Annual Report for the financial year 2024-25
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Patels Airtemp has submitted its 33rd Annual Report for FY 2024-25 along with the notice for its AGM, scheduled for Saturday, 27th September 2025 at 11:30 a.m. via video conferencing. The Board has recommended a dividend of Rs. 3.00 per equity share (on shares of Rs. 10 each), with the record date set as 19th September 2025. Key agenda items include re-appointment of Chairman & Managing Director Mr. Sanjivkumar N. Patel (retiring by rotation), appointment of CS Punit Lath as Secretarial Auditor for a five-year term (till FY 2029-30), ratification of Cost Auditor M/s. Rajendra Patel & Associates' remuneration of Rs. 80,000, and a special resolution to raise the company's borrowing limit from Rs. 350 crore to Rs. 500 crore. The financial highlights show revenue rising to about Rs. 41,000 (from Rs. 38,781.63 in the prior year), with the dividend per share at Rs. 3.00 against Rs. 2.00 previously (per indicative chart data in the filing).
Shareholders get a Rs. 3 dividend (a step up from earlier years based on the filing's comparative numbers) and can vote on increasing the company's borrowing capacity to Rs. 500 crore, which signals potential plans for higher debt-funded expansion. Existing promoter-director Mr. Sanjivkumar N. Patel is also up for re-appointment, so continuity in leadership is on the table.