Patels Airtemp (India) Limited has issued a formal response to BSE Limited regarding inquiries about recent price movements in its shares. The company addressed concerns raised by the stock exchange about the surge in trading activity and share price performance.

Company's Official Response

In its communication dated April 10, 2026, Patels Airtemp clarified its position on the recent market activity surrounding its scrip. The response was signed by Nikhil M. Patel, Company Secretary & Compliance Officer, and addressed to BSE's Corporate Relation Department.

Regulatory Compliance Statement

The company emphasized its commitment to regulatory compliance and transparency. Patels Airtemp stated that it has made all necessary disclosures in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The management confirmed that no material information or events that could influence price or volume behavior have been withheld from the exchanges.

Key compliance aspects highlighted by the company include:

• Regular sharing of information and announcements with stock exchanges
• Strict adherence to listing norms for disclosure
• Compliance with insider trading regulations
• No pending compliance requirements

Market-Driven Price Movement

Patels Airtemp attributed the recent surge in share volume and price increase to market forces rather than any undisclosed corporate developments. The company maintained that the price movement is "purely market driven" and not influenced by any material information that has not been disclosed to the exchanges.

Corporate Information

The company operates from multiple locations including Rakanpur Works and Dudhai Works in Gujarat, with its registered office in Ahmedabad. Patels Airtemp holds various certifications including ASME "U"/"U2"/"S", National Board "NB"/"R", and ISO certifications for quality, environmental, and occupational health standards.

The response demonstrates the company's proactive approach to addressing exchange inquiries and maintaining transparency with regulatory authorities and stakeholders.

Patels Airtemp (India) Limited has announced the successful completion of its postal ballot process for the re-appointment of its Managing Director. The company declared the results on 8th April, 2026, following the scrutinizer's report submitted by CS Punit Lath, Practicing Company Secretary.

Postal Ballot Results

The special resolution for re-appointing Mr. Sanjivkumar N. Patel (DIN: 02794095) as Chairman & Managing Director was passed with requisite majority. The voting results demonstrate strong shareholder support for the leadership continuity.

Re-appointment Details

The re-appointment covers a period of 3 years, effective from 20th May, 2026 to 19th May, 2029. The remuneration package includes a monthly salary of Rs. 5,50,000/- plus perquisites and allowances for the entire tenure.

Detailed Voting Breakdown

The postal ballot witnessed participation across different shareholder categories with varying levels of engagement. The promoter and promoter group demonstrated complete participation while public shareholders showed selective engagement.

Voting Process and Compliance

The postal ballot was conducted in compliance with Section 108 and 110 of the Companies Act, 2013, and Regulation 44 of SEBI (Listing Obligations and Disclosures Requirements) Regulation, 2015. The e-voting facility was provided by Central Depository Services Limited (CDSL).

Regulatory Compliance

The company has fulfilled all regulatory requirements under the postal ballot process. The results and scrutinizer's report are available on the company's website at https://www.patelsairtemp.com/investors/postal-ballot/ and on CDSL's website www.evotingindia.com . The declaration was made in accordance with Regulation 30 of SEBI (LODR) Regulations, 2015, ensuring complete transparency and compliance with listing obligations.