Patel integrated logistic Limited has officially disclosed the appointment of Mr. Mahesh Fogla (DIN: 05157688) as Whole-Time Director and Chief Financial Officer, following shareholder approval through postal ballot concluded on March 22, 2026. The company submitted its regulatory disclosure to BSE and NSE on March 23, 2026, under Regulation 30 of SEBI LODR.

Appointment Details and Term

Mr. Mahesh Fogla's re-designation as Whole-Time Director and CFO was approved by the Board of Directors on February 12, 2026, and subsequently ratified by shareholders through the postal ballot process. His appointment term spans three years, commencing from February 12, 2026, and concluding on February 11, 2029.

Professional Profile and Qualifications

Mr. Fogla brings extensive financial expertise to his enhanced role, holding qualifications as both Fellow Chartered Accountant (F.C.A) and Fellow Cost and Management Accountant (F.C.M.A). Born on August 21, 1971, the 54-year-old executive possesses over 25 years of comprehensive experience in finance, accounts, legal matters, taxation, and strategic financial planning.

Key Professional Competencies:

Board Participation and Governance

Mr. Fogla has served on the company's Board since his initial appointment on July 7, 2021. During the financial year, he attended four Board meetings, demonstrating active participation in corporate governance. He currently serves as a member of the Stakeholders' Relationship Committee and holds three other directorships as of March 31, 2025.

Remuneration and Shareholding

The executive's last drawn gross remuneration for FY 2024-2025 was ₹3,55,742. Mr. Fogla does not hold any shares in the company as a beneficial owner and is not related to any other Directors or Key Managerial Personnel of the company.

Regulatory Compliance

The appointment disclosure fulfills requirements under Clause 7 of Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Fogla has not been debarred from holding directorship by SEBI or any other regulatory authority and has not resigned from any listed entities in the past three years.

The Board considers Mr. Fogla's appointment desirable and in the company's interest, given his integrity, relevant expertise, and fulfillment of all regulatory conditions specified under the Companies Act and SEBI regulations for his dual role as Whole-Time Director and CFO.

Patel Integrated Logistics Limited has disclosed the acquisition of 4,500 equity shares by promoter Mr. Asgar Shakoor Patel through an open market transaction completed on March 16, 2026. The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The acquisition represents a minimal increase in the promoter's individual shareholding, with the transaction value corresponding to 0.006% of the company's total share capital. The shares were purchased through open market operations, demonstrating continued confidence by the promoter group in the company's prospects.

Shareholding Pattern Impact

Following this acquisition, Mr. Asgar Patel's individual holding increased from 57,44,306 shares (8.27%) to 57,48,806 shares (8.27%). The combined promoter and promoter group holding marginally increased from 2,50,42,880 shares to 2,50,47,380 shares, maintaining 35.99% of the total share capital.

Promoter Group Composition

The promoter group comprises multiple entities and individuals, including:

• Mr. Asgar Patel and Mrs. Yasmin Patel
• Mrs. Natasha Pillai (2.46% holding)
• Patel Holdings Ltd (largest single holding at 13.37%)
• A.S. Patel Trust (5.64% holding)
• Wall Street Securities & Investments (India) Ltd (0.61%)
• Wall Street Derivatives and Financial Services India Private Limited (0.67%)
• Various family beneficiary trusts including Arhaan Numaire Family Beneficiaries Trust (2.70%) and Natasha Nishqa Tanisha Family Beneficiaries Trust (2.28%)

Company Capital Structure

The company's equity share capital remains unchanged at 6,95,85,746 equity shares of ₹10 each, aggregating to ₹69,58,57,460. The shares are listed on BSE Ltd., National Stock Exchange of India Ltd., and The Calcutta Stock Exchange Association Ltd.

Regulatory Compliance

The disclosure was filed by Company Secretary and Compliance Officer Avinash Paul Raj on behalf of Patel Integrated Logistics Limited, ensuring compliance with SEBI regulations regarding substantial acquisition disclosures. The transaction reflects routine promoter activity within the regulatory framework for listed companies.