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Patel Engineering Ltd — Regulatory Filings 2026
May 14, 2026
60771_rns_2026-05-14_d4d94393-9150-4144-8c50-a0a66523b180.pdf
Regulatory Filings
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Patel
PATEL ENGINEERING LTD.
CIN: L99999MH1949PLC007039
May 14, 2026
To,
Bombay Stock Exchange Ltd.,
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai – 400001
BSE Scrip Code: 531120
The National Stock Exchange of India Ltd.,
Exchange Plaza,
Bandra - Kurla Complex,
Mumbai – 400051
NSE Symbol: PATELENG
Dear Sirs,
Sub: Submission of statement of deviation or variation for the quarter ended March 31, 2026
Pursuant to Regulation 32 of SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015, we hereby confirm that there is no deviation or variation in the utilisation of proceeds of Rights Issue during the quarter ended March 31, 2026 from the objects as stated in Letter of Offer dated November 28, 2025.
The 'Statement of deviation', confirming Nil deviation, duly reviewed by the Audit Committee and Board of Directors is attached herewith as 'Annexure A'.
Kindly take the above information on record.
Thanking You,
For Patel Engineering Limited
SHOBHA
RANJIT
SHETTY
Digitally signed
by SHOBHA
RANJIT SHETTY
Shobha Shetty
Company Secretary
Membership No.: F10047
REGD. OFFICE:
Patel Estate Road, Jogeshwari (W), Mumbai – 400 102. India
Phone +91 22 26767500, 26782916 Fax +91 22 26782455, 26781505
Email [email protected] Website: www.pateleng.com
Patel
PATEL ENGINEERING LTD.
CIN: L99999MH1949PLC007039
Annexure A
Statement of Deviation / Variation in utilisation of funds raised
| Name of the Company | Patel Engineering Limited |
|---|---|
| Mode of Fund Raising | Rights Issue |
| Date of Raising Funds | 22-12-2025 |
| Amount Raised (in Rs. Millions) | 3,989.68 |
| Report filed for Quarter ended | 31-03-2026 |
| Monitoring Agency | Applicable |
| Monitoring Agency Name, if applicable | CARE Ratings Limited |
| Is there a Deviation / Variation in use of funds raised | No |
| If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders | NA |
| If Yes, Date of shareholder Approval | NA |
| Explanation for the Deviation / Variation | NA |
| Comments of the Audit Committee after review | No Deviation |
| Comments of the auditors, if any | NA |
Objects for which funds have been raised and where there has been a deviation, in the following table
| Original Object | Modified Object, if any | Original Allocation (Rs. in Millions) | Modified allocation, if any | Funds Utilised (Rs. In Millions) | Amount of Deviation/Variation for the quarter according to applicable object | Remarks if any |
|---|---|---|---|---|---|---|
| Repayment / pre-payment, in full or in part, of certain outstanding borrowings availed by our Company, (including any interest thereon) | No | 2,540.00 | Nil | 2,540.00 | Nil | NA |
| General corporate purposes | No | 949.68 | Nil | 949.68 | Nil | NA |
| Issue expenses | No | 500.00 | Nil | 478.12 | Nil | NA |
| Total | 3,989.68 | 3,967.80 |
Deviation or variation could mean:
(a) Deviation in the objects or purposes for which the funds have been raised or
(b) Deviation in the amount of funds actually utilized as against what was originally disclosed
or
(c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc.
SHOBHA
RANJIT
SHETTY
Digitally signed
by SHOBHA
RANJIT SHETTY
Shobha Shetty
Company Secretary
Membership No.: F10047
REGD. OFFICE:
Patel Estate Road, Jogeshwari (W), Mumbai – 400 102. India
Phone +91 22 26767500, 26782916 Fax +91 22 26782455, 26781505
Email [email protected] Website: www.pateleng.com