Patel Engineering Limited , a prominent infrastructure and construction company, is set to hold a crucial Allotment Committee meeting on November 28, 2025, to finalize the terms of its proposed rights issue. The company aims to raise up to Rs. 500 crore through this equity fundraise, which was initially approved by the Board of Directors on November 13, 2025.

Key Details of the Rights Issue

The upcoming meeting will address several critical aspects of the rights issue:

• Determination of the rights issue price
• Establishment of the rights entitlement ratio
• Setting of the record date
• Finalization of the issue timing

These decisions are subject to receiving in-principle approval from the stock exchanges where Patel Engineering's securities are listed, as well as other necessary regulatory authorizations.

Financial Context

While the primary focus of this news is the upcoming rights issue, it's worth noting Patel Engineering's recent financial position to provide context for this fundraising effort:

The company's decision to raise funds through a rights issue comes at a time when it has shown growth in its asset base and shareholder's capital over the past year.

Implications for Shareholders

Existing shareholders of Patel Engineering should pay close attention to the outcomes of the November 28 meeting, as it will determine their rights and opportunities in this new issue. The rights entitlement ratio, in particular, will be crucial in understanding how many additional shares each shareholder can subscribe to.

Conclusion

The upcoming Allotment Committee meeting marks a significant step in Patel Engineering's capital raising efforts. As the company moves forward with its Rs. 500 crore rights issue, investors and market watchers will be keenly awaiting the finalized terms.

Patel Engineering Ltd shareholders have approved two key resolutions through a postal ballot process, with results declared on December 19, 2025. The company successfully secured shareholder consent for executive appointments and compensation enhancements.

Postal Ballot Results Overview

The voting process, conducted through remote e-voting from November 19 to December 18, 2025, saw strong shareholder participation. Mr. Vaibhav Dandawate of M/s Makarand M Joshi Co served as the scrutinizer for the postal ballot process.

Resolution 1: New Whole-Time Director Approved

Shareholders overwhelmingly approved the appointment of Mr. R.V.R. Kishore (DIN: 07402969) as Whole-Time Director with the designation "Whole-time Director- Operations". The resolution received strong support across all shareholder categories.

Key appointment details:

• Term: 3 years from September 22, 2025
• Annual remuneration: Up to ₹4.00 crore
• Additional perquisites: Up to ₹25.00 lakh
• Performance incentives: Up to ₹50.00 lakh per annum
• Experience: Over 35 years in infrastructure projects

Resolution 2: MD Salary Enhancement Approved

The second resolution to increase Managing Director Ms. Kavita Shirvaikar's (DIN: 07737376) salary limit from ₹4.00 crore to ₹4.50 crore per annum also received strong shareholder approval.

The enhanced salary structure will remain effective for Ms. Shirvaikar's remaining tenure until March 31, 2027.

Company Performance Context

These leadership decisions come as Patel Engineering continues to demonstrate solid financial performance:

The successful approval of both resolutions reflects strong shareholder confidence in the company's leadership strategy and compensation framework. These changes are expected to strengthen Patel Engineering's executive team as it continues to navigate opportunities in the infrastructure sector.