Announced Tue, 24 Feb · 11:55 IST
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 refundof Rs. 3.93 Crores (Two Crore Ninety three Lakh Rupees) in the bank account.
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PATINTLOG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Patel Integrated Logistics Limited has received an income tax refund of Rs. 3.93 Crores (approximately ₹3.93 crore) in its bank account. The refund has been granted under the Income Tax Act, 1961. The company has stated that this refund will favorably impact its financials. This is a one-time positive cash inflow and was disclosed under SEBI's Regulation 30 listing requirements.
Likely market impact
Positive for the company's short-term cash position and liquidity; however, this is a one-time non-operational benefit and is unlikely to materially move the stock price on its own.