of materials consumed 0.00 0.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 8,079.00 32,501.00
(e) Finance costs 1,202.00 5,913.00
(f) Depreciation, depletion and amortisation expense 6,114.00 24,235.00
(f) Other Expenses
1 Operating expenses 1,20,550.00 4,86,356.00
2 Other expenses 2,858.00 13,047.00
Total other expenses 1,23,408.00 4,99,403.00
Total expenses 1,38,803.00 5,62,052.00
3 Total profit before exceptional items and tax 2,904.00 6,296.00
4 Exceptional items 0.00 (476.00)
5 Total profit before tax 2,904.00 5,820.00
6 Tax expense
7 Current tax 975.00 2,237.00
8 Deferred tax (209.00) (719.00)
9 Total tax expenses 766.00 1,518.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 2,138.00 4,302.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 2,138.00 4,302.00
17 Other comprehensive income net of taxes 145.00 125.00
18 Total Comprehensive Income for the period 2,283.00 4,427.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 9,922.00 9,922.00
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 1,37,717.00
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 2.16 4.78
Diluted earnings (loss) per share from continuing operations 2.15 4.78
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 2.16 4.78
Diluted earnings (loss) per share from continuing and discontinued operations 2.15 4.78
24 Debt equity ratio 0 0
25 Debt service coverage ratio 0 0
26 Interest service coverage ratio 0 0
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The Standalone Financial Results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective Meetings held on 23 April 2026. The statutory auditors have performed audit of the Standalone financial results for the year ended 31 March 2026 and limited review for the quarter ended 31 March 2026 and have issued an unmodified opinion. 2. The Standalone Financial Results have been prepared and published in accordance with the Indian Accounting Standards, Section 133 of the Companies Act, 2013 read with Rules framed thereunder and Regulation 33 of SEBI Listing Regulations, as amended from time to time. 3. The figures of the last quarter ended 31 March 2026 are the balancing figures between audited figures in respect of the full financial year and published year to-date figures upto the third quarter of the respective financial years and there are no material adjustments made in the results of the quarter ended 31 March 2026 which pertain to earlier periods. 4. During the quarter ended 31 March 2026, the Company has allotted 41,712 equity shares of Rs. 10 each fully paid-up, on exercise of Restricted Stock Units (RSUs) by eligible employees under the Mahindra Logistics Employee Restricted Stock Unit Plan 2018. 5. The Board has recommended a dividend of Rs. 2.50 per share on equity share of Rs. 10 each (25%) subject to approval of members of the company at the forthcoming Annual General Meeting. 6. Earnings per share for the comparative periods have been retrospectively adjusted for effects of rights issue during the period.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 77,764.00
Capital work-in-progress 616.00
Investment property 0.00
Goodwill 0.00
Other intangible assets 5.00
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 73,511.00
Trade receivables, non-current 0.00
Loans, non-current 724.00
Other non-current financial assets
1 Net Investment in Lease 76.00
2 Other Financial Assets 5,412.00
Total of other non-current financial assets 5,488.00
Total non-current financial assets 79,723.00
Deferred tax assets (net) 4,020.00
Other non-current assets
1 Income Tax Assets (Net) 11,381.00
2 Other non-current assets 3,880.00
Total of other non-current assets 15,261.00
Total non-current assets 1,77,389.00
2 Current assets
Inventories 0.00
Current financial asset
Current investments 12,008.00
Trade receivables, current 50,965.00
Cash and cash equivalents 6,191.00
Bank balance other than cash and cash equivalents 8,991.00
Loans, current 176.00
Other current financial assets
Total of other current financial assets 37,998.00
Total current financial assets 1,16,329.00
Current tax assets (net) 0.00
Other current assets
1 Other Current Assets 9,727.00
Total of other current assets 9,727.00
Total current assets 1,26,056.00
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 3,03,445.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 9,922.00
Other equity 1,37,717.00
Total equity attributable to owners of parent 1,47,639.00
Non controlling interest
Total equity 1,47,639.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Lease Liabilities 39,751.00
Total of other non-current financial liabilities 39,751.00
Total non-current financial liabilities 39,751.00
Provisions, non-current 1,177.00
Deferred tax liabilities (net) 0.00
Deferred government grants, Non-current 0.00
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 40,928.00
Current liabilities
Current financial liabilities
Borrowings, current 0.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 15,647.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 75,338.00
Total Trade payable 90,985.00
Other current financial liabilities
1 Lease Liabilities 16,148.00
2 Other Financial Liabilities 3,624.00
Total of other current financial liabilities 19,772.00
Total current financial liabilities 1,10,757.00
Other current liabilities 3,337.00
1 Other Current Liabilities 3,337.00
Total of other current liabilities 3,337.00
Provisions, current 419.00
Current tax liabilities (Net) 365.00
Deferred government grants, Current 0.00
Total current liabilities 1,14,878.00
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 1,55,806.00
Total equity and liabilites 3,03,445.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Unaudited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurements of the defined benefit plans - gains/(losses) 194.00 167.00
Total Amount of items that will not be reclassified to profit and loss 194.00 167.00
2 Income tax relating to items that will not be reclassified to profit or loss 49.00 42.00
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 145.00 125.00



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 5,820.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 5,913.00
Adjustments for decrease (increase) in inventories 0.00
Adjustments for decrease (increase) in trade receivables, current 2,253.00
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (5,404.00)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 24,235.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 2,113.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 929.00
Adjustments for share-based payments 493.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 172.00
Other adjustments to reconcile profit (loss) 476.00
Other adjustments for non-cash items (573.00)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 28,749.00
Net cash flows from (used in) operations 34,569.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 8,979.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 25,590.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 31,612.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 112.00
Purchase of property, plant and equipment 7,713.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 974.00
Cash receipts from repayment of advances and loans made to other parties 514.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 449.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (20,923.00)
Net cash flows from (used in) investing activities (60,147.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 74,931.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 15,000.00
Payments of lease liabilities 20,138.00
Dividends paid 1,803.00
Interest paid 1,191.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (387.00)
Net cash flows from (used in) financing activities 36,412.00
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 1,855.00
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 1,855.00
Cash and cash equivalents cash flow statement at beginning of period 4,336.00
Cash and cash equivalents cash flow statement at end of period 6,191.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M/s Deloitte Haskins and Sells LLP Yes 31-07-2027


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising Rights Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 11-07-2025
Amount Raised 74,927.00
Report filed for Quarter ended 31-03-2026
Monitoring Agency Applicable
Monitoring Agency Name, if applicable CARE RATINGS LIMITED
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation Not Applicable
Comments of the Audit Committee after review The Board noted that utilization is in line with the objects of the rights issue.
Comments of the auditors, if any
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Repayment and/or prepayment, in full or part, of all or a portion of certain borrowings availed by our Company and certain Subsidiaries Nil 55,630.00 0.00 55,793.00 0.00 Since the actual spending on issue expenses was lower than the estimate provided in the Offer Document by Rs. 1.63 crore, the unutilised amount has been utilised towards repayment of WCDL in accordance with the offer document in FY26.
2 Issue related expenses Nil 620.00 0.00 457.00 0.00 Since the actual spending on issue expenses was lower than the estimate provided in the Offer Document by Rs. 1.63 crore, the unutilised amount has been utilised towards repayment of WCDL in accordance with the offer document in FY26.
3 General Corporate Purpose (GCP) Nil 18,677.00 0.00 10,077.00 0.00 Out of issue proceeds Rs 10.31 crore were utilized during Q4FY26 for capital expenditure payments to vendors as per the objects of the issue. The balance funds would be utilised for General Corporate Purpose in future periods as per business requirement.


Signatory Details

Name of signatory Isha Dalal
Designation of person Chief Financial Officer
Place Mumbai
Date 23-04-2026




Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 MAHINDRA LOGISTICS LIMITED MAHINDRA DEFENCE SYSTEMS LIMITED A subsidary of a holding company to which it is also a subsidary Sale of goods or services 1,000.00 Approved 39.00 73.00 18.00
2 MAHINDRA LOGISTICS LIMITED MAHINDRA ELECTRIC AUTOMOBILE LIMITED A subsidary of a holding company to which it is also a subsidary Sale of goods or services 13,200.00 Approved 5,338.00 627.00 915.00
3 MAHINDRA LOGISTICS LIMITED MAHINDRA HOLIDAYS AND RESORTS INDIA LIMITED A subsidary of a holding company to which it is also a subsidary Sale of goods or services 250.00 Approved 0.00 0.00 0.00 Textual Information(1)
4 MAHINDRA LOGISTICS LIMITED MAHINDRA ACCELO LIMITED A subsidary of a holding company to which it is also a subsidary Sale of goods or services 7,500.00 Approved 807.00 722.00 786.00
5 MAHINDRA LOGISTICS LIMITED SWARAJ ENGINES LIMITED A subsidary of a holding company to which it is also a subsidary Sale of goods or services 500.00 Approved 36.00 0.00 8.00 Textual Information(2)
6 MAHINDRA LOGISTICS LIMITED GROMAX AGRI EQUIPMENT LIMITED A subsidary of a holding company to which it is also a subsidary Sale of goods or services 1,500.00 Approved 402.00 145.00 311.00
7 MAHINDRA LOGISTICS LIMITED MAHINDRA MSTC RECYCLING PRIVATE LIMITED A subsidary of a holding company to which it is also a subsidary Sale of goods or services 200.00 Approved 0.00 0.00 0.00 Textual Information(3)
8 MAHINDRA LOGISTICS LIMITED NBS INTERNATIONAL LIMITED A subsidary of a holding company to which it is also a subsidary Purchase of goods or services 100.00 Approved 0.00 0.00 0.00 Textual Information(4)
9 MAHINDRA LOGISTICS LIMITED NBS INTERNATIONAL LIMITED A subsidary of a holding company to which it is also a subsidary Sale of goods or services 100.00 Approved 0.00 0.00 0.00 Textual Information(5)
10 MAHINDRA LOGISTICS LIMITED MAHINDRA LAST MILE MOBILITY LIMITED A subsidary of a holding company to which it is also a subsidary Sale of goods or services 25,000.00 Approved 10,728.00 2,646.00 1,983.00
11 MAHINDRA LOGISTICS LIMITED MAHINDRA LAST MILE MOBILITY LIMITED A subsidary of a holding company to which it is also a subsidary Any other transaction Reimbursement to parties 200.00 Approved 5.00 0.00 0.00 Textual Information(6)
12 MAHINDRA LOGISTICS LIMITED MAHINDRA AND MAHINDRA LIMITED Holding & Promoter Company Sale of goods or services 3,50,000.00 Approved 1,87,696.00 39,261.00 34,405.00
13 MAHINDRA LOGISTICS LIMITED MAHINDRA AND MAHINDRA LIMITED Holding & Promoter Company Any other transaction Reimbursement from parties 700.00 Approved (7.00) 0.00 0.00
14 MAHINDRA LOGISTICS LIMITED MAHINDRA AND MAHINDRA LIMITED Holding & Promoter Company Purchase of goods or services 500.00 Approved 103.00 256.00 532.00
15 MAHINDRA LOGISTICS LIMITED MAHINDRA AND MAHINDRA LIMITED Holding & Promoter Company Any other transaction Reimbursement to parties 2,000.00 Approved 700.00 0.00 0.00
16 MAHINDRA LOGISTICS LIMITED MAHINDRA AND MAHINDRA LIMITED Holding & Promoter Company Purchase of fixed assets 4,500.00 Approved 518.00 0.00 0.00
17 MAHINDRA LOGISTICS LIMITED 2 X 2 LOGISTICS PRIVATE LIMITED Subsidiary Company Any other transaction Reimbursement from parties 50.00 Approved 7.00 2.00 1.00
18 MAHINDRA LOGISTICS LIMITED 2 X 2 LOGISTICS PRIVATE LIMITED Subsidiary Company Inter-corporate deposit 1,106.00 Approved 724.00 0.00 724.00 Inter-corporate deposit 10.0 3 years Unsecured Capital Expenditure for purchase of fleets/vehicles by 2x2 Textual Information(7)
19 MAHINDRA LOGISTICS LIMITED 2 X 2 LOGISTICS PRIVATE LIMITED Subsidiary Company Any other transaction Intercorporate deposit repaid from party 440.00 Approved 140.00 148.00 0.00
20 MAHINDRA LOGISTICS LIMITED 2 X 2 LOGISTICS PRIVATE LIMITED Subsidiary Company Purchase of goods or services 12,000.00 Approved 6,271.00 845.00 1,020.00
21 MAHINDRA LOGISTICS LIMITED 2 X 2 LOGISTICS PRIVATE LIMITED Subsidiary Company Interest received 73.00 Approved 18.00 0.00 0.00
22 MAHINDRA LOGISTICS LIMITED BRAINBEES SOLUTIONS LIMITED Associate of Holding Company Sale of goods or services 0.00 Approved 0.00 45.00 45.00
23 MAHINDRA LOGISTICS LIMITED CLASSIC LEGENDS PRIVATE LIMITED A subsidary of a holding company to which it is also a subsidary Sale of goods or services 500.00 Approved 16.00 0.00 0.00 Textual Information(8)
24 MAHINDRA LOGISTICS LIMITED LORDS FREIGHT (INDIA) PRIVATE LIMITED Subsidiary Company Any other transaction Reimbursement from parties 500.00 Approved 194.00 146.00 190.00
25 MAHINDRA LOGISTICS LIMITED LORDS FREIGHT (INDIA) PRIVATE LIMITED Subsidiary Company Any other transaction Reimbursement to parties 100.00 Approved 11.00 2.00 2.00
26 MAHINDRA LOGISTICS LIMITED ZIPZAP LOGISTICS PRIVATE LIMITED Subsidiary Company Sale of goods or services 1,000.00 Approved 136.00 1,243.00 187.00
27 MAHINDRA LOGISTICS LIMITED ZIPZAP LOGISTICS PRIVATE LIMITED Subsidiary Company Purchase of goods or services 12,000.00 Approved 2,989.00 855.00 807.00
28 MAHINDRA LOGISTICS LIMITED ZIPZAP LOGISTICS PRIVATE LIMITED Subsidiary Company Any other transaction Reimbursement from parties 500.00 Approved 25.00 11.00 0.00
29 MAHINDRA LOGISTICS LIMITED ZIPZAP LOGISTICS PRIVATE LIMITED Subsidiary Company Any other transaction Reimbursement to parties 200.00 Approved 18.00 18.00 0.00
30 MAHINDRA LOGISTICS LIMITED MLL EXPRESS SERVICES PRIVATE LIMITED Subsidiary Company Sale of goods or services 3,000.00 Approved 66.00 0.00 0.00
31 MAHINDRA LOGISTICS LIMITED MLL EXPRESS SERVICES PRIVATE LIMITED Subsidiary Company Any other transaction Reimbursement from parties 1,100.00 Approved 522.00 602.00 982.00
32 MAHINDRA LOGISTICS LIMITED MLL EXPRESS SERVICES PRIVATE LIMITED Subsidiary Company Purchase of goods or services 13,000.00 Approved 119.00 512.00 485.00
33 MAHINDRA LOGISTICS LIMITED MLL EXPRESS SERVICES PRIVATE LIMITED Subsidiary Company Any other transaction Reimbursement to parties 200.00 Approved 58.00 0.00 0.00
34 MAHINDRA LOGISTICS LIMITED MLL EXPRESS SERVICES PRIVATE LIMITED Subsidiary Company Investment 31,400.00 Approved 5,000.00 0.00 0.00 Investment 0 Not Applicable Unsecured For supporting working capital requirements and to mitigate any cash flow mismatch in the normal course of its business for general and corporate purpose.
35 MAHINDRA LOGISTICS LIMITED MLL MOBILITY PRIVATE LIMITED Subsidiary Company Any other transaction Reimbursement from parties 600.00 Approved 162.00 46.00 28.00
36 MAHINDRA LOGISTICS LIMITED MLL MOBILITY PRIVATE LIMITED Subsidiary Company Purchase of goods or services 2,000.00 Approved 809.00 240.00 222.00
37 MAHINDRA LOGISTICS LIMITED CIE AUTOMOTIVE INDIA LIMITED Associate of Holding Company Sale of goods or services 2,000.00 Approved 598.00 243.00 248.00
38 MAHINDRA LOGISTICS LIMITED MAHINDRA SOLARIZE PRIVATE LIMITED A subsidary of a holding company to which it is also a subsidary Sale of goods or services 200.00 Approved 34.00 13.00 1.00
39 MAHINDRA LOGISTICS LIMITED IVC LOGISTICS LIMITED Joint Venture/Investor of Subsidiary Company Purchase of goods or services 6,000.00 Approved 3,777.00 141.00 803.00
40 MAHINDRA LOGISTICS LIMITED SEINO MLL LOGISTICS PRIVATE LIMITED Joint Venture Any other transaction Reimbursement from parties 500.00 Approved 4.00 1.00 2.00
41 MAHINDRA LOGISTICS LIMITED MAHINDRA & MAHINDRA FINANCIAL SERVICES LIMITED A subsidary of a holding company to which it is also a subsidary Purchase of goods or services 1,200.00 Approved 11.00 4.00 3.00
42 MAHINDRA LOGISTICS LIMITED Golde Pune Automotive India, Pvt Ltd. Associate of Holding Company Sale of goods or services 500.00 Approved 342.00 97.00 200.00
43 MAHINDRA LOGISTICS LIMITED Mahindra University Associate of Holding Company Purchase of goods or services 100.00 Approved 19.00 7.00 6.00 Textual Information(9)
44 MAHINDRA LOGISTICS LIMITED Mahindra Logistics Limited Gratuity Scheme Post Employment Benefit Plan Any other transaction Contribution to trust - post retirement benefit 700.00 Approved 358.00 0.00 0.00
45 MAHINDRA LOGISTICS LIMITED MLL MOBILITY PRIVATE LIMITED Subsidiary Company Any other transaction Reimbursement to parties 100.00 Approved 3.00 0.00 0.00
46 MAHINDRA LOGISTICS LIMITED 2 X 2 LOGISTICS PRIVATE LIMITED Subsidiary Company Any other transaction Reimbursement to parties 100.00 Approved 0.00 0.00 0.00 Textual Information(10)
47 MAHINDRA LOGISTICS LIMITED Mahindra & Mahindra Financial Services Limited A subsidary of a holding company to which it is also a subsidary Any other transaction Reimbursement from parties 100.00 Approved 6.00 0.00 6.00
48 2 X 2 LOGISTICS PRIVATE LIMITED IVC LOGISTICS LIMITED Joint Venture/ Investor Company Sale of goods or services 2,000.00 Approved 116.00 6.00 51.00
49 2 X 2 LOGISTICS PRIVATE LIMITED IVC LOGISTICS LIMITED Joint Venture/ Investor Company Any other transaction Reimbursement to Parties 100.00 Approved 22.00 3.00 592.00
50 2 X 2 LOGISTICS PRIVATE LIMITED IVC LOGISTICS LIMITED Joint Venture/ Investor Company Any other transaction Intercorporate deposit repaid to party 0.00 Approved 110.00 118.00 0.00
51 2 X 2 LOGISTICS PRIVATE LIMITED IVC LOGISTICS LIMITED Joint Venture/ Investor Company Interest paid 59.00 Approved 15.00 0.00 0.00
52 2 X 2 LOGISTICS PRIVATE LIMITED IVC LOGISTICS LIMITED Joint Venture/ Investor Company Inter-corporate deposit 905.00 Approved 724.00 0.00 0.00 Inter-corporate deposit 10.0 3 years Unsecured Capital Expenditure for purchase of fleets/vehicles by 2x2 Textual Information(11)
53 2 X 2 LOGISTICS PRIVATE LIMITED MAHINDRA AND MAHINDRA LIMITED Ultimate Holding Company Purchase of goods or services 280.00 Approved 93.00 0.00 1.00 Textual Information(12)
54 2 X 2 LOGISTICS PRIVATE LIMITED MAHINDRA AND MAHINDRA LIMITED Ultimate Holding Company Any other transaction Reimbursement to parties 5.00 Approved 0.00 0.00 0.00 Textual Information(13)
55 2 X 2 LOGISTICS PRIVATE LIMITED MAHINDRA AND MAHINDRA LIMITED Ultimate Holding Company Purchase of fixed assets 7,100.00 Approved 1,094.00 0.00 0.00
56 LORDS FREIGHT (INDIA) PRIVATE LIMITED Mahindra & Mahindra Limited Ultimate Holding Company Sale of goods or services 2,500.00 Approved 1,053.00 249.00 549.00
57 LORDS FREIGHT (INDIA) PRIVATE LIMITED Mahindra Electric Automobile Limited A subsidary of a holding company to which it is also a subsidary Sale of goods or services 0.00 Not Applicable 337.00 40.00 189.00
58 LORDS FREIGHT (INDIA) PRIVATE LIMITED Mahindra Last Mile Mobility Limited A subsidary of a holding company to which it is also a subsidary Sale of goods or services 0.00 Not Applicable 1.00 0.00 0.00 Textual Information(14)
59 LORDS FREIGHT (INDIA) PRIVATE LIMITED Classic Legends Private Limited Fellow Subsidiary Company Sale of goods or services 0.00 Not Applicable 16.00 0.00 0.00
60 LORDS FREIGHT (INDIA) PRIVATE LIMITED Mahindra Defence Systems Limited A subsidary of a holding company to which it is also a subsidary Sale of goods or services 0.00 Not Applicable 8.00 24.00 2.00
61 LORDS FREIGHT (INDIA) PRIVATE LIMITED MAHINDRA AGRI SOLUTIONS LIMITED Fellow Subsidiary Company Sale of goods or services 0.00 Not Applicable 7.00 0.00 0.00
62 LORDS FREIGHT (INDIA) PRIVATE LIMITED Life Insurance Corporation of India Post-Employment Benefit Plan Any other transaction Contribution to trust - post retirement benefit 0.00 Not Applicable 1.00 0.00 0.00
63 LORDS FREIGHT (INDIA) PRIVATE LIMITED Lords Freight (India) Private Limited Employees Group Gratuity Scheme Post-Employment Benefit Plan Any other transaction Contribution to trust - post retirement benefit 0.00 Not Applicable 14.00 0.00 0.00
64 MLL EXPRESS SERVICES PRIVATE LIMITED Mahindra & Mahindra Limited Ultimate Holding Company Sale of goods or services 21,000.00 Approved 8,526.00 1,678.00 4,589.00
65 MLL EXPRESS SERVICES PRIVATE LIMITED Mahindra & Mahindra Limited Ultimate Holding Company Any other transaction Reimbursement to Parties 10.00 Approved 2.00 0.00 2.00
66 MLL EXPRESS SERVICES PRIVATE LIMITED Seino MLL Logistics Private Limited a subsidiary of a�holding company�to which it is also a subsidiary Sale of goods or services 0.00 Not Applicable 1.00 0.00 1.00
67 MLL EXPRESS SERVICES PRIVATE LIMITED MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED A subsidary of a holding company to which it is also a subsidary Purchase of goods or services 0.00 Not Applicable 6.00 1.00 1.00
68 MLL EXPRESS SERVICES PRIVATE LIMITED Tech Mahindra Limited Associate of Holding Company Purchase of goods or services 0.00 Not Applicable 147.00 112.00 44.00
69 MLL Mobility Private Limited Lords Freight India Pvt Ltd A subsidary of a holding company to which it is also a subsidary Sale of goods or services 0.00 Not Applicable 6.00 2.00 3.00
70 MLL Mobility Private Limited Mahindra & Mahindra Limited Ultimate Holding Company Purchase of goods or services 30.00 Approved 0.00 4.00 33.00
71 MLL Mobility Private Limited Mahindra & Mahindra Limited Ultimate Holding Company Purchase of fixed assets 2,000.00 Approved 0.00 345.00 0.00
72 MLL Mobility Private Limited Mahindra & Mahindra Limited Ultimate Holding Company Any other transaction Reimbursement to Parties 250.00 Approved 89.00 0.00 0.00
73 MLL Mobility Private Limited Mahindra & Mahindra Limited Ultimate Holding Company Sale of goods or services 9,500.00 Approved 7,517.00 1,173.00 2,585.00
74 MLL Mobility Private Limited Mahindra & Mahindra Limited Ultimate Holding Company Any other transaction Reimbursement from Parties 100.00 Approved 0.00 0.00 0.00 Textual Information(15)
75 MLL Mobility Private Limited MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED A subsidary of a holding company to which it is also a subsidary Purchase of goods or services 0.00 Not Applicable 4.00 1.00 1.00
76 MLL Mobility Private Limited NBS International Limited A subsidary of a holding company to which it is also a subsidary Purchase of goods or services 0.00 Not Applicable 0.00 0.00 0.00 Textual Information(16)
77 MLL Mobility Private Limited Tech Mahindra Ltd Associate of Holding Company Sale of goods or services 0.00 Not Applicable 1,090.00 289.00 332.00
78 MLL Mobility Private Limited MLL Express Services Private Limited A subsidary of a holding company to which it is also a subsidary Sale of goods or services 0.00 Not Applicable 25.00 4.00 9.00
79 MLL Mobility Private Limited Mahindra World City Developers Limited A subsidary of a holding company to which it is also a subsidary Sale of goods or services 0.00 Not Applicable 9.00 3.00 5.00
80 MLL Mobility Private Limited SEINO MLL LOGISTICS PRIVATE LIMITED Joint Venture of the Holding Company Sale of goods or services 0.00 Not Applicable 9.00 0.00 1.00
81 ZIPZAP Logistics Private Limited MLL EXPRESS SERVICES PRIVATE LIMITED (FORMERLY KNOWN AS MERU TRAVEL SOLUTIONS PRIVATE LIMITED) A subsidary of a holding company to which it is also a subsidary Sale of goods or services 0.00 Not Applicable 0.00 1.00 0.00
82 ZIPZAP Logistics Private Limited Mahindra and Mahindra Limited Ultimate Holding Company Any other transaction Reimbursement to parties 0.00 Not Applicable 0.00 0.00 0.00 Textual Information(17)
83 V-LINK FREIGHT SERVICES PRIVATE LIMITED LORDS FREIGHT (INDIA) PRIVATE LIMITED A subsidary of a holding company to which it is also a subsidary Any other transaction Reimbursement from parties 20.00 Approved 8.00 (1.00) 0.00
Total value of transaction during the reporting period 2,49,852.00



Text Block

Textual Information(1) 0.00 in opening and closing balance represents amount less than Rs.50,000
Textual Information(2) 0.00 in opening balance represents amount less than Rs.50,000
Textual Information(3) 0.00 in opening balance represents amount less than Rs.50,000
Textual Information(4) 0.00 in transaction and opening balance represents amount less than Rs.50,000
Textual Information(5) 0.00 in closing balance represents amount less than Rs.50,000
Textual Information(6) 0.00 in opening and closing balance represents amount less than Rs.50,000
Textual Information(7) linked to 3 months T-Bill (3 months T-bill i.e 5.22% + 278bps) upto a maximum of 10% p.a., with reset every 6 months
Textual Information(8) 0.00 in closing balance represents amount less than Rs. 50,000
Textual Information(9) Ceased to be a Related Party w.e.f. 26-12-2025
Textual Information(10) 0.00 in transaction represents amount less than Rs. 50,000
Textual Information(11) linked to 3 months T-Bill (3 months T-bill i.e 5.22% + 278bps) upto a maximum of 10% p.a., with reset every 6 months
Textual Information(12) 0.00 in opening balance represents amount less than Rs.50,000
Textual Information(13) 0.00 in transactions represents amount less than Rs.50,000
Textual Information(14) 0.00 in opening balance represents amount less than Rs.50,000
Textual Information(15) 0.00 in transaction represents amount less than Rs. 50,000
Textual Information(16) 0.00 in opening balance represents amount less than Rs.50,000
Textual Information(17) 0.00 in transaction and closing balance represents amount less than Rs. 50,000