Board approved re-designation of Mr. Mahesh Fogla as Whole-time Director and Chief Financial Officer (CFO) of the Company and subsequent re-appointment as Whole-Time Director for the period of Three(3) years commencing from 12th February, 2026, till 11th February, 2029, and on such terms and conditions as may be approved by the shareholders.
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The board of Patel Integrated Logistics has approved the re-designation of Mr. Mahesh Fogla as Whole-time Director and Chief Financial Officer (CFO) of the company. He has also been re-appointed as Whole-Time Director for a period of three years, starting from 12th February 2026 to 11th February 2029 (the annexure states 06th July 2029 — a minor discrepancy). Mr. Fogla is a qualified Chartered Accountant and Cost Accountant with over 25 years of experience in finance, accounts, taxation, and strategic financial planning. The re-appointment is subject to shareholder approval. He is also a Non-executive Independent Director on the board of Mohini Health and Hygiene Limited.
This is a continuity decision — an existing key managerial person is being retained and given a longer tenure, which provides stability at the top finance function. For shareholders, this is largely neutral but reduces near-term leadership uncertainty; the final terms (including remuneration) will depend on the shareholder vote.