Patel Engineering Ltd. has announced the appointment of Ms. Sudha Pravin Navandar as Additional Independent Director, following a board resolution passed on March 16, 2026. The appointment was approved through circulation based on the recommendation of the company's Nomination and Remuneration Committee, in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Appointment Details

The board resolution formally appointed Ms. Navandar as Additional Independent Director for a consecutive three-year term. The appointment is subject to shareholder approval and requires compliance with regulatory disclosure requirements.

Professional Background and Qualifications

Ms. Navandar brings extensive professional credentials to her new role. She is a qualified Chartered Accountant with over 30 years of experience spanning audit, corporate consultancy, insolvency and corporate advisory matters. Her qualifications include:

• Chartered Accountant (India)
• Certified Public Accountant (USA)
• Insolvency Professional certification
• Post-qualification certification in Information System Audit (DISA)

Her diverse expertise in finance, regulatory compliance, and corporate governance positions her to contribute effectively to the company's strategic direction and risk management framework.

Current Board Positions

Ms. Navandar currently serves as Independent Director across multiple prominent companies, demonstrating her extensive board experience:

• Hinduja Energy (India) Ltd
• Hinduja National Power Corporation Ltd
• Tribhovandas Bhimji Zaveri Ltd
• Anand Rathi Financial Services Ltd
• Anand Rathi Share and Stock Brokers Ltd
• Yasho Industries Ltd
• Sudarshan Chemical Industries Ltd
• Sudarshan Colorants India Ltd

Regulatory Compliance

The appointment follows all regulatory requirements under SEBI regulations. The company confirmed that Ms. Navandar is not related to any existing director and has not been debarred from holding directorial positions by SEBI or any other regulatory authority. The disclosure was made pursuant to Regulation 30 and 51 of SEBI Listing Regulations and relevant SEBI circulars.

Strategic Impact

The appointment strengthens Patel Engineering's board composition with additional independent oversight. Ms. Navandar's commitment to maintaining high standards of integrity and professionalism aligns with the company's governance framework. Her experience in corporate advisory matters and regulatory compliance is expected to support the company's operational excellence and growth initiatives while ensuring adherence to required regulatory frameworks.

Patel Engineering Limited has secured a major infrastructure contract, being declared the lowest bidder (L1) for an irrigation project worth ₹133.25 crore from Maharashtra Krishna Valley Development Corporation, Pune. The Mumbai-based infrastructure company will execute this significant project through a joint venture arrangement, with its share valued at ₹67.96 crore.

Project Overview and Scope

The comprehensive project falls under the Tasgaon Lift Irrigation Scheme, which is part of the larger Guruvarya Late Laxmanraoji Inamdar Lift Irrigation Scheme. The initiative is designed to serve an irrigable command area (ICA) of 2,277 hectares across six villages in Satara Taluka, Satara District.

Technical Specifications and Infrastructure Development

The project encompasses extensive civil, mechanical, and electrical works across multiple components. The scope includes construction of head works, pump houses, switch yards, rising mains, delivery chambers, and installation of pumping machinery. A key feature of the project is the development of a closed pipe distribution network designed to efficiently serve the designated command area.

The technical work involves:

• Construction of critical infrastructure components including head works and pump houses
• Installation of pumping machinery with allied mechanical and electrical systems
• Development of switch yards and delivery chambers
• Excavation of deep trenches in earth soil for laying rising mains
• Comprehensive pipe installation including mild steel (M.S.) pipes, prestressed cement concrete pipes (P.C.C.P.), and high-density polyethylene (HDPE) pipes

Geographic Coverage and Implementation

The project spans across six villages within Satara District, specifically covering Tasgaon, Varne, Karandwadi, Devkarwadi, Degaon, and Nigadi. This strategic location selection ensures optimal water distribution across the designated irrigable command area, supporting agricultural development in the region.

Company Background and Expertise

Patel Engineering Ltd., established in 1949, brings 76 years of experience to this project. The company has demonstrated strong capabilities in hydropower, tunnelling, and irrigation segments, with a proven track record in both domestic and international project execution. The company's portfolio includes completion of over 85 dams, 40 hydroelectric projects, and more than 300 km of tunnelling works, primarily for central PSUs and state government organizations.

Project Timeline and Execution Strategy

The irrigation project is scheduled for completion within 48 months from commencement. The joint venture structure, with Patel Engineering holding a 51% stake, positions the company as the lead partner in project execution while leveraging collaborative expertise for comprehensive project delivery.