Patel Engineering Ltd fixes Dec 4, 2025 as record date for 7:40 rights issue

The Allotment Committee of the Board ("Committee") of directors of Patel Engineering Ltd at its meeting held today, i.e. on November 28, 2025 has, considered and approved the following terms of the Rights Issue:

Instrument: Fully paid-up equity shares of face value ₹ 1 each

Type of Issuance: Rights Issue of Fully paid-up Equity Shares

Total number of Equity Shares and Rights Issue size: 14,77,65,820 Rights Equity Shares each for an amount aggregating to ₹ 3,98,96,77,140 (₹ 3989.67 million) (assuming full subscription)

Rights Issue Price: ₹ 27 per Rights Equity Share (including a premium of ₹ 26 per Equity Share)

Record Date: December 4, 2025

Terms of Payment: The full amount of the Rights Equity Shares (including a premium of ₹ 26 per Equity Share) will be payable as per application

Outstanding Equity Shares:

1. Prior to the Rights Issue: 84,43,76,117 equity shares of the Company

2. Post Rights Issue*: 99,21,41,937 equity shares of the Company
*Assuming full subscription

Rights entitlement ratio: The Rights Equity Shares are being offered on a rights basis to Eligible Equity Shareholders in the ratio of 7 Rights Equity Shares for every 40 fully paid-up Equity Shares held on the Record Date.

Last Date for Credit Of Rights Entitlements - December 05, 2025

Issue Opens On - December 12, 2025
Last Date for on Market Renunciation of Rights Entitlements* - December 16, 2025
Issue Closes On** - December 19, 2025
Finalisation Of Basis Of Allotment (On Or About) - December 22, 2025
Allotment Of Shares (On Or About) - December 22, 2025
Credit Of Equity Shares (On Or About) - December 23, 2025
Listing Of Shares (On Or About) - December 23, 2025

Shares of Patel Engineering Limited was last trading in BSE at Rs. 36.24 as compared to the previous close of Rs. 37.91. The total number of shares traded during the day was 8508983 in over 19381 trades.

The stock hit an intraday high of Rs. 37.71 and intraday low of 35.51. The net turnover during the day was Rs. 309168277.00.

Source : Equity Bulls

Keywords

PatelEngineering INE244B01030 FundRaising RightsIssue 7For40