Disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Incorporation of non-material subsidiary.
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Patel Integrated Logistics Limited has informed the stock exchanges that it has incorporated a new subsidiary, classified as a 'non-material subsidiary' under SEBI's Listing Regulations. The disclosure has been made under Regulation 30 of the SEBI (LODR) Regulations, 2015. No financial details, name of the new entity, or capital investment figures have been disclosed in the filing. As it is a non-material subsidiary, it falls below the thresholds that would require more detailed disclosure.
This is a routine corporate housekeeping announcement with limited impact on shareholders. Since the subsidiary is classified as non-material, it is unlikely to materially affect the company's financials or stock price in the near term.