The Board of Directors of Patels Airtemp (India) Limited ('the Company') at their meeting held on today i.e. Saturday, 10th September, 2022, inter alia, considered and unanimously approved the following: (1). Subject to the approval of members, the Board has approved amendment of Articles of Association; (2). Subject to the approval of members, the Board has accorded approval for conversion of loan into equity shares of the Company; (3). Issuance of Equity Shares on Preferential Basis to Promoter and Promoter Group Category; (4). Approval of Notice of Extraordinary General Meeting ('EGM') of the Company to be held on Saturday, 8th October, 2022 at 12:00 noon through VC/OAVM, to seek necessary approval of the members for the aforesaid matters; (5). Appointment of Mr. Kashyap R. Mehta, Proprietor, M/s. Kashyap R. Mehta & Associates, Company Secretaries, Ahmedabad as the Scrutinizer to scrutinize the remote e-voting & e-voting process at EGM in a fair and transparent manner.