Please find the attached outcome and proceeding of the annual general meeting of the company held on 29th September,2025
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Patidar Buildcon held its 36th Annual General Meeting on 29th September 2025 via video conference, from 11:00 AM to 11:25 AM. The meeting was chaired by Managing Director Mr. Rajnikant Patel, with all directors, the CFO, and the Company Secretary present along with statutory and secretarial auditors. Shareholders approved the audited financial statements for FY ended 31st March 2025 and the reappointment of Mr. Rajnikant Patel as a director (retiring by rotation). They also approved the appointment of M/s A. Shah & Associates as Secretarial Auditors for five years and the adoption of new Memorandum and Articles of Association, including an alteration to the object clause. Additionally, members approved giving a loan to Trimurti Fincap Pvt Ltd (a company in which the directors are interested) and increasing the limits for investments, loans, guarantees and advances under Section 186 of the Companies Act, 2013.
Routine AGM proceedings with no negative news; however, the approval of a loan to a related entity (Trimurti Fincap) and higher Section 186 limits signal expanded financial flexibility but also increased related-party exposure that shareholders should monitor.