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 has initiated a postal ballot process to seek shareholder approval for two key resolutions, as disclosed in a recent notice to the stock exchanges.

Appointment of New Whole-Time Director

The company is seeking approval to appoint Mr. R.V.R. Kishore (DIN: 07402969) as a Whole-Time Director, designated as "Whole-time Director- Operations". Mr. Kishore, who joined the company on September 22, 2025, brings over 35 years of experience in infrastructure, including urban development, transport, tunneling, and power projects.

Key details of the proposed appointment:

• Term: 3 years from September 22, 2025
• Remuneration: Up to ₹4.00 crore annually, plus perquisites up to ₹25.00 lakh and performance incentives up to ₹50.00 lakh per annum

Salary Enhancement for Managing Director

The second resolution proposes to increase the salary limit for Ms. Kavita Shirvaikar (DIN: 07737376), the current Managing Director, from ₹4.00 crore to ₹4.50 crore per annum for her remaining tenure until March 31, 2027.

Voting Process

Shareholders can cast their votes through remote e-voting, which will be open from November 19 to December 18, 2025. The results are expected to be announced by December 20, 2025.

Company Performance

For context, Patel Engineering reported the following financial results for FY 2024-25:

These resolutions reflect Patel Engineering's efforts to strengthen its leadership team and retain key talent as it navigates the competitive infrastructure sector. Shareholders will play a crucial role in determining the outcome of these proposed changes in the company's executive structure and compensation.