Patel Engineering Limited has informed the Exchange about General Updates
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Patel Engineering Limited's Board has approved the sale of its entire 84,95,040 equity shares in ACP Tollways Pvt Ltd for Rs. 55 crore. The investment carrying value is Rs. 26.03 crore as per consolidated financials as of March 31, 2026, implying a gain of approximately Rs. 29 crore on sale. The associate contributed Rs. 18.84 crore (7.78%) to consolidated profit but nil to turnover. Net worth contribution was Rs. 38.76 crore (1.02%). The transaction is subject to lender approvals of the associate company and expected to complete before March 31, 2027. The buyer is unrelated to the promoter group and the deal is not a related party transaction.
The sale would result in a book profit of ~Rs. 29 crore for Patel Engineering. While profit contribution was ~7.78%, the associate generated no revenue, suggesting it was a passive investment. The Rs. 55 crore inflow could be deployed for debt reduction or core business growth.