Mahindra Logistics Director Mohammed Turra retires
Mahindra Logistics (BSE: MAHLOG) said Mohammed Turra, Director, has retired; and Hemant Sikka has resigned. The company is valued at about ₹4,268 crore.
What happened
Mahindra Logistics (BSE: MAHLOG) informed the stock exchanges on 13 November 2026 at 04:42 PM that Mohammed Turra, Director, has retired; and Hemant Sikka has resigned.
From the filing: "Hemant Sikka (DIN: 00922281) as the "Managing Director and Chief Executive Officer " and as a Director of the Company with effect from close of 15 December 2026 , and his cessation as Key Managerial Personnel of the Company under the Companies Act, 2013 and SEBI Listing Regulations , consequent to…"
Company snapshot
Mahindra Logistics is a small-cap company, with a market value of about ₹4,268 crore.
The stock last traded at ₹430, against a 52-week range of ₹275.1–₹450 (4.5% below the high).
Before this filing the shares had moved +7.8% over the month and +5.7% over three months. Average daily turnover over the last 20 sessions was about ₹37.72 crore.
Promoters held 59.54% at the end of Q2 FY27, down 0.04% points from the previous quarter. Foreign institutions owned 5.33% and domestic institutions 13.79%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q2 FY26 | 1,685 | -10.4 | -1.2 |
| Q3 FY26 | 1,898 | 3.3 | 0.33 |
| Q4 FY26 | 1,791 | 20.2 | 2.04 |
| Q1 FY27 | 2,003 | 25.4 | 2.56 |
| Q2 FY27 | 2,095 | 26.3 | 2.64 |
What history shows
This is not the company's first management change disclosure: BCEIE has 4 earlier filings of this kind on record since May 2026.
After those filings, the stock gained 2.2% on average the next trading day and was up 5.0% on average after five days (3 filings with price data).
Market-wide, 4,544 management change filings with an impact score of 50 or more saw an average next-day move of −0.0%, with 46% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 21 Jul 2026 | Management change | +2.3% | +4.4% |
| 20 Jul 2026 | Appointment Of Internal Auditor Of The Company - SEBI (Listing… | +1.0% | +8.2% |
| 30 Jun 2026 | Cessation Of Internal Auditor | +3.3% | +2.3% |
What to watch
- The appointment of a successor and any change in strategy or guidance.
In the news
Recent coverage elsewhere (links open the original publisher):
- Mahindra Logistics to host Avendus Spark investor meet on Nov 17
- Mahindra Logistics Limited (MAHLOG.NS) Seasonal returns chart
- Mahindra Logistics MAHLOG Avendus Spark Investor Meet Nov 2026
- Mahindra Logistics appoints Mohammed Turra as MD and CEO for five years, Hemant Sikka to step down
- Mahindra Logistics announces scheduled investor meetings in Mumbai
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.