The Members of the Company has duly approved the Appointment of Mr. Mahesh Fogla (DIN: 05157688) as a Whole-time Director and Chief Financial Officer (CFO) of the company and his consequent re-appointment as Whole-time Director for the period of three years by way of Postal Ballot on March, 22, 2026 (Last day of voting)
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On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and 1.4 pts more than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Members of Patel Integrated Logistics have approved, via Postal Ballot on March 22, 2026, the re-appointment of Mr. Mahesh Fogla (DIN: 05157688) as Whole-time Director and Chief Financial Officer for a three-year term running from February 12, 2026 to February 11, 2029. Mr. Fogla, a qualified Chartered Accountant and Cost Accountant with over 25 years of experience in finance, accounts, taxation, and strategic planning, has been on the Board since July 7, 2021. He was re-designated into the combined WTD-CFO role at the Board meeting on February 12, 2026, and his last drawn gross remuneration in FY 2024-25 stood at Rs. 3.56 lakh. He holds NIL shares in the company and is not debarred by any authority from holding a directorship.
This is a routine continuity announcement with no material impact on shareholders — an existing director/CFO has been confirmed in his role for another three-year term, signalling leadership stability rather than any change in direction.