YEAR EVENTS 1962 - The Company was Incorporated on 22nd June, as a Private Limited Company and was converted into a Public Limited Company on 7th February, 1990. - The Company was promoted by Asgar S. Patel, of the Patel group. The Company has a network in India comprising 1100 outlets across the country with complete infrastructure and process system. The Company owns 66 trucks and has another 300 trucks attached to it. The Company is estimated to carry goods worth Rs.5000 crores annually. It has been registered as Multimodal Transport Operator with the government of India. - The Company has diversified into exports of seafoods, leather goods, granite, garments, engineering good and medical equipment. An institution viz. Patel Institute of Transport Management and Research imparts training in transport management and related fields besides offering consultancy services to the corporate sector. - The company is engaged in the Business of surface cargo transportation of goods, export of sea foods, leather goods, granite, garments, engineering goods, medical equipment etc. 1992 - The Company undertook to invest in express cargo services, multimodal transport services. Its fleet of vehicles was being doubled to Cata to East and North Eastern sector and a fleet of LCVS were being procured for movements of high value and time sensitive products. - 1,00,000 shares allotted to promoters and other shareholders. 1993 - Three division viz. Multimodal transport, Express Cargo and Corporate Logistics services division were set up. - 30,00,000 Pref. shares allotted to shareholders. Equity shares subdivided. 20,00,000 No. of equity shares of Rs.10 each were then issued at a prem. of Rs.35 per share as follows: - (i) 1,50,000 shares to NRIs on non-repatriable basis (all were taken up) - (ii) 4,00,000 shares to Indian Mutual Funds (all were taken up) - (iii) 1,00,000 shares to shareholders of Wall Street Finance Ltd. (all were taken up) - (iv) 1,00,000 shares to employees (all were taken up). Balance 12,50,000 shares were issued to the public. 20,00,000 bonus shares allotted in prop. 1:1. 1994 - `Transmode' the multimodal division became operational in April, Clockwork Cargo the express Cargo division became operational from July providing cargo services from the door step of consignor to the doorstep of the consignee. Under the Corporate logistics the company offers total distribution package to large organisation by taking change of goods from manufacturing site, warehousing, total inventory control and deliveries to retail outlets through out the country. It was proposed to purchase 100 Ashok Leyland Comet ALCO 1611 trucks and 18 Ashok Leyland Comet minor ALCI 3/15 LCVs. - In addition, the company proposed to purchase machine tools as a part of its modernisation programme at its workshop in Bangalore for undertaking total overhauling and re-building of engines. - Patel on-board Couriers Ltd., is a subsidiary of the Company. - The 30,00,000 - 10% Cumulative Convertible preference shares are convertible into equity shares in October 1996 (15,00,000 CCPS) and in October 1997 (15,00,000 CCPS). - During the year the Company started two new divisions viz. `Transmode' for carrying on business of Multimodal Transport Operations and `Clockwork Cargo' for carrying on business of Express Cargo Service. 1996 - Freights turnover declined to Rs.95.30 crores due to mild recession in the economy which affected the working of industries industrial production and consequently the transporters too. 1997 - Margins came under severe pressure due to substantial increase in the Operations Cost and losses incurred by the Company. - 15,00,000 No. of equity shares issued on conversion of 10% cumulative convertible pref. shares. 2004 -Arif A Patel ceases to be Managing Director of the company and is appointed as Vice Chairman of the company. Syed K Husain appointed as Chief Executive and Wholetime Director 2007 -Company has designated a separate E-mail ID titled pill_investorservices@patel-india.com exclusively for the Investors' Grievances Redressal. -Company has changed its name from Patel Roadways Ltd. to Patel Integrated Logistics Ltd 2008 - Board has recommended a dividend @ 10% on the paid up equity share. 2010 - Board has recommended a dividend @ 10% on the paid up equity share. 2011 - Board has recommended a dividend @ 10% on the paid up equity share. 2012 - Board has recommended a dividend @ 10% on the paid up equity sharecapital of the Company & also recommended special dividend of Rs.0.20/- (i.e.2%) per equity share to commemorate the Golden Jubilee year of the Company, aggregating to dividend of Re.1.20/- (i.e. 12%) per equity share. 2013 - The company has Recommended the dividend @ Rs. 0.50 per equity share i.e. 5% on equity share capital of the Company 2014 - Recommended the dividend @ Rs. 0.50 per equity share i.e. 5% on equity share capital of the Company 2021 -The company issued rights shares of Rs. 10 in the ratio of 613:399 at par. -The company issued rights shares of Rs. 10 in the ratio of 27:47 at par. 2023 -Patel Integrated Logistics Limited received 'Award and Certificate of Appreciation from Vistara Cargo.'. 2024 -The company issued rights shares of Rs. 10 in the ratio of 8:103 at a premium of Rs. 8 per share.