Declaration of Results of Special Resolution passed through Postal Ballot and submission of Scrutineer''s Report.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Patels Airtemp India Ltd shareholders have approved the re-appointment of Mr. Sanjivkumar N. Patel as Chairman & Managing Director for a further period of 3 years from 20th May 2026 to 19th May 2029. The resolution was passed through postal ballot with 89.40% shareholder approval (2,498,367 votes in favor out of 2,794,771 valid votes). Promoter and promoter group voted unanimously in favor with their entire holding of 2,540,650 shares. The remuneration package includes a monthly salary of Rs. 5,50,000 plus perquisites and allowances for the 3-year term.
The re-appointment ensures leadership continuity at Patels Airtemp for the next 3 years. The high promoter approval (100%) and overall majority vote signals stability in management. Shareholders approved a total remuneration of Rs. 5.5 lakh per month for the CMD.