Patel Integrated Logistics Announces AGM Date and Revises Recommended Dividend for Fiscal Year 2026-27
Patel Integrated Logistics Limited has announced key decisions regarding its upcoming Annual General Meeting (AGM) and provided a revised recommendation for the final dividend for the financial year ended March 31, 2026.The company's Board of Directors, in a meeting held on August 24, 2026, approved the convening of the 64th Annual General Meeting (AGM). The AGM is scheduled to be held on Thursday, September 24, 2026, at 11:00 A.M. The meeting will be conducted via Video Conferencing (VC) or other Audio-Visual Means (OAVM).
Record Period and Share Transfer Book Closure
To facilitate the AGM and the determination of members' entitlement to the final dividend, the company has set a specific period for the closure of its Register of Members and Share Transfer Books. The books will remain closed from Friday, September 18, 2026, to Thursday, September 24, 2026.Revision in Proposed Dividend
The Board meeting on August 24, 2026, reviewed the company's financial position and cash flows following recent equity share buy-back. Consequently, the Board revised the dividend recommendation, which was initially set during a meeting held on May 12, 2026.Earlier, the Board had recommended a dividend of ₹0.40 per equity share, representing 4% of the paid-up equity share capital. After considering the funds utilized for the buy-back and the resulting financial status, the Board has now revised this recommendation to ₹0.20 per equity share, equating to 2% of the paid-up equity share capital, for the financial year ended March 31, 2026.
The proposed dividend of ₹0.20 per equity share is subject to the approval of the members at the forthcoming AGM.
The details of the dividend revision and the proposed dividend for the financial year ended March 31, 2026, are summarized below:
| Period | Previous Dividend Recommendation | Revised Dividend Recommendation |
|---|---|---|
| Financial Year Ended March 31, 2026 | ₹0.40 per equity share (4%) | ₹0.20 per equity share (2%) |
The company stated that the final dividend will be paid at the rate of ₹0.20 per equity share, subject to the approval of the members at the AGM, to all members recorded in the company's Register of Members or the Depositories on the specified record date.
PATINTLOG Stock Price Movement
Shares of Patel Integrated Logistics Limited today slipped by 1.84% to close at ₹13.39, shedding value during post-market trading. The stock traded within a range defined by the day's low of ₹13.16 and high of ₹13.66, with 110,911 shares executed.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.