Patel Engineering Ltd-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/11/2025 ,inter alia, to consider and approve for determination of the ....
PATELENG · price
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Patel Engineering has informed stock exchanges that its Rights Issue Committee will meet on November 28, 2025 to finalise terms of its upcoming Rights Issue. This follows a Board approval on November 13, 2025 to raise up to Rs. 500 crore by issuing fully paid-up equity shares to existing eligible shareholders. The committee will decide the issue price, entitlement ratio, record date, payment mechanism, and timing of the issue. In-principle approval from stock exchanges is still pending and required before proceeding.
Shareholders should watch for the record date announcement, as only eligible shareholders on that date will receive rights entitlements. Pricing details on November 28 will determine the dilution and capital raise economics for existing investors.