Patel Integrated Logistics Limited has successfully concluded its board meeting on March 16, 2026, with the approval of voluntary delisting from the Calcutta Stock Exchange Limited (CSE). Following the board's decision, the company has now published mandatory newspaper notices to inform stakeholders about the initiation of the delisting process.

Board Meeting Outcome and Regulatory Compliance

The board meeting was conducted as scheduled and resulted in the formal approval of the voluntary delisting proposal. The company has demonstrated its commitment to regulatory compliance by publishing notices in multiple newspapers as required under SEBI regulations.

Newspaper Publication Requirements

Pursuant to Regulation 30 of the SEBI Listing Regulations, the company published notices in three newspapers on March 17, 2026, informing stakeholders about the voluntary delisting process. The publications were made in newspapers covering different languages to ensure comprehensive reach.

Continued Market Presence

A crucial aspect of this corporate action is the company's commitment to maintaining its presence on major national stock exchanges. The equity shares will continue to remain listed and actively traded on both BSE Limited and National Stock Exchange of India Limited, ensuring uninterrupted market access for shareholders.

The board specifically noted that since the CSE does not have an active platform for trading in equity shares, shareholders of the company are not affected in any manner from the CSE delisting. This clarification provides reassurance to investors regarding the practical impact of the delisting decision.

Regulatory Framework and Communication

The outcome has been communicated pursuant to Regulation 30 of the SEBI Listing Regulations, read with Part A of Schedule III and other applicable provisions. The formal communication was addressed to both BSE Limited and National Stock Exchange of India Limited, with a copy to the Calcutta Stock Exchange Limited, ensuring comprehensive stakeholder notification.

Delisting Rationale and Shareholder Impact

The company has outlined clear reasons for the proposed delisting from CSE. There has been no trading activity in the company's equity shares on the CSE for several years, making continued listing economically unviable. The delisting will eliminate additional compliance and listing costs while maintaining adequate liquidity through BSE and NSE platforms.

The delisting process follows SEBI (Delisting of Equity Shares) Regulation, 2021, and will not prejudice shareholder interests as the shares continue to be available for trading on nationwide platforms with sufficient liquidity.

Patel Integrated Logistics Limited has announced the receipt of a significant income tax refund, marking a positive development for the logistics company's financial position.

Regulatory Disclosure Details

The company filed an intimation with stock exchanges BSE and NSE under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the receipt of income tax refund under the Income Tax Act, 1961.

Financial Impact

According to the company's disclosure, the income tax refund has been credited to the company's bank account. The management has stated that this development will favorably impact the company's financials, providing additional liquidity and improving the overall financial position.

Stock Exchange Communication

The announcement was made to both major Indian stock exchanges where Patel Integrated Logistics Limited shares are listed. The company trades on BSE with scrip code 526381 and on NSE under the symbol PATINTLOG. The disclosure was also copied to The Calcutta Stock Exchange Ltd.

The regulatory filing was signed by Avinash Paul Raj, Company Secretary of Patel Integrated Logistics Limited, ensuring compliance with mandatory disclosure requirements for listed companies.