Patels Airtemp (India) Limited has filed its mandatory confirmation certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026, demonstrating continued compliance with regulatory requirements for dematerialization processes.

Regulatory Compliance Filing

The company submitted the certificate to BSE Limited on April 6, 2026, through Company Secretary and Compliance Officer Nikhil M. Patel. The filing relates to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, which mandates quarterly confirmation of dematerialization processes.

Registrar Confirmation

Bigshare Services Private Limited, serving as the company's registrar and transfer agent, issued the confirmation certificate dated March 31, 2026. The certificate validates that all securities received from depository participants for dematerialization during the quarter were properly processed and confirmed to the depositories.

Key Compliance Confirmations

The registrar confirmed several critical compliance aspects:

• All securities received for dematerialization were confirmed (accepted/rejected) to depositories
• Securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialization were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners within 15 days of receipt

Company Information

Patels Airtemp (India) Limited operates with multiple facilities across Gujarat, including works at Rakanpur and Dudhai, with its registered office in Ahmedabad. The company maintains various international certifications including ASME "U"/"U2"/"S", National Board "NB"/"R", and ISO certifications for quality, environmental, and occupational health standards.

This quarterly filing demonstrates the company's commitment to maintaining transparency and regulatory compliance in its securities operations, ensuring proper dematerialization processes are followed as per SEBI guidelines.

Patels Airtemp (India) Limited has initiated a postal ballot process to seek shareholder approval for the re-appointment of its Managing Director. The company announced this development through a regulatory filing dated February 28, 2026, outlining the special resolution that requires shareholder consent.

Re-appointment Details

The postal ballot seeks approval for the re-appointment of Mr. Sanjivkumar N. Patel (DIN: 02794095) as Managing Director, designated as "Chairman & Managing Director," for a further period of three years. The proposed term extends from May 20, 2026, to May 19, 2029.

E-voting Schedule

The company has engaged Central Depository Services (India) Limited (CDSL) to provide remote e-voting facilities. All voting will be conducted electronically, with no physical postal ballot forms being distributed to shareholders.

Leadership Profile

Mr. Sanjivkumar N. Patel holds a B.E. (Chemical) degree and an MBA from the USA. He has been associated with the company since 2009, initially serving as Whole-time Director from 2009 to 2015 before being appointed as Managing Director in 2015. He assumed the Chairman designation on November 9, 2023.

The Managing Director brings over 29 years of experience across different areas, including work as a Business Consultant in Management Information Systems (MIS) and as a Business Analyst. He holds 4,11,276 equity shares representing 7.52% of the company's share capital.

Company Performance

The company has demonstrated consistent growth over the past three financial years:

Remuneration Structure

The proposed remuneration package includes a monthly salary of ₹5,50,000 plus various perquisites and allowances. Additional benefits encompass:

• Medical expense reimbursements for family members
• Personal accident and mediclaim insurance premiums
• Company car and telephone facilities
• Provident fund contributions
• Electricity expense reimbursements
• Gratuity as per company rules

In case of loss or inadequacy of profits, the remuneration will serve as minimum remuneration subject to limits prescribed in Schedule V of the Companies Act, 2013.

Voting Process

Shareholders whose email addresses are registered with the company, depositories, or depository participants as of the cut-off date will receive the postal ballot notice electronically. The company has appointed CS Punit Lath as the Scrutinizer to conduct the postal ballot process in a fair and transparent manner.

The resolution requires approval through a special resolution, and if passed, it will be deemed effective from the last date of e-voting, April 7, 2026. The results will be displayed at the registered office, communicated to BSE Limited, and uploaded on the company's website and CDSL's platform.