Patel Engineering Ltd, a prominent player in the infrastructure sector, has announced a significant addition to its leadership team. The company's Board of Directors has appointed Mr. R V R Kishore as an Additional and Whole-Time Director for a three-year term, commencing September 22, 2025, subject to shareholder approval.

Board Approval and Appointment Details

The appointment, approved in a board meeting held on September 12, 2025, follows the recommendation of the company's Nomination and Remuneration Committee. Mr. Kishore's term is set to run from September 22, 2025, to September 21, 2028, bringing his extensive experience to Patel Engineering's executive team.

R V R Kishore: A Seasoned Infrastructure Professional

Mr. Kishore brings over 35 years of rich experience in the infrastructure sector to his new role at Patel Engineering. His expertise spans various critical areas including:

• Urban infrastructure
• Transport
• Tunneling
• Marine projects
• Power sector
• EPC (Engineering, Procurement, and Construction)
• BOT (Build-Operate-Transfer) projects
• PPP (Public-Private Partnership) initiatives

Throughout his career, Mr. Kishore has held CXO-level positions in peer companies within the infrastructure industry. His track record includes successfully managing portfolios exceeding ₹40,000.00 crore, demonstrating his capability to handle large-scale projects and drive both top-line and bottom-line growth.

Educational Background

Mr. Kishore's educational qualifications complement his extensive practical experience:

• Bachelor of Engineering in Construction from Shivaji University (1989), graduating with First Class Honors
• Diploma Masters in Construction Management from NICMAR, Mumbai

Leadership and Strategic Expertise

Known for his strategic acumen, Mr. Kishore has been recognized for his leadership in various aspects of the infrastructure business, including:

• Strategic growth planning
• Efficient project delivery
• Effective stakeholder engagement
• Robust business development

He has a strong reputation for building and leading high-performance teams and driving sustainable growth in the organizations he has been associated with.

Compliance and Governance

In line with regulatory requirements, Patel Engineering has confirmed that Mr. Kishore is not related to any existing directors of the company. Furthermore, he is not debarred from holding directorial positions by any regulatory authority, including SEBI.

The appointment of Mr. R V R Kishore as Whole-Time Director signals Patel Engineering's commitment to strengthening its leadership team with experienced professionals. As the company continues to navigate the complex landscape of infrastructure development, Mr. Kishore's extensive experience and strategic insights are expected to contribute significantly to its future growth and project execution capabilities.

Patel Engineering has successfully raised INR 90 crore through the issuance of non-convertible debentures (NCDs) in a private placement, as announced by the company on August 26, 2025. This strategic move aims to bolster the company's financial position and support its ongoing operations.

Key Details of the NCD Issuance

Security and Repayment Structure

The NCDs are secured by a first-ranking exclusive charge over identified land parcels owned by the company. This security measure provides additional comfort to investors. The principal repayment is structured in three tranches:

1. 30% after 24 months
2. 30% after 30 months
3. 40% at maturity (36 months)

Significance of the Move

This NCD issuance demonstrates Patel Engineering's ability to access debt capital markets and diversify its funding sources. The structured repayment plan allows the company to manage its cash flows effectively while providing investors with a clear exit strategy.

Company's Statement

Shobha Shetty, Company Secretary of Patel Engineering, confirmed the allotment in a regulatory filing, stating that the Allotment Committee of the Board of Directors approved the issuance in a meeting held on August 26, 2025.

Investor Implications

For potential investors, these NCDs offer an attractive coupon rate of 10.25% with the added security of being backed by tangible assets. The listing on the National Stock Exchange will provide liquidity to the instrument.

Patel Engineering's successful raising of funds through NCDs reflects positively on its financial standing and may indicate confidence in the company's future prospects. However, investors should conduct their own due diligence and consider their risk appetite before making investment decisions.