Mahindra Logistics: CARE Ratings confirms no deviation in \u20b9749.27 Cr Rights Issue fund use

Mahindra Logistics Ltd has submitted the Monitoring Agency Report by CARE Ratings Limited for the quarter ended March 31, 2026. The report confirms that the proceeds from the \u20b9749.27 crore Rights Issue, which took place from July 31 to August 14, 2025, have been utilized appropriately for the objects mentioned in the offer document. CARE Ratings declared "Nil" deviation from the stated objects, affirming proper fund deployment as per SEBI regulations.