Mahindra Logistics Limited (MLL) has announced that its wholly owned subsidiary, MLL Global Logistics Limited (MGL), incorporated in the United Kingdom, will be voluntarily dissolved. The decision was approved by the shareholders of MGL on March 4, 2025, and the company will now proceed with the strike-off process with the UK’s Registrar of Companies.
Key Details of the Dissolution:
- MGL was incorporated on December 6, 2022, but never commenced operations.
- The company had no turnover, revenue, income, or net worth in the last financial year.
- The dissolution process is expected to be completed by June 30, 2025.
- As a result of this process, MGL will cease to be a subsidiary of Mahindra Logistics.
Regulatory Compliance and Disclosure:
Mahindra Logistics stated that the dissolution of MGL is not a sale, lease, or disposal under a scheme of arrangement and does not involve any related party transactions. The company has made the disclosure in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and uploaded the official announcement on its website.
This move reflects Mahindra Logistics’ focus on optimizing its global operations, ensuring efficient capital allocation, and consolidating its business strategy.
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