GST Department appeals against Patel Integrated Logistics order

0 min read Updated on 14 Jul 2026, 08:29 PM

Reviewed by

Naman SScanX News Team

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The GST Department has filed an appeal against the Order-in-Original dated February 4, 2025, issued by the Directorate General of GST Intelligence, Mumbai Zonal Unit, concerning Patel Integrated Logistics Limited. The company received a communication from the Office of the Commissioner of CGST & Central Excise (Appeals), Thane, Mumbai, regarding this appeal. The company stated it is taking appropriate legal steps and will inform the stock exchanges of further material developments.

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The GST Department has filed an appeal against the Order-in-Original dated February 4, 2025, issued by the Directorate General of GST Intelligence, Mumbai Zonal Unit, concerning Patel Integrated Logistics Limited . The company received a communication from the Office of the Commissioner of CGST & Central Excise (Appeals), Thane, Mumbai, intimating the department's decision to challenge the earlier order. This development follows the company's previous disclosure on February 5, 2025, regarding the original order.

The company is taking appropriate legal steps in response to the appeal. It stated that it will continue to keep the stock exchanges informed of any further material developments as and when required, in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted to BSE Ltd. and National Stock Exchange of India Limited.

Entity	Detail
Order-in-Original Date	February 4, 2025
Appellate Authority	Office of the Commissioner of CGST & Central Excise (Appeals), Thane, Mumbai
Original Authority	Directorate General of GST Intelligence, Mumbai Zonal Unit
Regulation	SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Historical Stock Returns for Patel Integrated Logistic

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.21%	-5.61%	-0.27%	+17.95%	-18.61%	-1.55%

What is the estimated financial liability if the department's appeal against the original order is successful?

How might the prolonged legal proceedings impact Patel Integrated Logistics' short-term liquidity and operational cash flow?

Could this appeal trigger a broader review of the company's past GST compliance practices by authorities in other jurisdictions?

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Patel Integrated Logistics revises shareholder transactions in buyback offer

1 min read Updated on 12 Jul 2026, 10:18 AM

Reviewed by

Shriram SScanX News Team

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Patel Integrated Logistics Ltd issued a corrigendum dated July 9, 2026, to its Letter of Offer for the buyback of 54,00,000 equity shares at ₹20 each. The update revises the table in paragraph 6.6, detailing market transactions for shareholders Asgar Shakoor Patel, Mahesh Fogla, Ramakant K Kadam, and Natasha Rajesh Pillai. All other terms of the buyback under SEBI (Buy-Back of Securities) Regulations, 2018, remain unchanged.

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Patel Integrated Logistics Ltd has issued a corrigendum to its Letter of Offer dated July 2, 2026, for the buyback of 54,00,000 fully paid-up equity shares. The buyback is priced at ₹20 per share, aggregating to ₹10,80,00,000, and is being conducted through a tender offer under the SEBI (Buy-Back of Securities) Regulations, 2018. The corrigendum, dated July 9, 2026, updates specific transaction details provided in the original document.

The primary change involves the substitution of the table in paragraph 6.6 of the Letter of Offer. This table details the market transactions of specific shareholders, including the number of shares purchased or sold, the nature of the transaction, and the maximum and minimum prices along with their respective dates.

Updated Shareholder Transactions

The following table outlines the revised transaction details for the specified shareholders:

S. No.	Name of Shareholder	Aggregate No. of Shares Purchased	Nature of Transaction	Maximum Price (₹)	Date of Maximum Price	Minimum Price (₹)	Date of Minimum Price
1	Asgar Shakoor Patel	1,67,500	Market Purchase	14.66	December 31, 2025	9.50	March 16, 2026
2	Mahesh Fogla	50,000	Market Purchase	10.32	March 02, 2026	8.35	March 30, 2026
3	Ramakant K Kadam	1,000	Market Purchase	8.85	March 27, 2026	8.85	March 27, 2026
4	Natasha Rajesh Pillai	70	Market Sale	9.11	March 23, 2026	9.11	March 23, 2026

Regulatory Compliance and Availability

The corrigendum was issued pursuant to Regulation 8(i) of the SEBI (Buy-Back of Securities) Regulations. It was published on July 10, 2026, in the Financial Express, Jansatta, and Mumbai Lakshadeep newspapers. The document confirms that all other terms and information in the original Letter of Offer remain unchanged.

The corrigendum is available on the websites of the Securities and Exchange Board of India (SEBI), the stock exchanges (BSE and NSE), the company, and the Manager to the Buyback, Saffron Capital Advisors Private Limited. The Board of Directors of Patel Integrated Logistics Ltd accepts full responsibility for the accuracy of the information contained in this corrigendum.

Historical Stock Returns for Patel Integrated Logistic