Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has received an Income Tax refund of Rs. 3.29 Crore in the bank account.
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Patel Integrated Logistics Limited has received an income tax refund of Rs. 3.29 crore in its bank account. The refund has been disclosed under SEBI's Listing Obligations and Disclosure Requirements Regulation 30. This is a positive cash inflow for the company, though no specific details were shared about the assessment year or the reason for the refund. The amount adds to the company's available working capital.
The Rs. 3.29 crore tax refund is a small positive cash flow event that boosts short-term liquidity but is unlikely to materially impact the stock price or long-term valuation.