PATINTLOGNSEPatel Integrated Logistics Limited· Travel And TransportHighNeutral
Announced Mon, 23 Mar · 17:03 IST

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)

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+2.3%1-day move
₹8.85
prior close
₹9.35
base price
After-mkt
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+0.1-1.4+0.0-0.2+2.3-1.7-5.6+5.4+7.0+15.9+31.4+30.4+39.5+71.8
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AI summary

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.

Likely market impact

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.