NSEAppointment30 Sept 2026 · 30 Sept 2026, 05:31 pm

Appointment

Ice Make Refrigeration Limited · ICEMAKE

✦ AI SummaryMgmt Change

Ice Make Refrigeration Limited has informed the Exchange regarding the appointment of Rajendra Patel as Managing Director of the company w.e.f. September 05, 2026, and the re-appointment of Chandrakant P. Patel and Vipul I. Patel as Managing Director and Joint Managing Directors respectively, for a period of 3 years.

Analysis Scores

Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

Ice Make Refrigeration Limited has informed the Exchange regarding Appointment of Rajendra Patel as Managing Director of the company w.e.f. September 05, 2026.

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ICEMAKE_30092026173101_MD_Reappointment.pdf

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September 30, 2026 National Stock Exchange of India Ltd, Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai – 400051 NSE Symbol: ICEMAKE Dear Sir, Sub: Intimation of approval of Shareholders for Re-appointment of Managing Directors Kindly note that the Shareholders in their 17th Annual General Meeting held today i.e. on 30th September, 2026 through VC/ OAVM, have accorded their approval for, inter alia: - Re-appointment of Mr. Chandrakant P. Patel (DIN: 02441116) as Managing Director of the Company, not liable to retire by rotation, for a period of 3 years with effect from September 05, 2026 to September 04, 2029. - Re-appointment of Mr. Rajendra P. Patel (DIN: 02441138) as Joint Managing Director of the Company, liable to retire by rotation, for a period of 3 years with effect from September 05, 2026 to September 04, 2029. - Re-appointment of Mr. Vipul I. Patel (DIN: 02473121) as Joint Managing Director of the Company, liable to retire by rotation, for a period of 3 years with effect from September 05, 2026 to September 04, 2029. In accordance Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015 read along relevant SEBI circular, the necessary disclosures including brief profile of the Managing Directors are as per Annexure-1. Thanking you, Yours faithfully, For Ice Make Refrigeration Limited Mandar Desai Company Secretary & Compliance Officer The disclosure with regard to re-appointment of Managing Directors: The details regarding re-appointment of Managing Directors in the Company as required under Regulation 30 and Schedule III of the Listing Regulations read with the Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-PoD2/I/3762/2026 dated January 30, 2026 are as under: Name of Mr. Chandrakant P. Mr. Rajendra P. Patel Mr. Vipul I. Patel (DIN – 02441138) (DIN – 02473121) Director Patel (DIN – 02441116) Category of Managing director Joint Managing director Joint Managing director Director(s) Qualification He has completed his He has completed He has completed his of Director Secondary education diesel mechanical (ITI) secondary education from Gujarat Secondary from MP Shah Collage, from Gujarat Secondary Education Board and Ahmedabad, Gujarat. Education Board. holds Diploma in Agriculture from Gujarat Agriculture University. Brief profile Mr. Chandrakant Patel, Mr. Rajendra Patel, is Mr. Vipul Patel is having & Experience is having more than 35 having more than 26 rich experience in the / Expertise in years of rich and years of rich and business of refrigeration Specific abundant experience in abundant experience in industry. He has over 25 Functional Refrigeration Industry Refrigeration Industry years of experience in Areas of Business. He heads Business. He heads the the refrigeration Director Sales & Marketing, Production of Cold business. He heads the Finance, Research & Room Panel & Account, Purchase, Development, Legal, Refrigerated Container, Production of Service etc. With this Quality Control, Design Refrigeration, Quality rich experience he has and Despatch. As the Control, HR & IT of our led the Company into head of these divisions, Company. achieving accelerated he is collectively growth in the business responsible for strategic of Refrigeration plans and Equipment & Products. implementation in the production and the quality control department. Date of Re- September 05, 2026 September 05, 2026 September 05, 2026 appointment Reason for Mr. Chandrakant P. Mr. Rajendra P. Patel Mr. Rajendra P. Patel change/ Patel was reappointed was reappointed by the was reappointed by the Terms of by the Board of Board of Directors as Board of Directors as Appointment Directors as Managing Managing Director of Managing Director of Director of the the Company for a the Company for a Company for a period period of three years period of three years of three years w.e.f. w.e.f. September 05, w.e.f. September 05, September 05, 2026 to 2026 to September 04, 2026 to September 04, September 04, 2029 in 2029 in their Board 2029 in their Board their Board Meeting Meeting held on 13th Meeting held on 13th held on 13th August, August, 2026 subject to August, 2026 subject to 2026 subject to approval of approval of approval of shareholders of the shareholders of the shareholders of the Company. Company. Company. Subsequently, the Subsequently, the Subsequently, the shareholders have shareholders have shareholders have accorded their approval accorded their approval accorded their approval to the aforementioned to the aforementioned to the aforementioned reappointment vide reappointment vide reappointment vide Special Resolution Special Resolution Special Resolution passed at the 17th AGM passed at the 17th AGM passed at the 17th AGM held on 30th September, held on 30th September, held on 30th September, 2026. He shall be liable 2026. He shall be liable 2026. He shall not be to retire by rotation. to retire by rotation. liable to retire by rotation. Shareholding 3627024 Equity Shares 3703280 Equity Shares 3655360 Equity Shares of Director in of Face Value Rs. 10/- of Face Value Rs. 10/- of Face Value Rs. 10/- the each each each Company (22.99%) (23.47%) (23.16%) Relationship Relative of Mr. Rajendra Relative of Mr. Cousin Brother of between P. Patel Chandrakant P. Patel. Mr. Chandrakant P. Directors Patel & Mr. Rajendra P. Patel Affirmation It is hereby affirmed It is hereby affirmed It is hereby affirmed that Mr. Rajendra P. that Mr. Vipul I. Patel is that the that Mr. Chandrakant P. Patel is not debarred not debarred from Director Patel is not debarred from holding the office holding the office of being from holding the office of director by virtue of director by virtue of any any SEBI order or any SEBI order or any other appointed is of director by virtue of other such authority. such authority. not any SEBI order or any debarred other such authority. from holding the office of director by virtue of any SEBI order or any other such authority Yours faithfully, For Ice Make Refrigeration Limited Mandar Desai Company Secretary & Compliance Officer