Patel Retail logo

Patel Retail MD, chairman, board of directors and AGM

NSE: PATELRMARTBSE: 544487RetailingSmall Cap

Last close ₹224.72down ₹5.44 (2.36%)BSE ₹224.50

Share price at the NSE close on 23 Oct 2026. Previous close ₹230.16.

52-week range of traded prices to 23 Oct 2026
₹150.25Low, 30 Mar 2026₹266.00High, 1 Dec 2025
Market cap
₹751 Cr1,730th largest listed
P/E
18.0
P/B
2.1
Dividend yield
Nonein the last 12 months
ROE
11.4%
ROCE
11.5%
Debt to equity
0.34
Volume, NSE
1,05,76047.9% delivered

Patel Retail board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorDhanji Raghavji Patel
  • Company Secretary and Compliance OfficerPrasad Ramesh Khopkar

6 directors3 independent2 executive1 non-executive

  • Dhanji Raghavji Patel · Chairperson and managing directorExecutive · joined Jun 2007 · 1 listed board · 1 committee seat
  • Bechar Raghavji PatelExecutive · joined Jun 2007 · 1 listed board
  • Hiren Bechar PatelNon-executive · joined Jul 2007 · 1 listed board · 1 committee seat
  • Harshini Vikas JadhavIndependent · joined Oct 2023 · reappointed Oct 2025 · 32 months as independent · 1 listed board · 1 as independent
  • Yashwant Suresh BhojwaniIndependent · joined Oct 2023 · reappointed Oct 2025 · 32 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Nitin Pandurang PatilIndependent · joined Oct 2023 · reappointed Oct 2025 · 32 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 25 May 20266 of 6 present3 independent · 111 days in between
    • 2 Feb 20266 of 6 present3 independent
  • Audit Committee

    Chair Yashwant Suresh Bhojwani

    Dhanji Raghavji Patel, Nitin Pandurang Patil

    • 25 May 20263 of 3 present2 independent · 111 days in between
    • 2 Feb 20263 of 3 present2 independent
  • Nomination and remuneration committee

    Chair Nitin Pandurang Patil

    Hiren Bechar Patel, Harshini Vikas Jadhav, Yashwant Suresh Bhojwani

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair Nitin Pandurang Patil

    Hiren Bechar Patel, Yashwant Suresh Bhojwani

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Dhanji Raghavji Patel

    Hiren Bechar Patel, Yashwant Suresh Bhojwani, Nitin Pandurang Patil

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Harshini Vikas Jadhav

    Dhanji Raghavji Patel, Bechar Raghavji Patel, Hiren Bechar Patel

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • KANU DOSHI ASSOCIATES LLPPeer-review certificate valid to Dec 2028

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Patel Retail AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Patel Retail share news and announcements

Annual general meeting, 23 Sep 2026

35,275 shareholders on the register on 16 Sep 2026; present: 4 promoters and 64 others; votes counted by Deep Omprakash Shukla / Deep Shukla & Associate.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Board of Directors and the Statutory Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 69.97% · promoters 98.91% · institutions 0.37% · other public 2.75%

  2. To appoint a Director in place of Mr. Dhanji Raghavji Patel (DIN: 01376164 ), who retires by rotation in terms of Section 152 of the Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.09%

    Turnout: all 69.97% · promoters 98.91% · institutions 0.37% · other public 2.75%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 11 Mar 2026, 3 resolutions

41,153 shareholders on the register on 6 Feb 2026; votes counted by Deep Omprakash Shukla / Deep Shukla & Associate.The company's voting result (opens in a new tab)

  1. Continuation of Mr. Bechar Raghavji Patel (DIN: 02169626) as Whole-time Director of the Company beyond the age of 70 Years.
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 70.79% · promoters 99.18% · institutions 0.00% · other public 5.41%

  2. Appointment of M/s Deep Shukla & Associates as Secretarial Auditor of the Company for a term of 5 (five) years.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 70.79% · promoters 99.18% · institutions 0.00% · other public 5.41%

  3. Approval to give loans, inter-corporate deposits, provide guarantees, and make investments exceeding the limits prescribed under Section 186 of the Companies Act, 2013.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 70.79% · promoters 99.18% · institutions 0.00% · other public 5.41%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Fines, tax disputes and stakes in unlisted companies

Reported in the filing for the quarter to Jun 2026.

  • Unlisted stake heldPatel Retail Limited has not acquired any shares or voting rights in unlisted Companies.Since 30 Jun 2026

    0.00% bought in the quarter; holding 0.00%, from 0.00%

  • Fine or penaltyNASince 30 Jun 2026

    NA

  • Tax disputeNilesh SonubalVishe, Food Safety Officer, Food and Drug Administration, Thane ("Complainant") vs. PareshJayantilalChande ("Accused 1"), Bechar Raghavji Patel ("Accused 2") and KirtiGunwantVithlani ("Accused 3")(Accused 1, Accused 2 and Accused 3 are collectively referred to as "Accused Persons") (Regular Criminal Case (R.C.C.) no. 803 / 2016)Since 26 Sep 2016
    Pending before the Court of Judicial Magistrate, First Class, First Court, Kalyan, Thane.
    At the filing before: Ongoing
  • Tax disputeNileshSonubalVishe, Food Safety Officer, Food and Drug Administration, Thane, (“Complainant”) vs. PareshJayantilalChande (“Accused 1”), BecharRaghavji Patel (“Accused 2”) and KirtiGunwantVithlani (“Accused 3”). (Accused 1, Accused 2 and Accused 3 are collectively referred to as “Accused Persons”) (Regular Criminal Case (R.C.C.) no. 804 of 2016)Since 26 Sep 2016
    Pending before the Court of Judicial Magistrate, First Class, First Court, Kalyan, Thane.
    At the filing before: Ongoing
  • Tax disputeState of Maharashtra, Ambernath Police Station (“Complainant”) vs. BecharRaghavji Patel, DhanjiRaghavji Patel, Bharat Haribhai Patel (Summons/ Summary Criminal Case (S.C.C.) no. 1720 of 2020)Since 24 Aug 2020
    Pending before the Civil and Criminal Court, Ulhasnagar
    At the filing before: Ongoing
  • Tax disputeState of Maharashtra, Shildaighar Police Station vs. BecharRaghavji Patel, DhanjiRaghavji Patel, HirenBechar Patel and Others (Regular Criminal Case (R.C.C.) no. 1453 of 2020)Since 13 Aug 2020
    Pending before the District and Sessions Court, Thane
    At the filing before: Ongoing
  • Tax disputeState of Maharashtra vs. Hiren Bechar Patel and Others ( Summons / Summary Criminal Case (S.C.C.) no. 3951 of 2017)Since 26 Oct 2017
    Pending before the Civil and Criminal Court, Ulhasnagar
    At the filing before: Ongoing
  • Tax disputeN. U. Pawar, Inspector of Legal Metrology (“Complainant”) vs. Bechar Raghavji Patel, Dhanji Raghavji Patel, Hiren Bechar Patel, Yashwant Suresh Bhojwani, Nitin Pandurang Patil, Harshini Vikas Jadhav and Patel Retail Private Limited. (Summons Case - SS CASES S/2600105/2024)Since 15 Feb 2024
    Pending before the Court of Additional Chief Metropolitan Magistrate, Borivali, Mumbai.
    At the filing before: Ongoing
28 more
  • Tax disputeS.N. Dhotre, Inspector of Legal Metrology (“Complainant”) vs. BecharRaghavji Patel, DhanjiRaghavji Patel, HirenBechar Patel and Patel Retail Private Limited. (Summons Case - SS CASES S/39/2020)Since 10 Jan 2020
    Pending before the Court of Additional Chief Metropolitan Magistrate, Borivali, Mumbai.
    At the filing before: Ongoing
  • Tax disputeMukul Developers vs. Jamiat Co-Op Housing Society Ltd, BecharRaghavji Patel and Ors (Special Civil Suit S.C.S. / 387/ 2021)Since 16 Dec 2021
    Pending before the Civil Judge , Thane.
    At the filing before: Ongoing
  • Tax disputeM/s. Jay GaribdasTranslink (proprietary firm of Hiren Bechar Patel) (“Complainant”) vs. NagjiAmbaviDuboriya (“Respondent”). (Summary Criminal Case No. 4366/ 2021)Since 15 Nov 2021
    Pending before the Court of Judicial Magistrate First Class, Ulhasnagar
    At the filing before: Ongoing
  • Tax disputeM/s. Jay Garibdas BMS (partnership firm, through one of its partners- Hiren Bechar Patel) (“Complainant”) vs. NagjiAmbaviDuboriya (“Respondent”) (Summary Criminal Case No. 4368/ 2021)Since 27 Nov 2021
    Pending before the Court of Judicial Magistrate First Class, Ulhasnagar
    At the filing before: Ongoing
  • Tax disputeM/s. Jay GaribdasTranslink (proprietary firm of HirenBechar Patel) (“Complainant”) vs. NagjiAmbaviDuboriya (“Respondent”). (Summary Criminal Case No. 4383/ 2021)Since 28 Nov 2021
    Pending before the Court of Judicial Magistrate First Class, Ulhasnagar
    At the filing before: Ongoing
  • Tax disputeM/s. Jay GaribdasTranslink (proprietary firm of HirenBechar Patel) (“Complainant”) vs. NagjiAmbaviDuboriya (“Respondent”) ( Summary Criminal Case No. 4381/ 2021)Since 18 Nov 2021
    Pending before the Court of Judicial Magistrate First Class, Ulhasnagar.
    At the filing before: Ongoing
  • Tax disputeM/s. Jay GaribdasTranslink (proprietary firm of HirenBechar Patel) (“Complainant”) vs. NagjiAmbaviDuboriya (“Respondent”) (Summary Criminal Case No. 4365/ 2021)Since 16 Nov 2021
    Pending before the Court of Judicial Magistrate First Class, Ulhasnagar
    At the filing before: Ongoing
  • Tax disputeM/s. Jay GaribdasTranslink (proprietary firm of Hiren Bechar Patel) (“Complainant”) vs. NagjiAmbaviDuboriya (“Respondent”). (Summary Criminal Case No. 4382/ 2021)Since 18 Nov 2021
    Pending before the Court of Judicial Magistrate First Class, Ulhasnagar
    At the filing before: Ongoing
  • Tax disputeM/s. Jay GaribdasTranslink (proprietary firm of HirenBechar Patel) (“Complainant”) vs. NagjiAmbaviDuboriya (“Respondent”).(Summary Criminal Case No. 4374/ 2021)Since 17 Nov 2021
    Pending before the Court of Judicial Magistrate First Class, Ulhasnagar
    At the filing before: Ongoing
  • Tax disputeM/s. Jay GaribdasTranslink (proprietary firm of HirenBechar Patel) (“Complainant”) vs. NagjiAmbaviDuboriya (“Respondent”) (Summary Criminal Case No. 4372/ 2021)Since 16 Nov 2021
    Pending before the Court of Judicial Magistrate First Class, Ulhasnagar
    At the filing before: Ongoing
  • Tax disputeM/s. Jay GaribdasTranslink (proprietary firm of HirenBechar Patel) (“Complainant”) vs. NagjiAmbaviDuboriya (“Respondent”). (Summary Criminal Case No. 4369/ 2021)Since 16 Nov 2021
    Pending before the Court of Judicial Magistrate First Class, Ulhasnagar
    At the filing before: Ongoing
  • Tax disputeM/s. Jay Garibdas BMS (partnership firm, through one of its partners- HirenBechar Patel) (“Complainant”) vs. NagjiAmbaviDuboriya (“Respondent”) ( Summary Criminal Case No. 4370/ 2021)Since 15 Nov 2021
    Pending before the Court of Judicial Magistrate First Class, Ulhasnagar
    At the filing before: Ongoing
  • Tax disputeM/s. Jay GaribdasTranslink (proprietary firm of HirenBechar Patel) (“Complainant”) vs. NagjiAmbaviDuboriya (“Respondent”) ( Summary Criminal Case No. 4373/ 2021 )Since 18 Nov 2021
    Pending before the Court of Judicial Magistrate First Class, Ulhasnagar
    At the filing before: Ongoing
  • Tax disputeM/s. Jay GaribdasTranslink (proprietary firm of HirenBechar Patel) (“Complainant”) vs. NagjiAmbaviDuboriya (“Respondent”). (Summary Criminal Case No. 4380/ 2021)Since 16 Nov 2021
    Pending before the Court of Judicial Magistrate First Class, Ulhasnagar
    At the filing before: Ongoing
  • Tax disputeDeputy Commissioner of State Tax-Bhiwandi FY 2025-26 (DRC-01A)Since 4 Jun 2026
    Document submitted manually by SH Kukreja Team (ACK Received)
    At the filing before: Ongoing
  • Tax disputeDeputy Commissioner of State Tax-Bhiwandi FY 2021-22 (DRC-01A)Since 18 Mar 2026
    Reply Furnished Pending for action by tax officer Order for creation of demand issued
    At the filing before: Ongoing
  • Tax disputeDeputy Commissioner of State Tax-Bhiwandi FY 2020-21 (DRC-01A)Since 18 Mar 2026
    Reply Furnished Pending for action by tax officer
    At the filing before: Ongoing
  • Tax disputeDeputy Commissioner of State Tax-Bhiwandi FY 2023-24 (parameter 0070/ 0072/ 0073/ 0074Since 16 Jan 2026
    Reply Furnished Pending for action by tax officer
    At the filing before: Ongoing
  • Tax disputeDeputy Commissioner of State Tax-Bhiwandi FY 2021-22 (Intimation of Liability under Section 73/74 (Avaneesh Enterprises)Since 27 Dec 2025
    Document submitted manually by SH Kukreja Team (ACK Received) Order for creation of demand issued
    At the filing before: Ongoing
  • Tax disputeDeputy Commissioner of State Tax-Bhiwandi FY 2021-22 (Intimation of Liability under Section 73/74 (Om prakash pandy)Since 27 Dec 2025
    Writ Petetion Filed by ADV Roshan
    At the filing before: Ongoing
  • Tax disputeDeputy Commissioner of State Tax-Bhiwandi FY 2022-23 (Notice for conducting Audit u/s 65(3) (GST ADT-01))Since 28 Oct 2025
    Document submitted via Mail by SH Kukreja Team 23-02-26
    At the filing before: Ongoing
  • Tax disputeDeputy Commissioner of State Tax-Bhiwandi FY 2021-22 (DRC-01) (OM SAI ENT & OMPRAKASH PANDEY)Since 30 Sep 2025
    Reply Furnished Pending for action by tax officer/SCN Received on 30/09/2025, Reply given against SCN/ Order Passed by Officer 27/12/2025
    At the filing before: Ongoing
  • Tax disputeDeputy Commissioner of State Tax-Bhiwandi FY 2021-22 (ASMT-10)Since 8 Feb 2024
    Reply Furnished Pending for action by tax officer
    At the filing before: Ongoing
  • Tax disputeDeputy Commissioner of State Tax-Bhiwandi FY 2019-20 (ASMT-10)/2Since 22 Dec 2024
    Reply Furnished Pending for action by tax officer
    At the filing before: Ongoing
  • Tax disputeDeputy Commissioner of State Tax-Bhiwandi FY 2019-20 (ASMT-10)/1Since 24 Dec 2019
    Reply Furnished Pending for action by tax officer
    At the filing before: Ongoing
  • Tax disputeDeputy Commissioner of State Tax-Superintendent, Gujarat GST FY 2019-20/2020-20201 (SCN)Since 29 Sep 2025
    Reply furnished, pending for order by tax officer DRC-07 Issued as on 25-03-2026
    At the filing before: Ongoing
  • Tax disputeMOV-09 Order of Demand & MOV-01, Superintendent, Gujarat GSTSince 23 Jan 2024
    Order passed in favour of revenue, Company has filed appeal against the order/Hearing notice issued on 18/04/2025
    At the filing before: Ongoing
  • Tax disputeDeputy Commissioner of State Tax-Superintendent, Gujarat GST FY 2019-20 (ASMT-10)Since 8 Jan 2024
    Reply Furnished Pending for action by tax officer
    At the filing before: Ongoing

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2026.

RaisedAmount raisedForSet asideSpentSpent elsewhere
Public IssuesAug 2025, checked by ICRA LIMITED2.04Repayment/Prepayment of Borrowing in Full0.590.59No
Public IssuesAug 2025, checked by ICRA LIMITED2.04Working Capital1.151.15No
Public IssuesAug 2025, checked by ICRA LIMITED2.04General Corporate Purpose0.300.17No
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.