Patels Airtemp promoters acquire 69,442 shares via inter-se transfer

1 min read     Updated on 20 Jun 2026, 02:57 PM
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Promoters Sanjivkumar N. Patel and Shivang P. Patel acquired 69,442 equity shares (1.27%) of Patels Airtemp (India) Ltd via inter-se transfer from Shiv Fintrade LLP on June 18, 2026. The total promoter group holding remains unchanged at 41.04%.

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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.

Shareholder Shares Before % Before Shares After % After
Sanjivkumar N. Patel 4,11,276 7.52 4,45,997 8.15
Shivang P. Patel 82,400 1.51 1,17,121 2.15
Shiv Fintrade LLP 69,442 1.27 NIL NIL
Other PACs 16,81,612 30.74 16,81,612 30.73
Total Promoter Group 22,44,730 41.04 22,44,730 41.04

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.

Historical Stock Returns for Patels Airtemp

1 Day5 Days1 Month6 Months1 Year5 Years
+4.99%+14.85%+10.52%+31.96%-33.95%+66.69%

Does this increase in direct shareholding signal a potential shift in the company's strategic direction or management control?

Could this consolidation of ownership be a precursor to further delisting or a change in the free float structure?

How might the market interpret this move regarding the promoters' long-term confidence in the company's growth prospects?

Patels Airtemp Senior Manager Design resigns effective June 10, 2026

1 min read     Updated on 10 Jun 2026, 07:40 PM
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Patels Airtemp (India) Limited announced the resignation of Mr. Jasmin R. Raval, Senior Manager - Design, effective June 10, 2026, due to personal reasons. The company confirmed he will be relieved from his duties at the close of business hours on the said date.

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Patels Airtemp (India) Limited announced that Mr. Jasmin R. Raval, Senior Manager - Design, has resigned from his position effective June 10, 2026. The resignation, attributed to personal reasons, was intimated to the stock exchanges in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Mr. Raval will be relieved from his duties at the close of business hours on June 10, 2026.

The disclosure was made by Nikhil M. Patel, Company Secretary & Compliance Officer of Patels Airtemp . The company acknowledged the resignation and confirmed the cessation date. The details of the change in senior management personnel were provided in an annexure to the regulatory filing.

Resignation Details

The following table outlines the key particulars regarding the resignation of the senior management personnel:

Sr. No. Particular Details
1 Name of SMP Mr. Jasmin R. Raval
2 Reason for change Resignation due to personal reason.
3 Date of cessation June 10, 2026
4 Brief profile Not Applicable
5 Disclosure of relationships Not Applicable

The information was submitted to BSE Ltd. under the reference number PAT/SD/Regl.-30/2026-2027/10VI. The disclosure is also available on the company's official investor relations website.

Historical Stock Returns for Patels Airtemp

1 Day5 Days1 Month6 Months1 Year5 Years
+4.99%+14.85%+10.52%+31.96%-33.95%+66.69%

How will the company ensure continuity in its design leadership during the transition period before Mr. Raval's departure?

What criteria will Patels Airtemp use to select a successor for the Senior Manager - Design role?

Could this resignation lead to any delays in ongoing or upcoming design projects?

More News on Patels Airtemp

1 Year Returns:-33.95%