Outcome of 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 has declared the results of a postal ballot where shareholders approved the re-appointment of Mr. Sanjivkumar N. Patel as Chairman & Managing Director for another 3 years (20th May 2026 to 19th May 2029). His remuneration will be Rs. 5,50,000 per month plus perquisites and allowances. The resolution was passed with 89.40% shareholder approval (2,498,367 votes in favour vs 296,344 against) out of 2,794,771 total votes cast, representing 51.09% of outstanding shares. A total of 70 shareholders participated in the e-voting process conducted between 9th March and 7th April 2026.
The re-appointment ensures management continuity for the next 3 years. However, shareholders should note this is a related party transaction as the promoter group (which holds ~92% of polled votes) voted in favour of their own director's appointment.