Ryan Patel, a member of the promoter group, acquired 40,800 equity shares of Patel Engineering through transmission on May 25, 2026. The transfer follows the death of Mr. Pravin Patel, a relative of the promoters, who passed away on July 1, 2025. The shares represent 0.004% of the diluted share capital of the company.

The transaction was executed pursuant to the release of a pledge on the aforementioned shares. The transmission falls under the exemption provided by Regulation 10(1)(g) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Consequently, the shares will be dealt with in accordance with applicable succession laws.

Disclosures regarding the acquisition were submitted to the National Stock Exchange of India Limited and BSE Limited on May 28, 2026. The filing confirmed that no disclosure was required under Regulation 10(5) prior to the completion of the transaction.

Shareholding Details

The transfer altered the shareholding positions of both the acquirer and the deceased transferor. The following table outlines the changes in shareholding:

The acquisition was made at nil consideration, consistent with the nature of transmission via succession. Ryan Patel’s total holding in Patel Engineering Limited now stands at 2,80,700 equity shares.

Patel Engineering Ltd disclosed that its joint venture, RAMAN PATEL J.V., has been blacklisted by the Public Procurement Monitoring Office, Government of Nepal. The blacklisting order, published on May 27, 2026, is effective immediately and will remain in force until May 26, 2029. The joint venture includes the company and Raman Construction Private Limited.

The regulatory action follows the termination of a contract for the Sunkoshi Marin Diversion Multipurpose Project, Lot-1, awarded by the Ministry of Energy, Department of Water Resources and Irrigation, Government of Nepal. Patel Engineering holds a 35% stake in the joint venture, while Raman Construction Private Limited is the lead partner holding 65%.

Disputes arose between the joint venture and the employer regarding their respective obligations, leading to the contract termination and subsequent blacklisting. The company noted that the issues regarding all disputes are currently pending adjudication and remain sub-judice.

Patel Engineering stated that all project execution activities were the domain and responsibility of Raman Construction Private Limited, the lead partner. Consequently, the company reported that there is no material impact on its financials or operations resulting from this action.