Disclosure of Voting Results-Postal Ballot Notice dated 19th February 2026 - Outcome of Postal Ballot (The Resolutions has been passed on Sunday 22nd March 2026, being the last day of voting)
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Patel Integrated Logistics received shareholder approval for all 6 special resolutions through a postal ballot that ended on March 22, 2026. Key approvals include the launch of a new Restricted Stock Unit (RSU 2026) employee incentive scheme, granting RSUs to subsidiary employees, allowing share buyback via a trust route, approving a loan/guarantee framework under Section 185 for subsidiaries, and re-designating Mr. Mahesh Fogla as Whole-Time Director and CFO for 3 years. The promoter group, holding about 2.5 crore shares (roughly 36% of total), voted 100% in favour of every resolution. Public non-institutional shareholder participation was extremely thin — only 13,886 shares out of 4.46 crore held (0.03%) were voted. Every resolution passed with 99.99% to 100% approval.
Shareholders have cleared the way for a new RSU-based employee stock scheme, which may result in some equity dilution in the future. The concentration of voting power with promoters means retail investors had negligible influence on the outcome, and the combination of CFO and Whole-Time Director roles at one person is worth monitoring from a governance standpoint.