Patel Integrated Logistics Announces Record Date for Equity Share Buyback Proposal
Patel Integrated Logistics Limited has announced the record date for its planned buyback of equity shares, following the Board of Directors' approval of the proposal. The company set Tuesday, June 30, 2026, as the official record date to determine eligibility for shareholders participating in the tender offer process.The buyback initiative targets a maximum of 60 lakh fully paid-up equity shares of the Company. These shares are those with a face value of ₹10/- per share. The company is executing the repurchase through the tender offer route, offering each share at a fixed price of ₹18/- (Rupees Eighteen only), payable in cash.
The maximum aggregate amount designated for this buyback does not exceed ₹10,80,00,000/- (Rupees Ten Crore Eighty Lakhs only).
The details regarding the company's planned buyback are summarized below:
| Detail | Value |
|---|---|
| Maximum Shares to be Repurchased | 60,00,000 |
| Face Value per Share | ₹10/- |
| Offer Price per Equity Share | ₹18/- |
| Aggregate Value Not Exceeded | ₹10,80,00,000/- |
| Record Date for Buyback | June 30, 2026 |
This update comes following previous communications on the subject matter dated June 18, 2026. The record date is crucial in identifying and dispatching the necessary offer letters and tender forms to all eligible equity shareholders who will participate in the buyback process.
PATINTLOG Stock Price Movement
Shares of Patel Integrated Logistics Limited closed today after shedding 1.57%, finding a final price of ₹14.48 in the post-market session. The stock saw active trading, with 171,307 shares transacting throughout the day.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.
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