Patels Airtemp India Ltd

Dematerialisation status

• Dematerialisation requests up to Sep 30, 2026 were processed and confirmed to the depositories.
• Securities dematerialised have been listed on the stock exchange where the earlier securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification.
• Depositories names were substituted as registered owner in the records within 15 days.
• Substitution occurred within 15 days of receipt, 30 Jun 2026 to 30 Sep 2026.

Patels Airtemp India Ltd — Trading Window Closure

Price movement clarification

• Affirms no undisclosed material information; disclosed fixed price contract with Dangote Nigeria on 13 Sep 2026.
• Contract amount USD 23,663,860 (approximately INR 226 crores) disclosed to stock exchange.
• Disclosure also uploaded on the company's website under 'Announcement'.
• Price/volume movements deemed market-driven; management has no control.
• Company will continue to promptly disclose material events as per SEBI LODR.

AGM Details

• 34th AGM held on 14 September 2026 at 11:30 AM IST via VC/OAVM.
• Remote e-voting window from 10–13 September 2026.
• Voting entitlement cutoff date: 7 September 2026.

Key Resolutions

• Adopt Audited Financial Statements for the year ended 31 March 2026.
• Declare dividend of Rs 3.00 per equity share.
• Re-appoint Shivang P. Patel as Director, retiring by rotation.
• Ratify remuneration of Cost Auditors Rs 80,000 plus taxes for 2026-27.

Voting Results

• Resolution 1: Passed with 88.93% assent, 11.07% dissent.
• Resolution 2: Passed with 100% assent.
• Resolution 3: Passed with 88.93% assent, 11.07% dissent.
• Resolution 4: Passed with 100% assent.

Dividend

• Dividend of Rs 3.00 per share approved.

Director Changes

• Shivang P. Patel re-appointed as Director.

Auditor Appointments

• Remuneration of Cost Auditors Rs 80,000 plus taxes approved.

AGM Details

• Date and mode: 14 September 2026 at 11:30 IST, via VC/OAVM.
• Meeting duration: 11:30 to 12:25 IST.
• Total attendees: 45 members via physical attendance or VC.
• Remote e-voting window: 10 September to 13 September 2026; cut-off 7 September 2026.
• Scrutinizer appointed for e-voting: Mr. Punit S. Lath.

Resolutions & Voting

• Four resolutions proposed under ordinary and special business.
• Dividend declaration discussed during the meeting.
• No voting results disclosed in this excerpt.

Order details

• Awarding entity: The Dangote Petroleum Refinery and Petrochemicals, Nigeria (international).
• Scope: Air Cooled Heat Exchanger; Fixed-price contract in normal course of business.
• Value: USD 23,663,860 (approx INR 226 crore).
• Period: 12 months.
• Promoter/related party: NIL promoter group; no related-party transactions.
• Shareholding in awarding entity: NIL.

AGM notice and annual report access

• 34th AGM to be held on 14 September 2026 at 11:30 IST via VC/OAVM.
• Annual Report for FY2025-26 and AGM notice dispatched to registered emails.
• Shareholders without registered emails can access the Annual Report via the company website.
• Notice of AGM also available on BSE and CDSL websites.
• Remote e-voting window: 10 September 2026 to 13 September 2026; cut-off 7 September 2026.
• Record date for dividend: 21 August 2026; dividend payable within 30 days after AGM.
• Last date for submission of TDS exemption forms: 20 August 2026 (up to 5:00 PM).
• Physical shareholders should update email addresses to receive AGM materials.

Financials

• Revenue from operations: 25293.47 Lakhs; down from 38781.63.
• Total income: 25697.77 Lakhs; decline from 38936.61.
• Net profit after tax: 1027.43 Lakhs; EPS 18.78 versus 30.18.
• Dividend: ₹3.00 per share on 54,70,240 shares; 164.11 Lakhs; record date 21 Aug 2026.
• Record date for dividend: 21 August 2026.

Operations & expansion

• Dudhai unit: additional 350 MT bay; piling completed.
• Rakanpur unit upgraded with GI-coated roofing sheets.
• Order book on hand about ₹295 Crores as of 1 Aug 2026.
• Single-engineering segment; focusing on domestic and export growth.

Capital structure & liquidity

• Borrowings total ₹8,813.94 Lakhs.
• Net debt ₹5,345.79 Lakhs; gearing 9.77x.
• Cash and cash equivalents ₹3,365.62 Lakhs; total assets ₹29,736.74 Lakhs; equity ₹16,610.66 Lakhs.
• Net cash from operating activities ₹2,279.62 Lakhs; financing ₹(1,342.23) Lakhs.

Dividends & shareholder matters

• Record date for dividend: 21 August 2026.
• Dividend payable within 30 days from AGM; subject to approval.
• TDS on dividend; tax rates advised by company.

Governance & audit

• Auditor: Parikh & Majmudar; Emphasis of Matter: balances awaiting confirmations.
• Secretarial audit: no qualifications; compliance certificate filed.
• Board meetings: four; NRC: one; CSR: two.

Related party & CSR

• Total KMP remuneration FY2025-26: ₹226.07 Lakhs; directors' remuneration ₹183.65 Lakhs.
• Unsecured loans from directors/relatives outstanding at year end.
• CSR: ₹38.00 Lakhs spent; ₹37.79 Lakhs obligation; 2 CSR meetings.
• CSR policy is available on company website.