Patel Engineering to finalize rights issue terms next week

Patel Engineering Limited announced an upcoming meeting of its Rights Issue Committee on November 28, 2025. This committee will finalize various aspects of the previously approved rights issue, which aims to raise up to Rs.500 crore through the issuance of fully paid-up equity shares.

The meeting's agenda includes determining the rights issue price, payment mechanism, rights entitlement ratio, the record date, and the timing of the rights issue. This follows the board of directors' approval on November 13, 2025, for the rights issue and the delegation of powers to the Allotment Committee.

The finalization of these terms is contingent upon receiving in-principle approval from the stock exchanges where Patel Engineering's securities are listed and from other regulatory authorities. This development is crucial for eligible equity shareholders anticipating participation in the rights issue.