Patidar Buildcon has reported a significant change in its shareholding structure. According to a disclosure made to the BSE under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011, Ramjibhai Bhimjibhai Patel and persons acting in concert have disposed of their shares in the company.

Key Details of the Transaction

Company Information

The disposal was executed through an off-market transaction, indicating a private deal rather than an open market sale. The exact number of shares sold and the transaction value were not disclosed in the available information.

Ramjibhai Bhimjibhai Patel was likely a significant shareholder or part of the promoter group, given the requirement for disclosure under SEBI regulations. The persons acting in concert with Patel in this transaction were not specifically named in the provided information.

Patidar Buildcon maintains its equity share capital at 5,500,570 shares with a face value of Rs. 10.00 each, totaling to an equity share capital of Rs. 55,005,700.00.

Investors and market participants may want to monitor further disclosures from the company for more details about the extent of the shareholding change.

Patidar Buildcon Limited , a company listed on the Bombay Stock Exchange (BSE: 524031), has reported its financial results for the first quarter, along with several significant corporate decisions taken at its recent board meeting.

Financial Performance

The company's unaudited financial results for Q1 reveal:

Patidar Buildcon reported a wider net loss of Rs 4.77 lakh for the quarter, compared to a loss of Rs 2.39 lakh in the same period last year. Despite a significant increase in revenue from operations, which rose to Rs 13.07 lakh from Rs 4.13 lakh year-over-year, the company's total expenses also increased to Rs 22.63 lakh from Rs 16.24 lakh.

The company's earnings per share stood at negative Rs 0.09, down from negative Rs 0.04 in the corresponding quarter of the previous year.

Board Meeting Outcomes

At its meeting held on August 11, 2025, the Board of Directors of Patidar Buildcon Limited approved several important matters:

1. Financial Results: The board approved the unaudited financial results for Q1 FY2026, accompanied by a Limited Review Report from the statutory auditor.

2. Memorandum of Association (MOA): The board adopted an amended MOA to align with the Companies Act, 2013, subject to shareholder approval. This includes revisions to the object clause and liability clause.

3. Articles of Association (AOA): A new set of AOA was adopted to comply with the Companies Act, 2013, replacing the existing AOA based on the Companies Act, 1956.

4. Object Clause Alteration: The board approved the addition of a sub-clause to the existing Object Clause of the MOA, subject to shareholder approval at the upcoming annual general meeting.

5. Related Party Transactions: Approval was granted for material related party transactions under Section 188 of the Companies Act, 2013, and Regulation 23 of SEBI (LODR) Regulations, 2015, subject to shareholder approval.

6. Investment Limit Increase: The board approved a proposal to increase the limit for making investments, loans, guarantees, and advances to Rs. 10 crores, exceeding the limits specified under Section 186 of the Companies Act, 2013. This is also subject to shareholder approval.

7. Annual General Meeting Preparations: The board approved the draft notice for the Annual General Meeting, Director's Report, and Secretarial Audit Report for the financial year 2024-25.

These corporate actions aim to modernize the company's governing documents, enhance operational flexibility, and ensure compliance with current regulatory requirements.

The board meeting commenced at 5:30 PM and concluded at 6:00 PM on August 11, 2025.

Investors and stakeholders should note that these changes, particularly those related to the MOA and AOA, are subject to shareholder approval at the upcoming Annual General Meeting. The amendments are expected to provide a more detailed description of the company's business activities and allow for greater flexibility in future business endeavors.