Patel Integrated Logistics Ltd — Capital/Financing Update 2021

Oct 25, 2021

INTEGRATED LOGISTICS LTD

25th October, 2021

PILL: SEC: NBA: 21-22/46

To BSE Ltd. Phiroze Jeejeebhoy Towers, Dalal Street, Fort Mumbai - 400 001. SCRIP CODE: 526381

To National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex, Bandra (East). Mumbai - 400 051. PATINTLOG

Dear Sir/Madam.

Sub: Outcome of the Meeting of the Board of Directors of Patel Integrated Logistics Limited.

1) Ref: Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015 as amended and Regulation 68 of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018,

This is further to our intimation dated 20^th October, 2021 given under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015 as amended, with respect to the meeting of the board of directors ("Board of Directors") of Patel Integrated Logistics Limited ("Company") held on 25th October, 2021 accordance with Regulations 42 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, as amended and Regulation 68 of the SEBI (ICDR) Regulations, 2018, the Board of Directors at its meeting held today i.e.25^th October, 2021 has fixed 29^th October, 2021, Friday as the record date for the purpose of determining the equity shareholders who are entitled to receive the Rights Entitlement in the Rights Issue("Record Date"). Further, in terms of SEBI Circular SEBI/HO/CFD/DIL2/CIR/P/2020/13 dated January 22, 2020, the Company has made necessary arrangement with NSDL and CDSL for the credits of the Rights Entitlements in dematerialized form in the demat account of the eligible equity shareholders as on the Record Date. The ISIN of such Rights Entitlement is INE529D20022. The Rights Entitlement of the eligible equity shareholders as on the Record Date, shall be credited prior to the issue opening date, in the respective demat account of the eligible equity shareholders under the aforementioned ISIN.

2) Ref: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015

We refer to our intimation dated $20^th$ October, 2021 whereby we have intimated about the convening of meeting of the Board of Directors of Patel Integrated Logistics Limited ("Company") on 25^th October, 2021.

In furtherance of the same, this is to inform you that the meeting of the Board of Directors of Patel Integrated Logistics Limited ("Company") was held today i.e. 25^th October, 2021 Letter of Offer, the Application Form and the Right Entitlement Letter for the Rights Issue

Further, inter alia, the following terms of Right Issue have also been approved for inclusion in the Letter of Offer and other documents in relation to the Issue:

a) Right issue Size: 4,00,00,000 Equity Shares of face value of Rs. 10 each, for an aggregate amount not exceeding Rs. 4000 Lakhs (Rupees Four Thousand Lakhs Only);

INTEGRATED LOGISTICS LTD

b) Right Issue Price:

Amount Payable Per Rights Equity Share	Face Value $(\bar{x})$
On Application First and Final Call Total	2.50
	7.50
	10.00

c) Right Entitlement Ratio: 613 (six hundred and thirteen) Rights Equity Share(s) for every 399 (three hundred and ninety-nine) fully paid-up Equity Share(s) held by the eligible shareholders as on the record date:

d) Rights Issue Schedule:

Issue Opening Date	Tuesday, November 09, 2021
Last Date for On Market Renunciation of RE	Wednesday, November 17, 2021
Issue Closing Date	Tuesday, November 23, 2021

e) Other Terms of the Issue: To be included in the letter of offer to be filed by the Company.

f) Major portion of fund raised would be utilized for making the Company net external debt free.

The meeting commenced at 11.00 a.m. and concluded at 12.50p.m

Please take the same into your records and do the needful.

Thanking You, Yours Faithfully, For PATEL INTEGRATED LOGISTICS LIMITED

ETA PAREKH) (SV COMPANY SECRETARY

$C.c.$ to: The Calcutta Stock Exchange Ltd