Janky Rupen Patel has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
PATELENG · price
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Promoter Mr. Rupen Patel of Patel Engineering passed away on July 5, 2024. His nominee Ms. Janky Patel has completed the final tranche of share transmission, receiving 13,52,600 equity shares (0.14% of diluted share capital) that were previously pledged and released by lenders on March 25, 2026. This brings Janky Patel's total holding to 3,08,26,733 shares (3.11% of share capital), up from 2,94,74,133 shares (2.97%) earlier. The transmission was completed on March 26, 2026 at nil consideration, as it is an inheritance transfer. The disclosure is filed under SEBI Takeover Regulation 10(1)(g), which exempts such transmissions from the requirement of making an open offer to shareholders.
This is a routine inheritance-related transfer among promoters with no change in the total promoter-group shareholding and no cash transaction involved. No material impact on the stock price or minority shareholders is expected.