Patel Engineering Ltd's Board approved a rights issue to raise up to Rs. 500 crore through equity shares. The Rights Issue Committee will meet on November 28, 2025, to finalize terms including price, entitlement, and record date, pending regulatory approvals.
Patel Engineering Ltd has taken a significant step to bolster its capital base by approving a rights issue worth up to Rs. 500 crore. During the Board meeting held on November 13, 2025, the directors authorized the offering and issuance of fully paid-up equity shares to the company’s eligible shareholders, adhering to the regulatory framework under the Companies Act, 2013, and SEBI regulations.
The existing Allotment Committee has been empowered to oversee the execution of this rights issue, ensuring compliance with all applicable laws and guidelines. A crucial upcoming event is the Rights Issue Committee meeting scheduled for November 28, 2025. This session is expected to address important parameters such as the rights issue price, payment mechanisms, rights entitlement ratio, and record date.
Market participants and shareholders await the committee's decisions, which remain contingent on receiving in-principle approvals from stock exchanges and other regulatory authorities. This rights issue represents a strategic move by Patel Engineering Ltd, aimed at enhancing shareholder value and supporting the company’s financial strategies.
Important Points
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Board approved a rights issue up to Rs. 500 crore via equity shares.
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Powers delegated to the existing Allotment Committee for implementation.
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Rights Issue Committee meeting on November 28, 2025, to finalize key terms.
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Determination of issue price, entitlement ratio, and record date on agenda.
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Subject to in-principle approvals from stock exchanges and regulators.
Sources: National Stock Exchange (NSE) Circular, Patel Engineering Ltd official announcement.