Patel Engineering Limited , a prominent player in the engineering and construction sector, has successfully completed its significant rights issue with the Allotment Committee approving the distribution of shares on December 22, 2025. The company has allotted 14,77,65,820 fully paid-up equity shares at ₹27 per share, raising the targeted ₹3,989.68 million.

Rights Issue Completion Details

Subscription and Allotment Summary

The rights issue witnessed strong investor response during its subscription period from December 12 to December 19, 2025. The company received applications through both regular and ASBA (Applications Supported by Blocked Amount) channels.

Trading and Regulatory Compliance

The Allotment Committee's decision on December 22, 2025, was made in consultation with NSE (the Designated Stock Exchange) and MUFG Iltimus India Private Limited (formerly Karvy Fintech Private Limited) as the Registrar. The company has published newspaper advertisements on December 24, 2025, in compliance with SEBI regulations, including publications in Financial Express, Jansatta, and Navshakti.

Financial Context and Strategic Impact

To understand the significance of this rights issue completion, examining Patel Engineering's recent financial position provides valuable context:

Market Implications

The successful completion of this rights issue positions Patel Engineering for enhanced operational capabilities. The ₹3,989.68 million capital infusion is expected to strengthen the company's balance sheet and provide resources for growth initiatives. Trading of the newly allotted rights equity shares is expected to commence on December 26, 2025, subject to listing approvals from BSE and NSE.

Investors should note that the rights equity shares can only be traded in dematerialized form on the stock exchanges. The company has fulfilled all regulatory requirements under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, ensuring compliance with listing obligations.

Patel Engineering Ltd , a veteran in the infrastructure sector, has announced a significant addition to its order book. The company has received two Letters of Intent (LOIs) for a substantial coal mining project, marking a strategic expansion in its operations.

Contract Details

Project Significance

The newly secured contract involves crucial operations in coal mining, including:

• Excavation work
• Associated activities
• Coal transportation

This project not only strengthens Patel Engineering's position in the mining sector but also contributes significantly to its growing order book.

Company's Order Pipeline

Patel Engineering's Managing Director, Ms. Kavita Shirvaiker, provided insights into the company's robust project pipeline:

Future Outlook

The company's management expressed confidence in substantial order book growth in the coming years. Key points include:

• Anticipation of projects worth nearly ₹21 lakh crores coming up for bidding in the next 1-2 years
• These projects align with Patel Engineering's core operational areas
• The new contract and future opportunities are expected to drive significant growth in the company's order book

Company Background

Patel Engineering, established in 1949, has a rich history spanning over seven decades in the infrastructure sector. The company has demonstrated its expertise in various segments:

• Hydropower projects
• Tunneling
• Irrigation

With a track record of completing 85 dams, 40 hydroelectric projects, and over 300 km of tunneling, Patel Engineering has established itself as a reliable player in both domestic and international markets.

This latest contract further cements the company's position in the infrastructure and mining sectors, potentially paving the way for sustained growth and enhanced shareholder value in the coming years.