Patels Airtemp Senior Manager Design resigns effective June 10, 2026

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.38%	-5.77%	-13.73%	+26.15%	-41.55%	+66.33%

Patels Airtemp (India) Limited reported a 37.8% decline in net profit to ₹1,027.43 lakh for the financial year ended March 31, 2026, as revenue from operations fell 34.8% to ₹25,293.47 lakh. The company’s Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, and recommended a dividend of ₹3.00 per share for the fiscal year. The dividend, equivalent to 30% on equity shares of ₹10 each, is subject to approval by shareholders at the ensuing 34th Annual General Meeting. The audited financial results were published in the Financial Express (English & Gujarati Edition) on June 1, 2026, under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

For the quarter ended March 31, 2026, the company reported a net profit of ₹415.37 lakh, a decrease from ₹449.33 lakh in the corresponding period of the previous year. Total revenue from operations for the quarter stood at ₹8,951.95 lakh, compared to ₹10,406.08 lakh in the same quarter last year. Total income for the quarter was ₹9,060.07 lakh. The company’s finance costs for the quarter were ₹229.35 lakh, while total expenses amounted to ₹8,553.05 lakh.

Financial Performance for FY26

The annual financial results highlight a contraction in profitability and income. Profit before tax for the year stood at ₹1,389.87 lakh, a significant drop from ₹2,187.88 lakh in the previous year. Tax expenses included a current tax of ₹355.73 lakh and a deferred tax of ₹6.71 lakh. Earnings per share (EPS) for the year decreased to ₹18.78 from ₹30.18 in the prior year.

Metric	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)
Total Revenue from Operations	25,293.47	38,781.63
Total Income	25,697.77	38,936.61
Total Expenses	24,307.90	36,748.73
Profit Before Tax	1,389.87	2,187.88
Net Profit	1,027.43	1,651.01

Balance Sheet and Cash Flows

The audited statement of assets and liabilities as of March 31, 2026, shows total assets at ₹29,736.74 lakh, down from ₹30,831.54 lakh in the previous year. Total equity increased to ₹16,610.66 lakh from ₹15,741.90 lakh. Current liabilities decreased to ₹12,915.47 lakh from ₹14,534.18 lakh, while non-current liabilities reduced significantly to ₹210.61 lakh from ₹555.47 lakh, driven by the repayment of non-current borrowings.

The cash flow statement for the year indicates a net increase in cash and cash equivalents of ₹618.22 lakh, bringing the closing balance to ₹3,365.62 lakh. Net cash generated from operating activities was ₹2,279.62 lakh, while investing activities resulted in a net outflow of ₹319.17 lakh. Financing activities saw a net outflow of ₹1,342.23 lakh, largely due to interest payments of ₹995.03 lakh and dividend payments of ₹164.11 lakh.

Auditor and Regulatory Disclosures

The Statutory Auditors, M/s. Parikh & Majmudar, Chartered Accountants, issued an audit report with an unmodified opinion on the standalone Ind AS financial results. The auditors included an emphasis of matter noting that balance confirmations from suppliers and customers were awaited at the date of the audit, and consequently, balances of receivables and trade payables were taken as per the company's books of accounts. The financial results were reviewed by the Audit Committee and approved by the Board on May 30, 2026.