Newspaper publication pertaining to Notice of Postal Ballot of the Company and Remote E-voting process. (Post Postal Ballot Notice).
PATINTLOG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Patel Integrated Logistics has published a Postal Ballot Notice in The Free Press Journal (English) and NavShakti (Marathi) on 20th February 2026, seeking shareholder approval for 6 special resolutions via remote e-voting. The key items include approval of a new Restricted Stock Unit Scheme (RSU 2026) for employees, secondary share acquisition through a trust route, and funding for the trust to buy back the company's own shares. Other resolutions cover granting RSUs to subsidiary company employees, re-designation of Mr. Mahesh Fogla as Whole-Time Director and CFO for 3 years, and approval to give loans or guarantees to subsidiaries under Section 185 of the Companies Act, 2013. The e-voting window runs from 9:00 AM on 21st February 2026 to 5:00 PM on 22nd March 2026, with the cutoff date being 17th February 2026.
Shareholders should review and vote on these resolutions within the e-voting window. The RSU 2026 scheme and trust-route share acquisition could result in future share dilution, while the loan/guarantee approval gives the company more flexibility to fund its subsidiaries.