Mahindra Logistics Limited — Board/Management Information 2021

Mar 8, 2021

Our Ref: MLLSEC/39/2021

8 March 2021

To, BSE Limited, (Scrip Code: 540768) Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400 001.

National Stock Exchange of India Ltd., (Symbol: MAHLOG) Exchange Plaza, 5th Floor, Plot No. C/1, "G" Block, Bandra -Kurla Complex, Bandra (East), Mumbai – 400 051.

Dear Sirs,

Sub: Changes in Directors - Disclosure under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations")

Pursuant to the provisions of Regulation 30 read with Schedule III of the Listing Regulations, we inform you that the Nomination and Remuneration Committee and the Board of Directors of Mahindra Logistics Limited ("the Company") at their respective meetings held today have noted the resignation submitted by Mr. V S Parthasarathy (DIN: 00125299) from the position of Chairman and Non-Executive Director of the Company with effect from 2nd April, 2021. Consequently, Mr. V S Parthasarathy shall also cease to be Member of the Nomination and Remuneration Committee of the Board effective 2nd April 2021.

Further, based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors have at the said meeting, approved the appointment of Dr. Anish Shah (DIN: 02719429), as an Additional Director (Non-Executive and Non Independent) of the Company with effect from 2 nd April, 2021 to hold office up to the date of the next Annual General Meeting of the Company and as the Chairman of the Board of Directors of the Company, with effect from 2nd April, 2021.

The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015, including the brief profile of the above Director (in case of appointment) are given in Annexure A and B to this letter.

The Press Release being issued in this regard is attached herewith, as Annexure C.

Maltindra Logistics Limited Unit Na_ 3 & 4, 7" Floor, Techniplex 2.. Tecimiplex Complex, Veer 5 avarkar Marg, Goreguon (West)._ S timbal - 400 062

Tel : + 91 22 23713300 Toil Free 1300 258 6737 Makinciralogistirsx orn

Regd Office tylahindra Towers, P. K. Kume Chow Work. Mumbai - 400 018

L63000M112007PLC17346.6

This intimation is also being uploaded on Company's website http://www.mahindralogistics.com.

Kindly take the same on record and acknowledge receipt.

Thanking you,

Yours faithfully, For Mahindra Logistics Limited, Brijbala Mohanlal Batwal Digitally signed by Brijbala Mohanlal Batwal Date: 2021.03.08 12:55:07

Brijbala Batwal Company Secretary +05'30'

Enclosures: As above

Details of resignation of Mr. V S Parthasarathy (DIN: 00125299) as required under Regulation 30(6) read with Schedule III Part A Para A(7) of the Listing Regulations and SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9 September 2015:

Sr.	Details of events that needs to be	Information of such event(s)
No	provided
1.	Reasonforchangeviz.	Mr. V S Parthasarathy has stepped down from the
	appointment, resignation,removal,	position of Non-Executive Director and Chairman of
	death or otherwise;	the Board of the Company.
2.	Date of appointment/cessation (as	nd April, 20212
	applicable)andtermof
	appointment
3.	BriefProfile(incaseof	Not Applicable
	appointment)
4.	Disclosureofrelationships	Not Applicable
	betweendirectors(incaseof
	appointment of a director)
5.	Information required pursuant to	Not Applicable
	BSECircularno.
	LIST/COMP/14/2018-19 and NSE
	CircularNo.NSE/CML/2018/24
	dated 20 June 2018.

mahindro LOGISTICS

Annexure B

Details of appointment of Dr. Anish Shah (DIN: 02719429) as required under Regulation 30(6) read with Schedule III Part A Para A(7) of the Listing Regulations and SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9 September 2015:

Sr.No	Details of events that needs to beprovided	Information of such event(s)
1.	Reasonforchangeviz.appointment, resignation, removal,death or otherwise;	Appointment of Dr. Anish Shah as an Additional Director(Non-Executive and Non Independent) of the Companywith effect from 2nd April, 2021 to hold office up to thedate of the ensuing Annual General Meeting of theCompany or the last date on which the AGM of theCompany should have been held, whichever is earlier.
2.	Date of appointment/cessation (asapplicable)andtermofappointment	Date of Appointment as Additional Director and NonExecutive Chairman: 2nd April, 2021Term of Appointment as Additional Director: From 2nd
		April, 2021 to hold office up to the date of the nextAnnual General Meeting of the Company or the last dateon which the AGM of the Company should have beenheld, whichever is earlier.
3.	BriefProfile(incaseofappointment)	Dr. Anish Shah is currently the Deputy Managing Directorand Group CFO ofMahindra & Mahindra ("M&M")Limited, with responsibility for the Group CorporateOffice and full oversight of all businesses other than theAuto and Farm sectors.
		He is designated to take over as the Managing Directorand CEO of M&M Limited from 2nd April, 2021.
		His prior role was Group President (Strategy), where heled strategy development; built capabilities such asdigitization and data sciences; enabled synergies acrossGroup companies and managed the Risk and performancereview organisations.
		Dr. Anish Shah is also a Director on the Board of otherlisted companies of the Mahindra Group (including TechMahindra Limited, Mahindra & Mahindra FinancialServices Limited, Mahindra Lifespace Developers Limitedand Mahindra Holidays & Resorts India Limited).
		Dr. Shah was President and CEO of GE Capital India from2009-14, where he led the transformation of the business,including a turnaround of its SBI Card joint venture. Hiscareer at GE spanned 14 years, during which he heldseveral leadership positions at GE Capital's US and globalunits. As Director, Global Mortgage, he worked across 33

mahindro LOGISTICS

		countries to drive growth and manage risk. As Senior VicePresident (Marketing and Product Development) at GEMortgage Insurance, he led various growth initiatives andplayed a key role in preparing the business for an IPO, asa spinoff from GE. In his initial years with GE, Dr. AnishShah also led Strategy, eCommerce and Sales ForceEffectiveness and had the unique experience of running adot-com business within GE. Dr. Anish Shah also receivedGE's prestigious Lewis Latimer Award for outstandingutilisation of Six Sigma in developing a "Digital Cockpit."He also has diverse experience with global businessesbeyond GE. He led Bank of America's US Debit Productsbusiness, where he launched an innovative rewardsprogram, led numerous initiatives in payment technologyand worked closely with various teams across the Bank toenhance value for the customer.As a strategy consultant at Bain & Company in Boston, heworked across multiple industries, including banking, oilrigs, paper, paint, steam boilers and medical equipment.His first role was with Citibank in Mumbai, where heissued bank guarantees and letters of credit as AssistantManager, Trade Services.Dr. Anish Shah holds a Ph.D from Carnegie Mellon'sTepper School of Business where his doctoral thesis wasin the field of Corporate Governance. He also received aMaster's degree from Carnegie Mellon and has a postgraduate diploma in Management from the Indian
		Institute of Management, Ahmedabad. He has receivedvariousscholarships,includingthe William LatimerMellonScholarship,IndustryScholarshipatIIMA,National Talent Search and Sir Dorabji Tata Trust.
4.	Disclosureofrelationshipsbetweendirectors(incaseof	Dr. Anish Shah is not related inter-se to any other Directorof the Company.
5.	appointment of a director)Information required pursuant toBSECircularno.LIST/COMP/14/2018-19 and NSECircularNo.NSE/CML/2018/24dated 20 June 2018.	Dr. Anish Shah is not debarred from holding the office ofdirector on account of any order of SEBI or any other suchauthority.

Annexure C

PRESS RELEASE

Mahindra Logistics Ltd.'s Board appoints Dr. Anish Shah as Chairman

Mumbai, March 8th, 2021: Mahindra Logistics Limited (MLL), a leading provider of logistics and people transport services, today announced the appointment of Dr. Anish Shah as the Chairman of the Board, effective 2nd April 2021. Dr. Shah will join the Board of Directors of the Company on the same date. He is the Deputy Managing Director and Group CFO of Mahindra & Mahindra (M&M) Limited. He is designated to take over as the Managing Director and CEO of M&M Limited from April 2nd, 2021.

Mr. V. S. Parthasarathy (President - Mobility Services Sector and Member of the Mahindra Group Executive Board) has decided to leave the Mahindra Group to pursue personal interests. He desires to consult, mentor, build and scale businesses and initiatives across business, education and society in the next phase of his career. Parthasarathy will resign from the Board of Mahindra Logistics Limited (MLL) with effect from 2nd April 2021.

Dr. Shah will take over as Chairman of the MLL Board with effect from 2nd April 2021, given the importance of logistics and mobility services which are key growth areas for the Mahindra Group.

Commenting on the change, Mr. Darius Pandole, Chairman of the Nomination and Remuneration Committee of the Board said, "We would like to thank Mr. Parthasarathy for his contributions as the Chairman of the Board and welcome Dr. Anish Shah as the incoming Chairman. MLL is well poised to continue its growth strategy under the leadership of Rampraveen Swaminathan and the management team. We are confident that this will be further accelerated under Anish's Chairmanship on the Board".

About Mahindra Logistics

Mahindra Logistics Limited (MLL) is an integrated third-party logistics (3PL) service provider, specializing in supply chain management and enterprise mobility (people transport solutions). Founded more than a decade ago, MLL serves over 400+ corporate customers across various industries like Automobile, Engineering, Consumer Goods and E-commerce. The Company pursues an "asset-light" business model, providing customised and technology enabled solutions that span across the supply chain and people transport operations. MLL is part of the Mobility Services Sector of the Mahindra Group.

For more information, visit www.mahindralogistics.com About Mahindra

The Mahindra Group is a USD 19.4 billion federation of companies that enables people to rise through innovative mobility solutions, driving rural prosperity, enhancing urban living, nurturing new businesses and fostering communities. It has a leadership position in utility vehicles, information technology, financial services and vacation ownership in India and is the world's largest tractor company, by volume. It also enjoys a strong presence in agribusiness, components, commercial vehicles, consulting services, energy, industrial equipment, logistics, real estate, steel, aerospace, defence and two wheelers. Headquartered in India, Mahindra employs over 200,000 people across 100 countries.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise

Page 6 of 6

******