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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Patels Airtemp has issued a Postal Ballot notice seeking shareholder approval for two special resolutions. The first is the re-appointment of Mr. Shivang P. Patel (DIN: 08136652) as Whole-time Director for a further 3-year term from June 1, 2025 to May 31, 2028, with a monthly salary of Rs. 5,50,000 plus perquisites and allowances. Mr. Shivang P. Patel is a relative of CMD Mr. Sanjivkumar N. Patel, making this a related-party transaction approved by the Audit Committee. The second resolution is the appointment of Mrs. Nidhi Yash Patel (DIN: 10944244) as an Independent Woman Director for a 5-year term from March 29, 2025 to March 28, 2030, filling the vacancy left by Smt. Veenaben B. Patel who resigned as Independent Woman Director effective March 20, 2025. Voting is conducted electronically via CDSL from April 28, 2025 to May 27, 2025, with results expected by May 29, 2025.
For shareholders: Both resolutions are routine board composition matters. The promoter-family re-appointment ensures continuity of management while the new independent woman director strengthens board diversity post the prior independent woman's exit. No material financial impact on the company is expected.