Patidar Buildcon Ltd

AGM details

• Date and time: 28 September 2026, 12:00 PM; mode: video conference/other audio-visual means.
• Record/cut-off date: 21 September 2026 for voting eligibility.

Resolutions and outcomes

• Resolution 1 (Ordinary): Adopt financial statements; passed with 99.99% in favor, 0.01% against.
• Resolution 2 (Ordinary): Reappointment of Dhirajlal Patel; passed with 99.57% in favor, 0.43% against.

AGM Details & Ordinary Business

• AGM held on 28 September 2026 at 12:00 PM via video conference.
• Ordinary Business: Adoption of Audited Financial Statements for year ended 31 March 2026.

Patidar Buildcon Ltd – Closure of Trading Window

Financial snapshot

• Revenue from operations: ₹34.17 Lakhs in FY2025-26 (down from ₹115.84).
• Total income: ₹61.26 Lakhs in FY2025-26.
• PBT: ₹-23.45 Lakhs; PAT: ₹-23.46 Lakhs; EPS: ₹-0.43.
• Dividend: No dividend declared for FY2025-26.
• Cash and cash equivalents: ₹18.16 Lakhs as of 31 Mar 2026.
• Non-current borrowings: ₹179.67 Lakhs; loans from directors: ₹179.15 Lakhs.
• Equity capital: ₹550.06 Lakhs; shares outstanding: 5,500,570.

Operations & business model

• Single business segment: Real estate; no segment reporting.
• FY2025-26 focus on top-line growth and project delivery.
• Engaged in ongoing construction projects with emphasis on quality.

Capital structure & liquidity

• Paid-up capital ₹550.06 Lakhs; total equity around ₹626.28 Lakhs (notes).
• Borrowings include ₹179.67 Lakhs non-current and ₹179.15 Lakhs director loans.
• Company exempt from certain corporate governance provisions due to small size.

Governance & audit

• Statutory auditor: Shah Thacker & Co; Internal auditor: Saurabh Patel & Associates.
• Secretarial auditor: A. Shah & Associates; four board meetings in FY2025-26.
• Secretarial audit flagged CIN mismatch on BSE portal; update recommended.
• Board evaluated performance; independence declarations obtained.

Related-party transactions

• Related parties: Director Dhirajlal Patel; relative Bhavnaben Patel.
• Receipts from related party: ₹29.30 Lakhs; end-year balance ₹139.93 Lakhs; interest ₹10.12 Lakhs.
• Rent paid to related party: ₹1.80 Lakhs.

Shareholding & AGM

• AGM scheduled via VC/OAVM on 28 Sept 2026 at 11:00 AM.
• E-voting window: 25-27 Sept 2026; cut-off date 21 Sept 2026.
• Promoters hold notable stakes; top holders include Patel and Bhavnaben groups.
• Total equity shares: 5,500,570; public shareholding ~79% (demat + physical).

Risk, outlook & controls

• Management notes modest performance; opportunities from policy reforms in real estate.
• Risks include input costs and skilled-labor shortages; internal risk management in place.
• Internal controls framework robust; no material fraud reported; audit for internal controls deemed satisfactory.

AGM Details

• Date and time: 28 September 2026 at 11:00 AM.
• Mode: VC/OAVM (video conference/other audio-visual means).
• Register of Members/Share Transfer Books closed 22 to 28 September 2026.
• Cut-off date for voting: 21 September 2026.
• Remote e-voting period: 25 to 27 September 2026.
• VC/OAVM attendance counted for quorum.

Resolutions

• Ordinary: Adoption of annual financial statements for year ended 31 March 2026.
• Ordinary: Reappointment of Dhirajlal Patel, retiring by rotation.

Director details

• Dhirajlal Patel, non-executive director, to be reappointed; remuneration Nil.
• Shareholding: 649,000 shares (11.8%).
• Relation: Brother of MD Rajnikant Patel.

Book Closure Details

• Book closure: 22 Sep 2026 to 28 Sep 2026, both days inclusive.
• Purpose: for the 37th AGM of the company.
• Record date for e-voting: 27 Sep 2026.
• AGM date and mode: 28 Sep 2026 via VC/OAVM.
• Security: equity shares.
• E-voting eligibility determined by the cut-off date.

Q1 FY27 standalone results

• Revenue from operations was Rs 9.12 lakhs for quarter ended 30 Jun 2026.
• Total income reached Rs 13.40 lakhs including other income of Rs 4.28 lakhs.
• Total expenses were Rs 15.55 lakhs; PBT was Rs -3.15 lakhs.
• PAT was Rs -3.12 lakhs; EPS (basic/diluted) Rs -0.06.
• Single reportable segment: Real Estate; standalone results disclosed.
• Board approved unaudited results on 14 August 2026; limited review by Shah Thacker & Co.
• Audit report indicates limited assurance; not an audit; conclusion not modified.

Key decisions

• Unaudited quarterly results for quarter ended 30 June 2026 approved with Limited Review Report.
• Draft AGM notice, Director's Report, and Secretarial Audit Report approved; book closure fixed for FY 2025-26.
• Appointed M/s A Shah & Associates, Practicing Company Secretary, as Scrutinizer for the ensuing AGM.