Patel Integrated Logistics Board Approves Voluntary Delisting from CSE

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). The board meeting, which was previously scheduled and announced to stock exchanges on March 11, 2026, resulted in formal approval of the delisting proposal.

Board Meeting Outcome

The board meeting was conducted as scheduled and resulted in the formal approval of the voluntary delisting proposal. The meeting demonstrated the company's commitment to regulatory compliance and structured corporate governance.

Meeting Details: Information Meeting Date: Monday, March 16, 2026 Commencement Time: 12:30 P.M. Conclusion Time: 02:00 P.M. Meeting Duration: 1 hour 30 minutes

Approved Resolutions

The Board of Directors approved the proposal for voluntary delisting of the company's equity shares from the Calcutta Stock Exchange Limited. This approval comes with specific conditions and regulatory requirements that must be fulfilled before the delisting process can be completed.

Resolution Details: Specifications Primary Resolution: Voluntary delisting from CSE Regulatory Compliance: Subject to necessary approvals Authority Requirements: Concerned regulatory authorities Additional Approvals: As may be required

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. This demonstrates the company's adherence to regulatory disclosure requirements for material corporate actions.

Regulatory Compliance: Details Primary Regulation: SEBI Regulation 30 Schedule Reference: Part A of Schedule III Communication Date: March 16, 2026 Authorized Signatory: Avinash Paul Raj, Company Secretary

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 of the board's decision.

Patel Integrated Logistics Limited has disclosed the acquisition of 5,000 equity shares by promoter Mr. Asgar Shakoor Patel through an open market transaction completed on March 12, 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 0.007% 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.

Parameter: Details Acquirer: Mr. Asgar Shakoor Patel (Promoter) Shares Acquired: 5,000 equity shares Acquisition Mode: Open market purchase Transaction Date: March 12, 2026 Percentage of Total Capital: 0.007%

Shareholding Pattern Impact

Following this acquisition, the combined promoter and promoter group holding has increased marginally from 35.98% to 35.99% of the total share capital. Mr. Asgar Patel's individual holding increased from 57,39,306 shares (8.26%) to 57,44,306 shares (8.27%).

Holding Status: Before Acquisition After Acquisition Mr. Asgar Patel Individual: 57,39,306 shares (8.26%) 57,44,306 shares (8.27%) Total Promoter Group: 2,50,37,880 shares (35.98%) 2,50,42,880 shares (35.99%) Company's Equity Capital: 6,95,85,746 shares 6,95,85,746 shares

Promoter Group Composition

The patel integrated logistic promoter group comprises multiple entities and individuals, including:

Mr. Asgar Patel and Mrs. Yasmin Patel

Mrs. Natasha Pillai

Patel Holdings Ltd (largest single holding at 13.37%)

A.S. Patel Trust (5.63% holding)

Various family beneficiary trusts and investment companies

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.

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.