Patel Retail adopts FY26 financials, reappoints Dhanji Patel at 19th AGM
- Voting results show 99.9995% support for FY26 financials adoption
- Dhanji Raghavji Patel re-appointed with 99.9991% votes in favour
- Total 67 shareholders participated via video conferencing, including 64 public shareholders
- Only 111 votes cast against financial resolution out of 23.37 million votes
*this image is generated using AI for illustrative purposes only.
Patel Retail Limited concluded its 19th Annual General Meeting on September 23, 2026, with shareholders approving the adoption of audited standalone financial statements for the fiscal year ended March 31, 2026.
The meeting was conducted through Video Conferencing and Other Audio-Visual Means, in compliance with SEBI LODR Regulations and the Companies Act, 2013. The statutory auditor’s report for FY26 contained no qualifications, observations, or adverse remarks.
Key resolutions passed
Two ordinary resolutions were transacted via remote e-voting and during the meeting:
| Item | Resolution | Type |
|---|---|---|
| 1 | Adoption of audited standalone financial statements for FY26 along with Board and Statutory Auditors’ reports | Ordinary |
| 2 | Re-appointment of Dhanji Raghavji Patel as Director, retiring by rotation under Section 152 of the Companies Act, 2013 | Ordinary |
Voting results and shareholder participation
Detailed voting results released on September 24, 2026, confirm that both resolutions secured requisite majorities. For the first resolution regarding financial statements, 99.9995% of votes polled were in favour, with only 111 votes cast against out of 23,369,665 total votes. The second resolution, concerning the re-appointment of Dhanji Raghavji Patel, received 99.9991% support, with 212 votes against.
Shareholder participation data indicates a total of 67 shareholders attended the meeting via video conferencing, comprising 1 promoter and 64 public shareholders. Additionally, 3 promoter shareholders were present in person or through proxy. The record date for determining voting rights was September 16, 2026, with 35,275 shareholders on record.
Management participation and governance
Dhanji Raghavji Patel, Chairman and Managing Director, chaired the session. Rahul Dhanji Patel, Chief Executive Officer, presented an overview of the company’s performance for FY26. The board composition included two independent directors and key managerial personnel such as Hitesh Bhishamlal Sawlani (CFO) and Prasad Ramesh Khopkar (Company Secretary).
The statutory auditor, M/s Kanu Doshi & Associates LLP, and secretarial auditor, M/s Deep Shukla & Associates, participated virtually. Deep Shukla, Proprietor of M/s Deep Shukla & Associates, served as the Scrutinizer for the remote e-voting process conducted by Bigshare Services Private Limited.
Historical Stock Returns for Patel Retail
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.49% | -4.39% | +13.56% | +12.11% | +2.71% | -19.71% |
How will Patel Retail Limited's FY26 standalone performance metrics compare against broader retail sector benchmarks in the upcoming quarter?
What specific strategic initiatives did CEO Rahul Dhanji Patel outline for FY27 to drive growth beyond the approved FY26 financials?
Given the high promoter concentration in voting, how might future minority shareholder concerns be addressed in upcoming governance reforms?
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