Patidar Buildcon Limited held its 37th Annual General Meeting on September 28, 2026, adopting the audited financial statements for the fiscal year ended March 31, 2026. The meeting also saw the reappointment of Dhirajlal Patel as a director retiring by rotation.

The proceedings commenced at 12:00 pm via video conference and other audio-visual means. Rajnikant Patel, Managing Director, chaired the session alongside other board members, including Mehul Sureshbhai Savani and Milan Patel. The statutory and secretarial auditors were also present during the virtual gathering.

Key resolutions passed

Shareholders approved two primary ordinary business items through e-voting and physical ballot voting:

1. Adoption of the audited balance sheet, statement of profit and loss, auditor report, and director report for FY26.
2. Reappointment of Dhirajlal Patel (DIN: 02082578), who retired by rotation under Section 152(6) of the Companies Act, 2013.

Meeting details and oversight

A. Shah & Associates served as the scrutinizer to ensure fair and transparent scrutiny of the voting process. The company secretary was authorized to declare the voting results upon receipt of the scrutinizer's report. The meeting concluded at 12:25 pm after addressing shareholder queries.

Patidar Buildcon has scheduled its 37th Annual General Meeting for Monday, September 28, 2026. The meeting will adopt the financial statements for FY26, which reported a net loss of ₹23.46 lakh on revenue of ₹34.17 lakh.

The event will be conducted through video conference or other audio-visual means at 11:00 am. Shareholders will vote on the reappointment of Mr. Dhirajlal Patel as a director. M/s. A Shah & Associates, Practicing Company Secretary, has been appointed as the scrutinizer for the remote e-voting process.

Financial Performance for FY26

Patidar Buildcon reported a decline in operational activity during the fiscal year ended March 31, 2026. Revenue from operations fell to ₹34.17 lakh, down from ₹115.84 lakh in FY25. The company incurred a total income of ₹61.26 lakh, supported by other income of ₹27.10 lakh. This other income included a profit on the sale of land amounting to ₹15.93 lakh.

Despite the revenue contraction, the net loss narrowed to ₹23.46 lakh compared to ₹37.29 lakh in the previous year. Earnings per share stood at -₹0.43, an improvement from -₹0.68 in FY25.

Key Dates and Logistics

The register of members will remain closed from September 22, 2026, to September 28, 2026. Shareholders whose names appear in the register as of the record date are eligible to vote. The e-voting facility is provided by National Securities Depository Limited (NSDL). Members holding shares as on the cut-off date of September 21, 2026, may cast their votes through remote e-voting starting September 25, 2026, at 9:00 am and ending September 27, 2026, at 5:00 pm.

Director Reappointment

Mr. Dhirajlal Patel retires by rotation and offers himself for reappointment. He serves as a Non-Executive Director and holds a Bachelor of Commerce degree. He has over 20 years of experience in the real estate business.

Mr. Patel holds 649,000 equity shares, representing 11.8% of the company’s capital. He is the brother of Mr. Rajnikant Patel, the Managing Director and Chairman. His remuneration is nil, and he attended all board meetings during the year.

Voting Procedures

Members can cast votes remotely via the NSDL e-voting system or during the virtual meeting. Those who vote remotely cannot vote again during the live session. The facility is available on a first-come, first-served basis for 1,000 members, excluding large shareholders and promoters. Only members registered as speakers before September 21, 2026, will be allowed to express views during the AGM.