Patel Integrated Logistics Limited has successfully concluded the buyback of 54,00,000 fully paid-up equity shares at a price of ₹20 per share, aggregating to ₹10.80 crore. The offer, which opened on July 6, 2026, and closed on July 10, 2026, was implemented through the tender offer route using the stock exchange mechanism.

The buyback was subscribed 5.51 times, with the registrar to the issue, Bigshare Services Private Limited, considering 3,253 valid bids for 2,97,54,390 equity shares. Of the total bids received, 39 bids were not considered as the shareholders were not eligible as on the record date of June 30, 2026. Additionally, 23,437 equity shares tendered by eligible shareholders were rejected as they were in excess of their holdings as on the record date.

Details of Acceptance

The acceptance of bids was divided into a reserved category for small shareholders and a general category. The reserved category, which had 8,10,000 shares on offer, was subscribed 6.43 times, while the general category for other eligible shareholders, with 45,90,000 shares on offer, was subscribed 5.35 times.

Settlement and Capital Structure

Settlement for valid bids was completed by the clearing corporations on July 17, 2026. Equity shares accepted in the buyback were transferred to the company's demat account on the same date, while unaccepted shares were unblocked. The extinguishment of the 54,00,000 accepted shares is expected to be completed on or before July 28, 2026.

Following the buyback, the company's issued, subscribed, and paid-up equity share capital has reduced to 6,41,85,746 equity shares amounting to ₹64,18,57,460, down from 6,95,85,746 shares amounting to ₹69,5857,460 prior to the buyback. The promoter and promoter group holding post-buyback stands at 35.00%, while foreign investors hold 65.00% of the post-buyback equity share capital.

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.