Enclosed herewith the outcome of the AGM held on September 27, 2025
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Patron Exim Ltd held its 3rd AGM on September 27, 2025, via video conferencing, which ran from 4:00 p.m. to 4:27 p.m. Mr. Bhumishth Patel was elected Chairman of the meeting. Shareholders transacted six items of business, including adoption of audited financial statements for FY ended March 31, 2025, re-appointment of Mr. Bhumishth Patel as a director retiring by rotation, appointment of Mr. Narendrakumar Patel (DIN: 07017438) as Managing Director, approval of related party transactions, and a special resolution to allow investments, loans, and guarantees exceeding Section 186 limits. Another special resolution sought an amendment to the Main Object Clause of the Memorandum of Association. Voting was conducted via remote e-voting and e-voting during the AGM, with results to be announced later.
The resolutions on related party transactions, expanded investment/loan powers, and changes to the company's main objects clause could expand the company's operational scope and warrant attention from shareholders. Voting results are still pending and may influence short-term sentiment once disclosed.