Patel Retail Limited has informed the Exchange about Outcome of Postal Ballot and Scrutinizer's Report.
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Patel Retail Limited has announced the results of its Postal Ballot (e-voting concluded on March 11, 2026) for three resolutions, all of which were passed with overwhelming shareholder support. The first was a Special Resolution to continue Mr. Bechar Raghavji Patel as Whole-time Director beyond the age of 70 years, which received 99.9986% votes in favour. The second was an Ordinary Resolution to appoint M/s Deep Shukla & Associates as Secretarial Auditor for a 5-year term, which got 99.9980% approval. The third was a Special Resolution to approve giving loans, inter-corporate deposits, guarantees, and investments exceeding the limits under Section 186 of the Companies Act, 2013, which passed with 99.9975% support. Out of 33,400,528 total shares, roughly 23.64 million shares (about 70.8%) were polled via e-voting, with promoters voting their full 2.34 crore stake in favour of all three resolutions.
All three resolutions were passed with near-unanimous support, indicating strong shareholder alignment with management's proposals. The continuation of the promoter Whole-time Director and the Section 186 borrowing/investment clearance give Patel Retail more operational and financial flexibility going forward, with no material dissent from shareholders.