In continuation of Board Meeting held on 7th September, 2023 with respect to raising of fund through Right Issue, Patel Integrated Logistics has informed that the Right Issue Committee of the Board of Directors, at its meeting held on today i.e. 23rd March, 2024 has considered and approved the filing of the Draft Letter of Offer dated 23rd March, 2024 (the Draft Letter of Offer) in relation to the rights issue of the Company (the Issue), with BSE (the Stock Exchange). The committee further noted that Right Issue will be at premium subject to necessary approvals. A copy of the Draft Letter of Offer, as being filed the Stock Exchanges is attached for records.
The above information is a part of company’s filings submitted to BSE.