Date: September 23, 2026
Meeting Details
The 19th Annual General Meeting of Patel Retail Limited was held on Wednesday, September 23, 2026, at 12:00 P.M. (IST) through Video Conferencing/Other Audio-Visual Means (VC/OAVM).
The deemed venue was the Registered Office of the Company at Plot No. M-2, Anand Nagar, Additional MIDC, Ambernath (East), Ambernath, Maharashtra, India - 421506.
The meeting was conducted in compliance with the Companies Act, 2013, SEBI LODR Regulations, 2015, and applicable MCA and SEBI circulars.
Attendance
Directors and KMPs Present:
- Mr. Dhanji Raghavji Patel - Chairman & Managing Director and Chairman of the 19th AGM (Physically)
- Mr. Bechar Raghavji Patel - Whole-time Director (VC/OAVM)
- Mrs. Harshini Vikas Jadhav - Independent Director (Physically)
- Mr. Nitin Pandurang Patil - Independent Director (Physically)
- Mr. Hiren Bechar Patel - Non-Executive & Non-Independent Director (Physically)
- Mr. Yashwant Suresh Bhojwani - Independent Director (Physically)
- Mr. Bharat Haribhai Patel - Chief Operating Officer (Physically)
- Mr. Rahul Dhanji Patel - Chief Executive Officer (Physically)
- Mr. Hitesh Bhishamlal Sawlani - Chief Financial Officer (Physically)
- Mr. Prasad Ramesh Khopkar - Company Secretary & Compliance Officer (Physically)
Other Participants:
- Statutory Auditor: M/s Kanu Doshi & Associates LLP (VC/OAVM)
- Secretarial Auditor: M/s Deep Shukla & Associates (VC/OAVM)
- Promoter shareholders: 3 physically, 1 through VC/OAVM
- Public shareholders: 64 participants
Proceedings Summary
The meeting commenced at 12:00 PM (IST) with Mr. Prasad Ramesh Khopkar, Company Secretary, welcoming shareholders.
Mr. Yashwant Suresh Bhojwani, Independent Director, explained the participation procedure and e-voting process.
Remote e-voting facilities were provided through Bigshare Services Private Limited.
The Notice convening the 19th AGM and Annual Report for FY2025-26 were taken as read.
The Statutory Auditor's Report on financial statements for year ended March 31, 2026 was taken as read with no qualifications, observations, adverse remarks or comments.
Business Transacted
Two resolutions were passed through remote e-voting:
1. Ordinary Resolution: To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Board of Directors and the Statutory Auditors thereon.
2. Ordinary Resolution: To appoint a Director in place of Mr. Dhanji Raghavji Patel (DIN: 01376164), who retires by rotation in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for re-appointment.
Management Presentation
Mr. Rahul Dhanji Patel, Chief Executive Officer, apprised Members of the Company's performance during FY 2025-26 and expressed appreciation to employees, customers, farmers, suppliers, bankers, advisors, regulators, stock exchanges, business partners, the Board of Directors, the founding team and shareholders.
Shareholder Interaction
Members who had registered as speakers were given opportunity to ask questions and seek clarifications, with appropriate responses from the Chairman and/or management.
Meeting Conclusion
The meeting concluded at 12:54 P.M. (IST), lasting 54 minutes.
Mr. Prasad Ramesh Khopkar confirmed that requisite quorum had remained present throughout the meeting.
Not Specified Sections
Financial Results, Dividend Declaration, KMP/Board/Auditor Changes (other than re-appointment), Board Meeting Outcomes (other than AGM), Auditor's Report Details, Disinvestment/Strategic Actions, Media Release/Investor Communication, Other Operational/Legal/Strategic Disclosures