Event Overview

Patel Engineering Limited held its 77th Annual General Meeting (AGM) on Friday, September 18, 2026 at 11:30 AM IST through Video Conferencing/Other Audio-Visual Means. The meeting was chaired by Ms. Janky Patel, Non-Executive Chairperson, and concluded at 12:37 PM IST.

Meeting Proceedings

The AGM was conducted in compliance with Ministry of Corporate Affairs circulars, Companies Act 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided live webcast of the proceedings.

Attendance included 3 promoter/promoter group shareholders and 69 public shareholders via video conferencing. Total shareholders on record date (September 11, 2026) were 463,604.

The Managing Director provided a brief overview of the company's performance for the financial year ended March 31, 2026. Members were informed that there were no qualifications or adverse remarks in the Statutory Auditors' reports, though there were 2 observations from the Secretarial Auditor with explanations and corrective actions provided.

Resolutions Passed

All five items of business from the AGM notice dated August 10, 2026 were approved with requisite majority:

1. Ordinary Resolution: Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026 with Reports of Board of Directors and Auditors

  • Total votes: 345,608,711 (34.83% of outstanding shares)
  • Votes in favor: 345,180,288 (99.88%)
  • Votes against: 428,423 (0.12%)

2. Ordinary Resolution: Adoption of Audited Consolidated Financial Statements for FY ended March 31, 2026 with Report of Auditors

  • Total votes: 345,623,711 (34.84% of outstanding shares)
  • Votes in favor: 345,195,288 (99.88%)
  • Votes against: 428,423 (0.12%)

3. Ordinary Resolution: Re-appointment of Ms. Kavita Shirvaikar (DIN: 07737376) as director retiring by rotation

  • Total votes: 345,807,497 (34.85% of outstanding shares)
  • Votes in favor: 345,253,391 (99.84%)
  • Votes against: 554,106 (0.16%)

4. Ordinary Resolution: Ratification of Cost Auditor's Remuneration for FY 2025-26

  • Total votes: 345,816,283 (34.86% of outstanding shares)
  • Votes in favor: 345,354,441 (99.87%)
  • Votes against: 461,842 (0.13%)

5. Special Resolution: Payment of Remuneration by way of Commission to Ms. Janky Patel (DIN: 00032464), Non-Executive Director

  • Total votes: 345,814,951 (34.86% of outstanding shares)
  • Votes in favor: 334,140,494 (96.62%)
  • Votes against: 11,674,457 (3.38%)

Voting Details Breakdown

Promoter & Promoter Group: Held 312,368,512 shares (31.48% of total), voted 100% in favor on all resolutions.

Public Institutions: Held 69,220,939 shares (6.98% of total), voted 42.16-42.44% participation, predominantly in favor except for Resolution 5 where only 62.51% voted in favor.

Public Non-Institutions: Held 610,552,486 shares (61.54% of total), voted 0.66-0.67% participation, showed significant opposition to Resolution 5 (16.23% against) and moderate opposition to other resolutions (10.56-11.63% against).

Scrutinizer Report

Mr. Vaibhav Dandawate (ACS No.: 51538, CP No.: 27947) of Makarand M. Joshi & Co. was appointed as Scrutinizer. Remote e-voting was conducted through NSDL from September 14, 2026 (9:00 AM) to September 17, 2026 (5:00 PM).

Newspaper advertisements were published in Business Standard (English) and Sakal (Marathi) on August 25, 2026. The company dispatched the notice and integrated annual report on August 24, 2026 to members registered as of August 14, 2026.