Patel Engineering announces ₹3.99bn rights issue at ₹27 per share

Patel Engineering Limited’s Allotment Committee, at its meeting on November 28, 2025, approved the terms for a rights issue of 14,77,65,820 fully paid-up equity shares. The issue, aggregating ₹3,98,96,77,140, will be priced at ₹27 per equity share, including a premium of ₹26. This follows an earlier Board approval on November 13, 2025, to issue equity shares for an amount not exceeding ₹5,000 million.

The rights entitlement ratio is set at 7 equity shares for every 40 fully paid-up equity shares held on the record date, December 4, 2025. The issue will open on December 12, 2025, and close on December 19, 2025. Finalization of the basis of allotment is scheduled for December 22, 2025, with equity shares expected to be credited and listed by December 23, 2025.

Post-issue, assuming full subscription, the total outstanding equity shares of the company will increase from 84,43,76,117 to 99,21,41,937. The full amount for the rights equity shares will be payable upon application.