The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Asgar Patel & Others
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Mr. Asgar Shakoor Patel, a promoter of Patel Integrated Logistics Ltd, purchased 5,000 equity shares of the company through the open market on 12 March 2026. The acquisition increased the promoter and promoter group's total holding marginally from 35.98% to 35.99% of the company's paid-up equity capital. The total equity capital of the company stands at 6,95,85,746 shares. The change in holding is negligible at 0.007%, but the disclosure was made under SEBI's takeover regulations to keep the exchanges informed.
The acquisition is too small (0.007%) to have any meaningful impact on the stock price, but it signals continued promoter confidence in the company. Shareholders should note that the promoter group still holds well below the 50% majority mark at around 36%.