Declaration of Results of Special Resolutions 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.
Awaiting price reaction for this filing.
Patels Airtemp (India) Limited announced the results of its Postal Ballot conducted via remote e-voting, which ended on May 27, 2025. Two Special Resolutions were passed with overwhelming shareholder approval of 99.93% in favour and just 0.07% against. Resolution 1 approved the re-appointment of Mr. Shivang P. Patel as Whole-time Director for 3 years (June 1, 2025 to May 31, 2028) with a monthly salary of Rs. 5,50,000 plus perquisites. Resolution 2 approved the appointment of Mrs. Nidhi Yash Patel as an Independent Woman Director for a first term of 5 years (March 29, 2025 to March 28, 2030). Out of 9,885 shareholders on record date, total votes polled stood at 26,49,927 shares representing 48.44% of outstanding shares, with promoter group voting unanimously in favour.
This is a routine corporate governance filing that confirms board continuity with the promoter family executive getting a fresh 3-year term and a new independent woman director joining the board. No material impact on stock price is expected as both resolutions passed with near-unanimous support, though investors may note the Rs. 66 lakh annual executive salary commitment approved.