Meeting Details

The 34th Annual General Meeting of Patels Airtemp (India) Limited was held on Monday, 14th September 2026 at 11:30 AM IST through Video Conferencing/Other Audio Visual Means. The meeting concluded at 12:25 PM IST.

Voting Process

The company provided remote e-voting facility from 10th September 2026 (9:00 AM IST) to 13th September 2026 (5:00 PM IST). E-voting facility was also available during the AGM for members who had not voted remotely. The cut-off date for determining voting eligibility was 7th September 2026.

Scrutinizer Appointment

CS Punit Santoshkumar Lath, Practicing Company Secretary (Membership No. A26238, COP No. 11139) was appointed as Scrutinizer to scrutinize the voting process. The scrutinizer submitted the consolidated report on 15th September 2026.

Resolution Results

All four ordinary resolutions proposed in the notice dated 8th August 2026 were passed with requisite majority:

Resolution 1: Adoption of Financial Statements

To consider and adopt the Audited Financial Statements for the financial year ended 31st March 2026 and Reports of Board of Directors and Auditors.

  • Result: Passed with requisite majority
  • Total votes polled: 2,672,320 (48.85% of outstanding shares)
  • Votes in favor: 2,376,396 (88.93% of votes polled)
  • Votes against: 295,924 (11.07% of votes polled)

Resolution 2: Dividend Declaration

To declare and approve dividend of ₹3 per equity share of ₹10 each (30%) for financial year ended 31st March 2026, payable from company profits subject to TDS deduction.

  • Result: Passed with requisite majority
  • Total votes polled: 2,672,320 (48.85% of outstanding shares)
  • Votes in favor: 2,672,316 (99.9999% of votes polled)
  • Votes against: 4 (0.0001% of votes polled)

Resolution 3: Director Re-appointment

To re-appoint Mr. Shivang P. Patel (DIN: 08136652) as Director who retires by rotation under Section 152 of Companies Act, 2013.

  • Result: Passed with requisite majority
  • Total votes polled: 2,672,320 (48.85% of outstanding shares)
  • Votes in favor: 2,376,396 (88.93% of votes polled)
  • Votes against: 295,924 (11.07% of votes polled)

Resolution 4: Cost Auditor Remuneration

To ratify payment of remuneration of ₹80,000 plus applicable taxes and out-of-pocket expenses to Cost Auditors M/s. Rajendra Patel & Associates, Cost Accountant, Ahmedabad (Registration No. FRN101163, Membership No. 29021) for FY2026-27.

  • Result: Passed with requisite majority
  • Total votes polled: 2,672,320 (48.85% of outstanding shares)
  • Votes in favor: 2,672,316 (99.9999% of votes polled)
  • Votes against: 4 (0.0001% of votes polled)

Shareholding and Attendance Details

  • Total shareholders on record date: 10,964
  • Promoters and promoter group shareholders present in meeting: 0
  • Public shareholders present in meeting: 0
  • Promoters and promoter group attended through VC: 8
  • Public shareholders attended through VC: 37
  • Total equity shares: 5,470,240
  • Promoter and promoter group shares: 2,540,650
  • Public institution shares: 7,656
  • Public non-institution shares: 2,921,934