Patel Engineering Rights Issue Record Date on December 3: All You Need to Know

Patel Engineering Limited has announced its Rights Issue for 2025, which will be open from December 12 to December 19, 2025. The issue comprises 14,77,65,820 shares, amounting to ₹398.97 crores, offered at a price of ₹27 per share with a face value of ₹1. The shares will be listed on both BSE and NSE. Investors are required to pay the full amount of ₹27 per share at the time of application. Shareholders will be entitled to 7 rights equity shares for every 40 fully paid-up equity shares held on the record date.

Patel Engineering said in an exchangefiling, “The Board of Directors of the Company (“Board”) dated November 13, 2025, wherein the issuance of fully paid up equity shares of face value of ₹ 1 each of the Company (“Rights Equity Shares”) for an amount not exceeding ₹5,000 million by way of a rights issue (“Rights Issue”), in accordance with applicable laws, was approved and our prior intimation dated November 25, 2025.”

Patel Engineering Rights Issue: Key Dates to Know

Objective of Rights Issue

The net proceeds from the rights issue will be utilised towards the following purposes:

• Prepayment and/ or repayment of certain outstanding borrowings availed by the company (including interest thereon); and
• General corporate purposes

Also Read: New Labour Codes 2025: 2-Day Full and Final Settlement Rule for All Employees

About Patel Engineering Limited

Established in 1949, Patel Engineering has evolved into a leading construction company with a strong focus on hydropower and irrigation infrastructure. Its expertise spans the development of dams, bridges, tunnels, roads, industrial facilities, and other large-scale civil engineering projects.

Over the decades, the company has contributed to more than 15,000 MW of hydropower capacity, constructed over 87 dams, completed 300 km of tunnels and 4,000 meters of shaft works, built over 1,200 km of roads, and supported irrigation for more than 0.55 million acres.

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