Patel Engineering Shareholders Approve Director Appointment and MD Salary Hike

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.

Parameter	Details
Total Shareholders on Record	448,245
Record Date	November 14, 2025
Voting Period	November 19 - December 18, 2025
Results Declaration	December 19, 2025

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.

Voting Results	Votes in Favour	Votes Against	Approval Rate
Promoter Group	30,34,15,212	0	100.00%
Public Institutional	1,10,74,693	17,67,521	86.24%
Public Others	28,44,058	1,62,063	94.61%
Overall Result	31,73,33,963	19,29,584	99.40%

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.

Voting Results	Votes in Favour	Votes Against	Approval Rate
Promoter Group	30,34,15,212	0	100.00%
Public Institutional	1,10,74,693	17,67,521	86.24%
Public Others	27,13,208	2,94,658	90.20%
Overall Result	31,72,03,113	20,62,179	99.35%

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:

Financial Metric	FY 2024-25	FY 2023-24
Revenue from Operations	₹5,007.65 crore	₹4,412.04 crore
Profit Before Tax	₹339.99 crore	₹378.61 crore
Profit After Tax	₹262.21 crore	₹285.60 crore
Earnings per Share	₹3.12	₹3.69

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.39%	-4.96%	-12.02%	-31.08%	-43.43%	+106.81%

Patel Engineering Limited , a leading infrastructure and construction services company in India, has reported mixed financial results for the second quarter of fiscal year 2026 (Q2 FY26).

Revenue Growth

The company's consolidated revenue from operations for Q2 FY26 stood at Rs. 1,208.47 crore, up 2.91% compared to Rs. 1,174.33 crore in Q2 FY25. For the first half of FY26 (H1 FY26), consolidated revenue grew 7.29% year-over-year to Rs. 2,441.91 crore.

Profitability Declines

Despite the revenue growth, Patel Engineering saw a decline in profitability:

Consolidated operating EBITDA for Q2 FY26 was Rs. 158.67 crore, down 2.18% year-over-year, with the EBITDA margin contracting to 13.13% from 13.81% in Q2 FY25.
Consolidated net profit after tax and share in profit/(loss) of associates from continued operations declined 0.57% to Rs. 73.03 crore in Q2 FY26.

Order Book Remains Strong

The company's order book as of September 30, 2025, stood at Rs. 15,146 crore, providing solid revenue visibility for the coming quarters. During H1 FY26, Patel Engineering received new orders worth approximately Rs. 2,500 crore.

Key Financial Highlights

Particulars (Rs. in crore)	Q2 FY26	Q2 FY25	YoY Change
Revenue from Operations	1,208.47	1,174.33	+2.91%
Operating EBITDA	158.67	162.20	-2.18%
Net Profit	73.03	73.45	-0.57%

Management Commentary

Kavita Shirvaikar, Managing Director of Patel Engineering, commented on the results: "We are pleased to report another quarter of consistent and resilient performance, marked by growth in revenues despite the operational challenges posed by prolonged monsoons across several project sites. This outcome underscores our unwavering commitment to operational excellence, disciplined project execution, and prudent financial management."

Outlook

The company remains optimistic about future growth prospects, citing robust infrastructure momentum across India. Patel Engineering is strategically positioned to capitalize on emerging opportunities, supported by its strong order book and diversified project portfolio.

About Patel Engineering Limited

Established in 1949, Patel Engineering Limited has evolved into a construction company specializing in hydropower and irrigation segments. The company is engaged in the construction of dams, bridges, tunnels, roads, piling works, industrial structures, and other heavy civil engineering projects.

Investors and stakeholders should note that this article is based on the company's official financial results and statements. As always, it is advisable to conduct thorough research and consider various factors before making investment decisions.