Patel Engineering Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 12, 2025
PATELENG · price
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Patel Engineering has announced its 76th AGM to be held on Friday, September 12, 2025, at 11:30 AM via Video Conferencing. The Annual Report for FY2024-25 is being sent electronically to members. Key items on the agenda include: (1) adoption of audited standalone and consolidated financial statements for FY ending March 31, 2025, (2) re-appointment of Mr. Kishan Lal Daga as Director, who retires by rotation, (3) approval of a commission of ₹2.25 crore to Ms. Janky Patel, Non-Executive Chairperson and Promoter, for FY2024-25, (4) appointment of M/s. Makarand M. Joshi & Co. as Secretarial Auditor for a five-year term (April 2025 to March 2030) at ₹3 lakh per year, and (5) ratification of ₹50,000 remuneration to M/s. Rahul Jain & Associates as Cost Auditor. The cut-off date for e-voting eligibility is September 5, 2025, with the remote e-voting window open from September 8 to September 11, 2025. The company highlighted that it crossed the ₹50 billion revenue mark in FY2024-25, though the year was marked by the loss of CMD Mr. Rupen Patel and Chairman Emeritus Mr. Pravin Patel (who passed away on July 1, 2025).
This is a routine AGM notice. Shareholders should review the commission of ₹2.25 crore to the promoter Chairperson, the five-year Secretarial Auditor appointment, and the FY2025 financial statements. The passing of both the former CMD and Chairman Emeritus within the same fiscal year signals leadership transition, with Ms. Janky Patel stepping into the Chairperson role and the company relying on seasoned management to maintain continuity. No material price-moving event, but voting outcomes on promoter remuneration are worth watching.