Voting results of 19th AGM: both ordinary resolutions passed

Both items put to vote at the 19th AGM (held September 23, 2026) were passed as ordinary resolutions.

Thu 24 Sep 2026

Item 1 - Adoption of Financial Statements

99.9995% in favour, 0.0005% against

Item 2 - Re-appointment of Mr. Dhanji Raghavji Patel

99.9991% in favour, 0.0009% against

Total Votes Polled

23369665 out of 33400528 shares, i.e. 69.9680% of outstanding shares

Shareholders on Record Date

35275

Invalid Votes

0

What was shared

Patel Retail Limited submitted the voting results of its 19th Annual General Meeting, held on September 23, 2026 at 12.00 PM through the Bigshare ivote platform, along with the scrutinizer's report dated September 23, 2026.

Resolutions and outcome

• Item 1 (Ordinary): Adoption of the audited standalone financial statements for the financial year ended March 31, 2026, with the Board's and Statutory Auditors' reports. Votes in favour 23369554, against 111, i.e. 99.9995% in favour and 0.0005% against votes polled. Passed.
• Item 2 (Ordinary): Re-appointment of Mr. Dhanji Raghavji Patel, who retired by rotation and offered himself for re-appointment. Votes in favour 23369453, against 212, i.e. 99.9991% in favour and 0.0009% against. Passed.

Participation

• Shareholders on the record date of the voting: 35275.
• Total shares: 33400528; total votes polled 23369665, being 69.9680% of outstanding shares.
• Promoter and Promoter Group held 23380528 shares and polled 23124528 votes (98.9051% of their holding), voting entirely in favour on both items.
• Public institutions held 1287576 shares and polled 4741 votes (0.3682%), all in favour.
• Public non-institutions held 8732424 shares and polled 240396 votes (2.7529%).
• Promoters present in person or through proxy: 3; through video conferencing: 1. Public attending through video conferencing: 64.
• Invalid votes across all categories: 0.

How to read this

This is a routine annual governance step. Adopting the accounts and re-appointing a director retiring by rotation are standard AGM items. The scrutinizer, Deep Shukla of M/s. Deep Shukla & Associates, confirmed that both items secured the requisite majority and can be considered passed as ordinary resolutions. The near-unanimous approval reflects that participating shareholders, led by the promoter group's large holding, supported management on both items. No new business decision, fund-raise or transaction is disclosed here.

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