Patel Engineering seeks shareholder nod for director appointments, revised pay

Patel Engineering Ltd. has initiated a postal ballot to seek shareholder approval for two special resolutions. The first resolution proposes the appointment of R.V.R. Kishore as whole-time director, effective September 22, 2025, for three years. His proposed remuneration includes a basic salary not exceeding ₹4 crore per annum, perquisites not exceeding ₹25 lakh per annum, and a performance incentive not exceeding ₹50 lakh per annum. Kishore, with over 35 years of experience in urban infrastructure, transport, tunneling, marine, power, EPC, BOT, and PPP projects, will lead operations and engineering functions.

The second resolution seeks to enhance the remuneration limit for Kavita Shirvaikar, managing director, for her remaining tenure until March 31, 2027. The proposed revision increases her salary limit from ₹4 crore per annum to ₹4.5 crore per annum. Shirvaikar, a chartered accountant with over 27 years in the infrastructure sector, has been instrumental in strategic decisions and project management at the company.

The e-voting period for these resolutions commences on November 19, 2025, and concludes on December 18, 2025. Shareholders as of the cut-off date, November 14, 2025, are eligible to cast their votes. The results are expected to be announced on or before December 20, 2025.