Mahindra Logistics invests in subsidiary, approves Q2 and H1 2025 results

Mahindra Logistics Limited’s board of directors, at their meeting on October 27, 2025, approved an investment of up to INR 50 crores in MLL Express Services Private Limited (MESPL), a wholly-owned subsidiary. This investment will be made through the subscription of up to 5,00,00,000 equity shares of INR 10 each via a rights issue, with the full amount payable in cash upon application. The transaction will maintain MESPL as a 100% wholly-owned subsidiary of Mahindra Logistics. MESPL provides B2B express logistics services under the brand "Rivigo by Mahindra Logistics," and reported a turnover of INR 363.83 crores for the financial year ended March 31, 2025. The capital infusion aims to meet working capital requirements, support continuing operations, and serve general corporate purposes for MESPL.

The board also approved the unaudited consolidated and standalone financial results for the second quarter and half year ended September 30, 2025. The standalone profit after tax for the quarter was INR 3.79 crores, and for the half year, it was INR 10.23 crores. The consolidated profit/loss after tax for the quarter was a loss of INR 8.36 crores, and for the half year, a loss of INR 17.80 crores. Additionally, the company granted 2,74,596 Restricted Stock Units under its 2018 plan and completed a rights issue of 2,70,49,301 fully paid-up equity shares at INR 277 per share, raising INR 749.27 crores for debt repayment and corporate purposes.