Board approves buyback of up to 60 lakh shares at Rs 18 per share
PATINTLOG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.2 pts more than Nifty Microcap 250 and 4.8 pts more than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Patel Integrated Logistics board approved buyback of up to 60 lakh equity shares at Rs 18 per share via tender offer route. Total buyback size up to Rs 10.80 crore, about 8.62 percent of total paid-up capital. Record date fixed as June 30, 2026. Saffron Capital Advisors appointed as merchant banker. Eligible shareholders can participate on proportionate basis.
Buyback signals management confidence and returns cash to shareholders. May provide price support near record date of June 30, 2026.