25-Jun-2026 15:44:53
PATINTLOGGeneral news
PATEL INTEGRATED LOGISTICS LTD : SUBMISSION OF BOARD RESOLUTION FOR EQUITY SHARE BUYBACK
• Company proposes buyback of up to 60,00,000 equity shares of face value ₹10 each at ₹18 per share. • Buyback size is ₹10.80 Cr, representing 8.434% of paid-up capital and free reserves as of March 31, 2026. • Tender offer route to be used, with June 30, 2026 as the record date. • Buyback aims to optimize capital structure, enhance shareholder value, and improve fundamental ratios. • Intends to fund buyback from existing cash, cash equivalents, investments, and internal accruals, not borrowed funds. • No further issue of equity shares planned for 6 months post-buyback, except bonus shares or conversions. • Buyback will not result in delisting of equity shares from BSE and NSE.
Patel Integrated Logistics Ltd-$
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