Patels Airtemp (India) Limited has announced a dividend of ₹3 per equity share for the financial year ended March 31, 2025, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The company has provided detailed information on the dividend payout and tax deduction procedures.

Dividend Details

• Dividend Amount: ₹3 per equity share (30% of face value)
• Record Date: September 19, 2025
• AGM Date: September 27, 2025
• Payment Timeline: Within 30 days of the AGM

Tax Deduction at Source (TDS) Rules

Patels Airtemp has outlined the TDS rules for various categories of shareholders:

For Resident Shareholders:

• No tax will be deducted if the total dividend doesn't exceed ₹10,000 in the financial year 2025-26.
• Shareholders can submit Form 15G/15H to claim exemption, subject to conditions.

For Non-Resident Shareholders:

• Standard TDS rate: 20% plus applicable surcharge and cess
• Option to avail benefits under Double Tax Avoidance Treaty (DTAA), subject to providing necessary documentation

Important Dates and Documentation

• Submission Deadline: September 19, 2025, 5:00 PM (IST)
• Required documents for tax exemption or lower deduction must be submitted to the company's Registrar and Transfer Agent.

Additional Information

• The company emphasizes the importance of linking Aadhaar with PAN to avoid higher tax deduction rates.
• Shareholders are urged to update their KYC details, including bank account information, to ensure smooth dividend payments.

Patels Airtemp has demonstrated its commitment to shareholder value through this dividend announcement while ensuring compliance with tax regulations. Shareholders are advised to take note of the submission deadlines and provide necessary documentation to avail of any applicable tax benefits.

Patels Airtemp (India) Limited , a company specializing in heat transfer equipment, has reported a significant decline in both revenue and profitability for the first quarter of the fiscal year 2026. The company's financial results, approved by the Board of Directors on August 2, 2025, reveal the challenges faced during the period ending June 30, 2025.

Financial Highlights

Performance Overview

The unaudited standalone financial results paint a picture of a challenging quarter for Patels Airtemp. The company experienced a substantial decrease in its total income from operations, which fell by over 3,000 lakhs compared to the same period last year. This 27.25% decline in revenue signals a significant contraction in the company's business activities during the quarter.

The impact of reduced revenue is clearly reflected in the company's bottom line. Net profit saw a sharp decline of 44.64%, dropping from 506.09 lakhs to 280.19 lakhs. This decrease in profitability outpaced the revenue decline, suggesting that the company faced pressure on its margins during the quarter.

Profitability Metrics

The company's profit before tax (PBT) also witnessed a substantial decrease, falling from 679.18 lakhs to 409.64 lakhs, representing a 39.69% reduction. This decline in PBT indicates that the company's operational efficiency may have been affected during the quarter.

The earnings per share (EPS) metric, a key indicator of a company's profitability on a per-share basis, decreased from 9.25 to 5.12. This 44.65% reduction in EPS directly reflects the impact of lower profits on shareholder returns.

Corporate Governance

These financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors on August 2, 2025. The company's statutory auditors, M/s. Parikh & Majmudar, Chartered Accountants from Ahmedabad, conducted a limited review of the results.

Conclusion

The first quarter of FY2026 has presented significant challenges for Patels Airtemp, with notable declines across key financial metrics. As the company navigates through these headwinds, stakeholders will be keenly watching for any strategic initiatives or market developments that could potentially improve performance in the coming quarters.

Investors and analysts can access the detailed financial results through the company's website or the BSE India portal for a more comprehensive understanding of Patels Airtemp's financial position and performance.