Patel Retail Limited Board Approves Q1 FY27 Unaudited Financial Results and 19th AGM Notice
Patel Retail Limited reported unaudited standalone results for Q1 FY27. Revenue from operations was ₹30,953.51 lakhs. Profit after tax was ₹951.60 lakhs, with Basic and Diluted EPS at ₹2.85. The 19th AGM is scheduled for September 23, 2026. Book closure is from September 16 to September 23, 2026.
The approval of quarterly financial results and the notice for the AGM are standard corporate actions. The financial performance details are material for investors, and the upcoming AGM sets future corporate direction, making the impact medium.
The announcement primarily reports financial results and upcoming corporate events, which are routine disclosures. While the results show a profit, there are no significant positive or negative surprises that would strongly influence sentiment.
Patel Retail Limited announced the outcome of its Board meeting held on August 12, 2026. The Board considered, reviewed, and approved the Unaudited Standalone Financial Results for the quarter ended June 30, 2026, along with the Limited Review Report from M/s. Kanu Doshi Associates LLP.
Additionally, the Board approved the Board's Report for the financial year ended March 31, 2026, and the Notice of the 19th Annual General Meeting (AGM). The 19th AGM is scheduled to be held on Wednesday, September 23, 2026, at 12:00 P.M. IST, through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).
M/s. Deep Shukla & Associates, Practising Company Secretaries, has been appointed as the Scrutinizer for conducting the Remote E-Voting and E-Voting during the AGM. The book closure for the 19th AGM will be from Wednesday, September 16, 2026, to Wednesday, September 23, 2026, inclusive.
The Board meeting commenced at 11:30 A.M. IST and concluded at 12:19 P.M. IST. The unaudited standalone financial results for the quarter ended June 30, 2026, show total income of ₹31,023.51 lakhs and total expenses of ₹29,741.60 lakhs, resulting in a profit before tax of ₹1,281.91 lakhs. Profit for the period after tax was ₹951.60 lakhs. Basic and Diluted EPS stood at ₹2.85.
The company also provided details on the utilization of IPO proceeds, stating that as of June 30, 2026, ₹1,500.00 lakhs and ₹17,626.26 lakhs were utilized for 'Funding working capital requirements of the company' and 'Repayment and/or prepayment, in part or in full, of certain outstanding borrowings' respectively. General corporate purposes had ₹826.24 lakhs utilized, with ₹1,294.75 lakhs unutilized. The company noted a change in the depreciation method from WDV to SLM, which prospectively increased profit before tax by approximately ₹170.94 lakhs for the quarter. Figures for the quarter ended June 30, 2025, are not comparable due to the recognition of Right-of-Use (ROU) assets and corresponding lease liabilities under Ind AS 116.
A plain-language summary of a public exchange filing by Patel Retail Limited. Read the original for the full detail.