Patel Integrated Logistics Approves ₹74 Lakh Loan to Subsidiary
Patel Integrated Logistics Limited (PILL) announced on December 18, 2025, that its Board of Directors has approved a loan of ₹74,00,000 (Rupees Seventy-Four Lakhs only) to its non-material subsidiary,...
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Why is Patel Integrated Logistics Limited in the news today?
Patel Integrated Logistics Limited (PATINTLOG) is in the news due to the announcement details a routine financial transaction (loan to a subsidiary) and a related party transaction. while it involves financial approval, there are no immediate positive or negative indicators beyond the standard disclosure.
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Patel Integrated Logistics Approves ₹74 Lakh Loan to Subsidiary
December 18, 2025, 06:47 AM
Patel Integrated Logistics Limited (PILL) announced on December 18, 2025, that its Board of Directors has approved a loan of ₹74,00,000 (Rupees Seventy-Four Lakhs only) to its non-material subsidiary, Rajpat Logistics Private Limited. This transaction was also classified as a non-material related party transaction.
The loan is for a tenure of one year and will be disbursed in multiple tranches. The company stated that the transaction is in the ordinary course of business and on an arm's length basis.
The board meeting commenced at 11:30 am and concluded at 12:00 noon on December 18, 2025.
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