Patel Integrated Logistics board to consider equity share buyback

0 min read     Updated on 18 Jun 2026, 08:03 PM
scanx
Reviewed by
Naman SScanX News Team
AI Summary

Patel Integrated Logistics Ltd will hold a board meeting on June 23, 2026, to consider a buyback of equity shares. The proposal will be evaluated under the Companies Act, 2013, and SEBI regulations. The meeting notice will be available on the company's website.

powered bylight_fuzz_icon
43338812

*this image is generated using AI for illustrative purposes only.

Patel Integrated Logistics Ltd has scheduled a meeting of its Board of Directors on June 23, 2026, to consider a proposal for the buyback of the company's equity shares. The board will evaluate the buyback, including matters related or incidental thereto, in accordance with the Companies Act, 2013, and the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018.

The meeting will be held pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. In addition to the buyback proposal, the board may consider any other matter with the permission of the Chairman.

The notice of the board meeting will be available on the company's website at www.patel-india.com . The intimation was submitted to BSE Ltd. and the National Stock Exchange of India Limited, with the BSE scrip code 526381 and NSE symbol PATINTLOG.

The filing was signed by Avinash Paul Raj, Company Secretary & Compliance Officer of Patel Integrated Logistics Ltd. A copy of the intimation has also been sent to The Calcutta Stock Exchange Ltd.

Historical Stock Returns for Patel Integrated Logistic

1 Day5 Days1 Month6 Months1 Year5 Years
+3.99%+15.38%+25.32%+9.51%-4.01%-4.26%

What is the estimated buyback price range and how does it compare to the stock's current valuation?

How will the buyback impact the company's cash reserves and debt levels?

What is the expected timeline for the completion of the buyback process?

Patel Integrated Logistic
View Company Insights
View All News
like20
dislike

Patel Integrated Logistics promoter acquires 20,000 shares

1 min read     Updated on 15 Jun 2026, 05:33 PM
scanx
Reviewed by
Naman SScanX News Team
AI Summary

Promoter Mr. Asgar Shakoor Patel acquired 20,000 equity shares of Patel Integrated Logistics Limited through an open market purchase on June 11, 2026. This transaction increased the promoter group's total holding to 36.15% of the company's paid-up share capital.

powered bylight_fuzz_icon
43070608

*this image is generated using AI for illustrative purposes only.

Patel Integrated Logistics Limited disclosed that promoter Mr. Asgar Shakoor Patel acquired 20,000 equity shares of the company, increasing the promoter group's total stake to 36.15%. The acquisition was made through an open market purchase on June 11, 2026, as per a regulatory filing submitted to the stock exchanges.

The disclosure was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to this transaction, the promoter and promoter group collectively held 2,51,35,310 equity shares, representing 36.12% of the total share capital.

Following the acquisition, the total promoter group holding stands at 2,51,55,310 equity shares. The total paid-up equity share capital of the company remains unchanged at 6,95,85,746 equity shares of ₹10 each, aggregating to ₹69,58,57,460.

Shareholding Details

The table below outlines the changes in the shareholding pattern of the promoter group following the acquisition:

Shareholder Shares Before Acquisition % Before Shares After Acquisition % After
Mr. Asgar Patel 58,36,806 8.39 58,56,806 8.42
Mrs. Yasmin Patel 0 0.00 0 0.00
Mrs. Natasha Pillai 17,07,988 2.45 17,07,988 2.45
Patel Holdings Ltd 93,06,777 13.37 93,06,777 13.37
A.S. Patel Trust 39,21,185 5.64 39,21,185 5.64
Wall Street Securities & Investments (India) Ltd 4,25,978 0.61 4,25,978 0.61
Wall street Derivatives and Financial Services India Private Limited 4,68,518 0.67 4,68,518 0.67
Natasha Construction Projects Private Limited 0 0.00 0 0.00
Arhaan Numaire Family Beneficiaries Trust 18,82,621 2.71 18,82,621 2.71
Rezan Nikita Family Beneficiaries Trust 0 0.00 0 0.00
Natasha Nishqa Tanisha Family Beneficiaries Trust 15,85,437 2.28 15,85,437 2.28
Total 2,51,35,310 36.12 2,51,55,310 36.15

The acquirer, Mr. Asgar Shakoor Patel, is part of the promoter group along with other entities and individuals listed in the filing. The company's shares are listed on BSE Ltd, National Stock Exchange of India Ltd, and The Calcutta Stock Exchange Association Ltd.

Historical Stock Returns for Patel Integrated Logistic

1 Day5 Days1 Month6 Months1 Year5 Years
+3.99%+15.38%+25.32%+9.51%-4.01%-4.26%

Does this acquisition signal the start of a broader trend to increase promoter holding beyond the current 36.15%?

How will the market interpret this move regarding the promoter's confidence in the company's future performance?

Are there plans for further open market purchases by other entities within the promoter group?

Patel Integrated Logistic
View Company Insights
View All News
like18
dislike

More News on Patel Integrated Logistic

1 Year Returns:-4.01%