Patel Integrated Logistics Limited has announced the receipt of a significant tax refund, which is expected to bolster the company's financial position. The logistics firm has informed the stock exchanges about this development in compliance with regulatory requirements.

Updated Tax Refund Details

PILL has received an Income Tax refund amounting to ₹3.29 crores from the Income Tax Department. The company confirmed that the refund has been credited to its bank account, representing an increase from the previously reported amount.

Expected Financial Impact

The company has stated that this tax refund is anticipated to have a favorable impact on its financial results. The enhanced refund amount of ₹3.29 crores is expected to significantly improve the company's cash position and contribute positively to its bottom line performance.

Regulatory Compliance

In adherence to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Patel Integrated Logistics Limited promptly disclosed this material development to the stock exchanges including BSE and NSE.

This enhanced tax refund comes as a positive development for Patel Integrated Logistics, potentially strengthening its financial standing in the competitive logistics sector. The additional ₹1.03 crores over the initial amount provides further financial flexibility for the company's operations and growth initiatives.

Patel Integrated Logistic Limited (PILL) has announced key dates for its proposed final dividend, signaling a move to reward its shareholders. The company has set September 1, 2025, as the record date for determining shareholder eligibility for a final dividend of ₹0.30 per equity share for the financial year ended March 31, 2025.

Dividend Details

Annual General Meeting

The proposed dividend is subject to shareholder approval at the company's upcoming 63rd Annual General Meeting (AGM). Key details of the AGM include:

Dividend Payment and Tax Implications

If approved by shareholders at the AGM, the dividend will be paid on or before October 7, 2025. Investors should note that the dividend payment will be subject to tax deduction at source, as per applicable regulations.

Regulatory Compliance

This announcement aligns with the regulatory requirements set forth by the Securities and Exchange Board of India (SEBI). Patel Integrated Logistics has duly informed the stock exchanges about the record date, in compliance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shareholders and potential investors are advised to mark these important dates on their calendars and take note of the tax implications associated with the dividend payment. As always, it is recommended to consult with a financial advisor for personalized advice regarding investment decisions and tax planning.