The Board of Directors of the Patels Airtemp (India) Limited have recommended dividend of INR 3.00 per share (i.e. 30%) on 54,70,240 Equity Shares of INR 10 each of the Company [on increased share capital from 50,70,240 Equity Shares of INR 10 each to 54,70,240 Equity Shares of INR 10 each due to issue and allotment of 4,00,000 Equity Shares on Preferential basis) for the financial year ended on 31st March, 2023, subject to approval by the shareholders at the upcoming 31st Annual General Meeting (AGM) of the Company. The dividend, if approved by the Shareholder at the upcoming 31st AGM, would be paid to eligible shareholders within a period of 30 (thirty) days from the date of 31st AGM, subject to deduction of tax at source.