Mahindra Logistics Limited — Board/Management Information 2021

Jan 29, 2021

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Our Ref: MLLSEC/11/2021

29 January 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, 5[th ] Floor, Plot No. C/1, “G” Block, Bandra -Kurla Complex, Bandra (East), Mumbai – 400 051.

Dear Sirs,

Sub: Appointment of Mr. Dhananjay Mungale as an Independent Director - Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”)

Pursuant to Regulation 30(6) read with Schedule III and other applicable provisions of the Listing Regulations, we hereby inform you that basis the recommendation of the Nomination and Remuneration Committee, the Board of Directors of Mahindra Logistics Limited (“the Company”) at their meeting held today viz. 29 January 2021 have approved the appointment of Mr. Dhananjay Mungale (DIN: 00007563) as an Additional (Independent) Director on the Board of the Company for a term commencing from 29 January 2021 up to the date of the Annual General Meeting of the Company to be held in the year 2025, subject to approval of the Members.

Other details with respect to appointment of Mr. Dhananjay Mungale 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 are attached as Annexure A to this letter.

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

Kindly take the same on record and acknowledge receipt.

Thanking you,

Yours faithfully,

For Mahindra Logistics Limited

Brijbala Digitally signed by Brijbala Mohanlal Mohanlal Batwal Batwal Date: 2021.01.29 16:45:12 +05'30'

Brijbala Batwal Company Secretary

Enclosures: As above

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Annexure A

Details with respect to appointment of Mr. Dhananjay Mungale as Independent Director 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 be provided		Information of such event(s)	Information of such event(s)	Information of such event(s)	Information of such event(s)
1.		Reason for change viz. appointment,~~resignation, removal,~~ ~~death or otherwise;~~		Basis the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company, have approved the appointment of Mr. Dhananjay Mungale (DIN:00007563) as Additional and Non-Executive Independent Director on the Board of the Company, subject to approval of the Members of the Company.
2.		Date of appointmen~~t/cessation~~(as applicable) and term of appointment	Date of Appointment Term With effect from 29 January 2021 As Additional Director: Up to the date of ensuing Annual General Meeting. As Independent Director: For a term commencing from 29 January 2021 up to the date of the Annual General Meeting of the Company to be held in 2025 (both days inclusive), not liable to retire byrotation. Approval of the Members is being sought through Postal Ballot.		Date of Appointment		Term
					With effect from 29 January 2021		As Additional Director: Up to the date of ensuing Annual General Meeting. As Independent Director: For a term commencing from 29 January 2021 up to the date of the Annual General Meeting of the Company to be held in 2025 (both days inclusive), not liable to retire byrotation.
3.		Brief Profile (in case of appointment)	Mr. Dhananjay Mungale is a member of the Institute of Chartered Accountants of India and has a Bachelor's Degree in Commerce and Law from Mumbai University. He has spent a major part of his career in corporate and investment banking in India and Europe. He was Vice President – Private Banking, Bank of America and was a Member – Executive Committee, DSP Merrill Lynch Limited. Presently, he is an advisor to various corporations in both, India and Europe. He is a Member of the National Committee of Mahindra United World College. Mr. Dhananjay Mungale is on the Board of several companies including Mahindra & Mahindra Financial Services Limited, Mahindra CIE Automotive, NOCIL, DSP Investment, Tamilnadu Petroproducts etc.

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4.	Disclosure of relationships between directors (in case of appointment of a director)	Mr. Dhananjay Mungale is not related inter-se to any other Director of the Company.
5.	Information required pursuant to BSE Circular no. LIST/COMP/14/2018-19 and NSE Circular No. NSE/CML/2018/24 dated 20 June 2018.	Mr. Dhananjay Mungale is not debarred from holding the office of Director by virtue of any SEBI order or any other such Authority.

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