Board re-designates CFO Mahesh Fogla as Non-Executive Non-Independent Director

Cfo ResignedManagement Changes View source PDF Explain this filing

PATINTLOG · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.4%Reaction day

₹14.10

prior close

₹14.56

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+1.0% vs market

Logistics Solution Provider peers, median of 42sector+0.8%+0.6% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 0.6 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.8

10m

-0.8

15m

-1.2

30m

-1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.4+0.4+1.0+0.8+0.6

Next day

+3.5+1.7+1.8+0.1+3.5

+4.9+2.1+2.8+0.0+4.8

+2.8+2.1+0.7-1.1+3.9

+0.1+2.1-2.0-0.4+0.5

+1.0+1.9-0.9-1.5+2.5

-1.3+2.4-3.7-1.0-0.2

15d

-5.2+3.0-8.2-0.6-4.6

-5.1+3.7-8.8-0.3-4.8

-7.7+1.6-9.2-2.5-5.2

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UpDownMarket · Nifty Microcap 250Sector · Logistics Solution Provider peers, median of 42Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Patel Integrated Logistics board approved re-designation of Mr. Mahesh Fogla from Whole-time Director and CFO to Non-Executive Non-Independent Director effective 3 August 2026, subject to shareholder approval. Fogla, a Chartered Accountant and Cost Accountant with over 25 years of finance experience, will step down from the executive CFO role but continue on the board. The disclosure is filed under SEBI Listing Regulations for change in management.

Likely market impact

Company is losing its CFO, though Fogla stays on board. Investors may seek clarity on CFO succession plan and rationale for re-designation.