Ryan 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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Mr. Ryan Rupen Patel, a member of the promoter group of Patel Engineering Limited, received 1,49,900 equity shares by way of transmission (inheritance) following the demise of Ms. Chandrika Patel, another promoter group member, in January 2023. The shares were originally pledged and were released before the transmission, which was completed on March 26, 2026. As a result, Mr. Ryan Patel's holding increased from 90,000 shares (0.01%) to 2,39,900 shares (0.02%) of the company's paid-up share capital. The transfer was carried out at Nil consideration as it is a succession-related event, not a market purchase.
This is a routine internal promoter group reshuffle due to inheritance and has no material effect on the company's shareholding pattern or stock price. Total promoter group ownership remains unchanged, and the move is purely procedural in nature.