Patels Airtemp (India) Limited announced that Jasmin R. Raval has resigned from his position as Senior Manager – Design, effective June 10, 2026. The company confirmed that the resignation was voluntary and was solely due to personal reasons.

The initial resignation letter, submitted on March 10, 2026, did not specify the reason for departure. As disclosure of the reason is mandatory under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company requested a clarification from the employee.

Pursuant to this request, Mr. Raval submitted a clarification letter on July 4, 2026. In this communication, he confirmed that his decision to resign was not attributable to any other factor beyond personal reasons.

The following table details the key information regarding the change in senior management personnel:

The disclosure was submitted to BSE Ltd. on July 6, 2026, following the receipt of the clarification letter. The company stated that the delay in providing the complete details was due to the time taken to obtain the necessary clarification from the employee.

Promoters of [Patels Airtemp (India) Ltd](patels airtemp), Sanjivkumar N. Patel and Shivang P. Patel, have acquired 69,442 equity shares representing 1.27% of the company's share capital via an inter-se transfer. The shares were purchased from Shiv Fintrade LLP, a member of the Promoter Group, through an off-market transaction on June 18, 2026. The aggregate holding of the Promoters and Promoter Group remains unchanged at 41.04% following this realignment of ownership within the group.

The disclosure was submitted to BSE Ltd under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The acquisition involved the purchase of 34,721 shares each by Sanjivkumar N. Patel and Shivang P. Patel. The total equity share capital of the target company stands at 54,70,240 equity shares of Rs. 10 each, aggregating to Rs. 5,47,02,400.

Shareholding Details

The transaction altered the individual holdings of the acquirers while the total promoter group holding remained constant. Sanjivkumar N. Patel's holding increased to 8.15%, while Shivang P. Patel's stake rose to 2.15%. Conversely, the seller, Shiv Fintrade LLP, exited the shareholding register.

Transaction Overview

The acquisition was executed as an inter-se transfer between the promoter and the promoter group. No other instruments such as warrants or convertible securities were involved in the transaction. The diluted share capital of the company remains unaffected at 54,70,240 equity shares.