Patel Integrated Logistics Ltd — Capital/Financing Update 2024

Oct 25, 2024

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PILL:SEC:APR: 2024-25/76

Date: 25[th] October, 2024

To, BSE Limited Department of Coporate Services (Listing Department) Phiroze Jeejeebhoy Towers Dalal street Mumbai-400 001 Maharashtra, India.

To, National Stock Exchange of India Limited Listing Compliance Department Exchange Plaza, Bandra Kurla Complex Bandra East, Mumbai - 400 051 Maharashtra, India.

BSE Script Code – 526381 NSE Symbol – PATINTLOG

Dear Sir/Ma’am

Sub.: Prepaid the loan amounting to Rs.973.96 Lakhs and subsequent release of mortgage properties to Banks/NBFCs

With reference to the captioned subject, during the current financial year 2024-25 the company has made prepayment of loan amounting to Rupees 973.96 Lakhs mainly from Rights Issue Proceeds and internal accruals.

Due to this, the company’s financials will be benefited as under:

i) Reduction in interest cost due to prepayment of loan

ii) Release of various properties given as mortgage to Banks/NBFCs

The company will further evaluate multiple options to monetise the properties becoming mortgage free from the bank.

We request you to kindly take this aforementioned information on records.

Thanking you,

Yours sincerely,

For and on behalf of Patel Integrated Logistics Limited

Digitally signed AVINASH by AVINASH PAULRAJ PAULRAJ Date: 2024.10.25 11:35:22 +05'30'

Avinash Paul Raj

Company secretary

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