Patel Engineering Limited has informed the Exchange that Board of Directors at its meeting held on November 28, 2025, has decided to issue equity shares on rights basis in the ratio of 147765820 : 844376117, i.e 147765820 Equity Shares for every 844376117 Equity Shares held. Issue Price is 27 per share.
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Patel Engineering Limited's Board of Directors, at a meeting held on November 28, 2025, approved a rights issue of equity shares to existing shareholders. The issue ratio is 147,765,820 new equity shares for every 844,376,117 existing equity shares held, which roughly translates to about 1 new share for every 5.7 shares currently held (approximately 17.5% of existing holdings). The issue price has been fixed at ₹27 per share. Existing shareholders will be eligible to subscribe to these new shares in proportion to their current holdings.
This is a capital-raising move that will lead to dilution of existing shareholdings if fully subscribed. The attractiveness for shareholders depends on the prevailing market price versus the ₹27 issue price, and whether they have the funds to subscribe to their entitlement.