Patel Engineering shareholders approve director appointment & MD remuneration
Patel Engineering Limited has announced the results of its postal ballot, conducted via remote e-voting, for two special resolutions. The voting period commenced on November 19, 2025, and concluded on...
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Why is Patel Engineering Limited in the news today?
Patel Engineering Limited (PATELENG) is in the news due to the resolutions for appointing a new director and enhancing the md's remuneration were passed with very high majorities across all shareholder categories, indicating strong shareholder support.
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Patel Engineering shareholders approve director appointment & MD remuneration
December 19, 2025, 12:45 PM
Patel Engineering Limited has announced the results of its postal ballot, conducted via remote e-voting, for two special resolutions. The voting period commenced on November 19, 2025, and concluded on December 18, 2025. The results, along with the scrutinizer's report, were declared on December 19, 2025.
The first resolution, concerning the appointment of Mr. R V R Kishore as Whole Time Director (DIN: 07402969), was passed with a significant majority. Promoters and promoter group shareholders voted entirely in favor (100%), while institutional holders showed 86.24% in favor, and other public shareholders voted 94.61% in favor.
The second resolution, for the enhancement of the remuneration limit for Ms. Kavita Shirvaikar, Managing Director (DIN: 07737376), also received strong approval. Promoters and promoter group shareholders voted 100% in favor. Institutional holders approved with 86.24% in favor, and other public shareholders voted 90.20% in favor.
The Board had appointed Mr. Vaibhav Dandawate and Ms. Deepti Kulkarni of M/S Makarand M Joshi & Co. as scrutinizers for the postal ballot process. The company also noted that no promoter or person from the promoter group was interested in the resolutions.
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