Notice of Annual General Meeting (AGM) of the Company alongwith the Annual Report for the financial year 2024-25.
Price
▲ 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) Ltd has issued the notice for its 33rd AGM along with the Annual Report for FY 2024-25, scheduled for Saturday, 27th September 2025 at 11:30 a.m. via Video Conferencing (VC/OAVM). The board has proposed a dividend of Rs. 3.00 per equity share on 54,70,240 shares of Rs. 10 each, with the record date set for 19th September 2025. Key special business items include raising the borrowing limit from Rs. 350 crore to Rs. 500 crore under Section 180(1)(c) and authorising creation of security on the increased borrowing power. Other resolutions cover re-appointment of Chairman & MD Sanjivkumar N. Patel (retiring by rotation), appointment of CS Punit Lath as Secretarial Auditor for five years (FY26–FY30), and ratification of Rs. 80,000 remuneration to Cost Auditors for FY26. Remote e-voting runs from 24th September (9:00 a.m.) to 26th September (5:00 p.m.), with cut-off date 20th September 2025.
The Rs. 3 per share dividend offers a steady payout to shareholders, while the move to raise the borrowing ceiling to Rs. 500 crore signals potential capex, expansion, or working capital plans ahead. Investors should note the 20th September 2025 cut-off date to be eligible to vote and receive the declared dividend.