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.
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Ryan Rupen Patel, a member of the Promoter Group, received 40,800 equity shares of Patel Engineering Limited through transmission following the death of Mr. Pravin Patel (relative of promoters, not immediate relative) on July 1, 2025. The nominee transfer was completed on May 25, 2026. The filing notes that the shares were previously pledged and the pledge was released before transmission. The total shares acquired represent just 0.004% of the company's diluted share capital, with no purchase price involved. Post-transaction, Ryan Patel's holding increased marginally from 2,39,900 shares (0.02%) to 2,80,700 shares (0.02%). This transfer qualifies for exemption under Regulation 10(1)(g) of SEBI (SAST) Regulations, 2011, which covers acquisitions via testamentary or intestate succession.
This is a routine inheritance-driven transfer within the promoter group with negligible shareholding change. No impact on stock price or minority shareholder interests is expected.