Mahindra Logistics Limited Mr. Sunish Sharma Resigned the Non-Executive Nominee Director of the Company

Mahindra Logistics Limited Mr. Sunish Sharma Resigned the Non-Executive Nominee Director of the Company

 

Pursuant to the Investment Agreement executed between Mahindra and Mahindra Limited, the
Company, Normandy Holdings Limited (“Normandy”) and Kedaara Capital Alternative Investment
Fund – Kedaara Capital AIF 1 (“Kedaara”), Normandy and Kedaara are collectively referred to as
“Investors”, the Investors had a right to nominate one Director on Board of the Company basis their
shareholding in the Company.

Consequent to the sale of the entire shareholding in the Company by the Investors, Mr. Sunish Sharma, Non-Executive Nominee Director in consultation with the Investors, has tendered his resignation from the Board of the Company with effect from 6 June 2019.

We wish to place on record appreciation for the valuable inputs provided by Mr. Sunish Sharma, while
on the Board of the Company.

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