Patel Integrated Logistics Limited Approves Buyback of Equity Shares at ₹18 Per Share
Patel Integrated Logistics Limited announced that its Board of Directors has approved a buyback proposal for up to 60 lakh equity shares, setting key parameters and timelines for the transaction.The company’s board meeting, held on Tuesday, June 23, 2026, reviewed and endorsed the proposal concerning the acquisition of fully paid-up equity shares from all shareholders through a tender offer route. The buyback offers Equity Shares at a price of ₹18/- per share.
Details regarding the buyback include:
- Number of Securities Proposed: Up to 60,00,000 (Sixty Lakhs) fully paid-up equity shares.
- Face Value: The Equity Shares have a face value of ₹10/- (Rupees Ten only).
- Maximum Offer Size: Not exceeding an aggregate amount of ₹10,80,00,000, excluding associated expenses such as brokerage costs, fees, and taxes.
The buyback offer size is equivalent to 8.434% and 8.435% of the aggregate of the fully paid-up equity share capital and free reserves, respectively, based on the latest audited standalone and consolidated financial statements as at March 31, 2026. The resultant Equity Shares bought back are not expected to exceed 60,00,000, which represents 8.62% of the total paid-up equity capital of the Company.
In terms of governance, Saffron Capital Advisors Private Limited has been appointed as the Manager for the Buyback. The company fixed Tuesday, June 30, 2026, as the Record Date to determine the entitlement and names of eligible equity shareholders who will participate in the buyback.
The board members established a dedicated Buyback Committee, delegating powers to execute all necessary actions related to the transaction. The Board also noted that it retains the option, until one working day prior to the Record Date, to adjust the Buyback Price and decrease the number of shares proposed without altering the overall Buyback Size.
Pre-Buyback Shareholding Pattern
As per Annexure A-I, the pre-buyback shareholding pattern of Patel Integrated Logistics Limited as of June 19, 2026, is detailed below:| Category of Shareholder | Number of Shareholders | Number of Equity Shares | % to Existing Equity Share Capital |
|---|---|---|---|
| Promoters & Promoter Group | 8 | 25,155,310 | 36.15% |
| Foreign Investors (FIIs) | 595 | 912,813 | 1.31% |
| Financial Institutions / Banks & Mutual Funds | 0 | 0 | 0% |
| Others (Public, Public Bodies Corporate etc.) | 39,783 | 43,517,623 | 62.54% |
| Total | 40,386 | 69,585,746 | 100% |
The company stated that the post-buyback shareholding pattern will be ascertained following the completion of the buyback.
PATINTLOG Stock Price Movement
Shares of Patel Integrated Logistics Limited slipped by 1.57% today, closing at ₹14.48 after a day of selling pressure. The stock recorded a traded volume of 171,307 shares.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.