Patel Integrated Logistics Ltd re-designated Mahesh Fogla from Whole-time Director and Chief Financial Officer to Non-Executive Non-Independent Director effective August 3, 2026. The Patel Integrated Logistics Ltd Board approved the move pursuant to the recommendation of the Nomination and Remuneration Committee, subject to shareholder approval. Fogla tendered his resignation from his executive responsibilities as a Director and Key Managerial Personnel (KMP) to pursue professional goals outside the organization, confirming there were no other material reasons for his departure.

The transition was disclosed under Clause 7 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board’s approval aligns with applicable provisions of the Companies Act, 2013 and SEBI Listing Regulations. Avinash Paul Raj, Company Secretary and Compliance Officer, signed the disclosure letter addressed to BSE Ltd., National Stock Exchange of India Limited, and Calcutta Stock Exchange Ltd.

Leadership Transition Details

Fogla ceased holding the office of Chief Financial Officer and Whole-time Director at the close of business hours on Monday, August 3, 2026. He continues to serve on the Board in the capacity of a Non-Executive Non-Independent Director. In his resignation letter, Fogla expressed gratitude for the opportunities provided during his tenure and wished the company continued success.

Profile and External Directorships

Mahesh Fogla is a qualified Chartered Accountant and Cost Accountant with more than 25 years of experience in finance, accounts, legal taxation, and strategic financial planning. His expertise includes fund raising in equity and debt issues, conceptualizing MIS, finalization of accounts, and structuring commercial transactions to optimize tax and cost impacts.

In addition to his role at Patel Integrated Logistics Limited, Fogla serves as a Non-Executive Independent Director in:

• Mohini Health and Hygiene Limited
• Winsome Yarns Limited
• Innovace Advisors Private Limited

He is also a member of the Stakeholders and Relationship Committee at Patel Integrated Logistics Limited. Furthermore, he serves on the Audit Committee of Mohini Health and Hygiene Limited and Winsome Yarns Limited. Fogla confirmed he is not debarred from holding the office of Director by any order passed by the Securities and Exchange Board of India or any other authority. He has not resigned from any listed entities in the past three years.

Mahesh Fogla has resigned as Chief Financial Officer and Executive Director of Patel Integrated Logistics Limited , effective August 3, 2026. The departure marks a shift in the company’s executive leadership structure, with Fogla stepping down from his Key Managerial Personnel (KMP) responsibilities. Despite leaving the executive role, he will remain on the Board of Directors in the capacity of a Non-Executive Non-Independent Director. This transition was approved by the Board during its meeting held on August 3, 2026, which also saw the approval of the company’s unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.

The resignation follows Fogla’s decision to pursue professional opportunities outside the organization. In his resignation letter, Fogla confirmed that there were no material reasons for his departure other than his personal career goals. He expressed gratitude for the professional and personal development opportunities provided during his tenure and thanked the Chairman, Board Members, Management Committee, and colleagues for their support. His cessation from the offices of CFO and Whole Time Director took effect at closing business hours on Monday, August 3, 2026.

Board Approval and Regulatory Compliance

The Board of Directors approved the re-designation of Mahesh Fogla during a meeting that commenced at 12:30 P.M. and concluded at 4:30 P.M. on August 3, 2026. Alongside the personnel change, the Board reviewed and approved the unaudited standalone and consolidated financial results for Q1FY26. These results were accompanied by a Limited Review Report issued by the Statutory Auditors of the company.

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company submitted the necessary details to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE).

Director Profile and Terms

As per the disclosure under Part A of Para A of Schedule III, Mahesh Fogla is not related to any other director of the company. His new role as a Non-Executive Non-Independent Director carries standard terms, including liability to retire by rotation if applicable. There are no additional relationships or conflicts of interest disclosed between Fogla and other board members.

What the Numbers Show

While the primary news concerns the leadership transition, the Board meeting also served to approve the financial outcomes for the first quarter of FY26. The inclusion of the Q1FY26 results alongside the CFO’s resignation suggests a routine governance cycle rather than a crisis-driven departure. However, the absence of specific financial figures in this particular disclosure means investors must refer to the separate detailed financial statement release for performance metrics. The continuity of Fogla on the Board may provide institutional memory and stability during the interim period before a new CFO is appointed, should the company choose to fill the vacancy immediately.