Patel Engineering board approves ₹500 crore rights issue, Q2 and H1 FY25 results

The Board of Directors of Patel Engineering Limited, in a meeting held on November 13, 2025, approved a rights issue to raise up to an aggregate amount not exceeding ₹500 crore. This will be done through the issuance and allotment of equity shares with a face value of ₹1 each. The specific terms and conditions, including the record date, will be decided by the board or a duly constituted committee at a later date, subject to regulatory approvals.

The company also approved its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025. For the half-year ended September 30, 2025, standalone total revenue from operations was ₹24,222.58 million, with a profit for the period of ₹1,277.51 million. Consolidated total revenue from operations for the same period was ₹24,419.14 million, and the net profit after tax and share in associates was ₹1,539.74 million.

A security cover certificate confirmed compliance with financial covenants for listed Non-Convertible Debentures (NCDs). A statement on the utilization of NCD issue proceeds indicated no material deviation. Patel Engineering maintained a 100% asset cover for secured NCDs, and its debt rating is A- (stable).