Patel Engineering Limited has informed the Exchange about General Updates
PATELENG · price
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Patel Engineering has informed the stock exchanges about a correction to its earlier August 26, 2025 communication regarding the allotment of 9,000 Senior, Secured, Rated, Listed and Transferable Non-Convertible Debentures on a private placement basis. Each NCD has a face value of INR 1,00,000, aggregating to INR 90 crore in total. The company clarified that the redemption date was incorrectly stated as August 25, 2028 in the earlier filing, and the correct redemption date is August 26, 2028. The company has apologized for the inadvertent error and requested exchanges to update their records accordingly.
This is only a minor administrative correction to a previously disclosed NCD issuance — the one-day change in redemption date has no material impact on shareholders or the stock. The underlying INR 90 crore NCD raise remains unchanged.