Patel Integrated Logistics revises shareholder transactions in buyback offer

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.

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

Patel Integrated Logistics Limited has opened its buyback offer for up to 54,00,000 fully paid-up equity shares at a price of ₹20 per share, aggregating to ₹10.80 crore. The offer, which represents 7.76% of the total paid-up equity share capital, is being undertaken through the tender offer route using the stock exchange mechanism to return surplus capital to shareholders.

The Buyback Committee approved the revision of the buyback price from ₹18 to ₹20 per share on June 27, 2026. The Board of Directors had initially approved the proposal on June 23, 2026. The company has filed the Letter of Offer dated July 2, 2026, with the stock exchanges.

Buyback Schedule

The buyback window opens on Monday, July 6, 2026, and closes on Friday, July 10, 2026. The Record Date for determining the eligibility of shareholders is June 30, 2026. The last date for the completion of settlement of bids by the Clearing Corporation is Friday, July 17, 2026.

Sr. No.	Activity	Date
1	Record Date	June 30, 2026
2	Buyback Opening Date	July 6, 2026
3	Buyback Closing Date	July 10, 2026
4	Settlement Date	July 17, 2026

Financial Position

The company maintains a low debt-to-equity ratio. The pre-buyback debt to total paid-up capital and free reserves ratio stands at 0.049:1 for both standalone and consolidated financials. The post-buyback ratio is projected to be 0.053:1. The buyback size represents 8.434% and 8.435% of the aggregate of the total paid-up capital and free reserves as per the latest audited standalone and consolidated financial statements for the financial year ended March 31, 2026, respectively.

Saffron Capital Advisors Private Limited is acting as the Manager to the Buyback, and Bigshare Services Private Limited is the Registrar to the Buyback. The Letter of Offer and Tender Forms are available on the websites of the company, the manager, the registrar, and the stock exchanges.