Patel Engineering Approves Rights Issue Terms; Record Date Set
Patel Engineering approves the terms for its rights issue of ₹398.96 crore, priced at ₹27 per share, with a record date of December 4, 2025. The issue opens on December 12, 2025 and closes on December 19, 2025.
The rights issue is substantial and will likely have a noticeable impact on the company's capital structure and market activity. However, it is not a fundamental change in the business operations.
The announcement details the approval of the terms for a rights issue, which is generally perceived positively as it provides an opportunity for existing shareholders to invest further in the company.
* Allotment Committee approves terms for Rights Issue of fully paid-up equity shares. * Rights Issue of 14,77,65,820 Rights Equity Shares for ₹ 3,98,96,77,140 (₹398.96 crore) assuming full subscription. * Rights Issue Price: ₹ 27 per Rights Equity Share (including a premium of ₹ 26 per Equity Share). * Record Date: December 4, 2025. * Rights entitlement ratio: 7 Rights Equity Shares for every 40 fully paid-up Equity Shares held on the Record Date. * Last Date for Credit Of Rights Entitlements December 05, 2025 * Issue Opens On December 12, 2025 * Last Date for on Market Renunciation of Rights Entitlements December 16, 2025 * Issue Closes On December 19, 2025 * Finalisation Of Basis Of Allotment (On Or About) December 22, 2025 * Allotment Of Shares (On Or About) December 22, 2025 * Credit Of Equity Shares (On Or About) December 23, 2025 * Listing Of Shares (On Or About) December 23, 2025
What to do with a filing like this
Patel Engineering Limited filed this with the NSE as a statutory disclosure, categorised under rights issue. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Patel Engineering Limited. Read the original for the full detail.