Patel Engineering Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.
PATELENG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Patel Engineering Limited has announced the results of its postal ballot held from April 21 to May 20, 2026, with results declared on May 21, 2026. Two resolutions were passed with overwhelming shareholder approval. Resolution 1 appoints Ms. Sudha Navandar (DIN: 02804964) as an Independent Director, passing with 99.88% in favor (33,87,16,643 votes in favor out of 33,91,39,812 total votes polled). Resolution 2 appoints Ms. Jana Chatra (DIN: 07149281) as an Independent Director, passing with 99.90% in favor (33,87,62,261 votes in favor out of 33,91,03,085 total votes polled). Total turnout was approximately 34.18% of the company's 99,21,41,937 outstanding shares. Promoters voted in full support (100% in favor for both resolutions) and no promoter group interest was declared in either resolution. M/S Makarand M Joshi & Co acted as scrutinizers.
Both independent director appointments were approved by near-unanimous shareholder votes, indicating strong institutional and public confidence in the board composition changes. The stock is unlikely to see any negative reaction given the clean voting outcome and absence of promoter conflicts.