Board Meeting14 May 2026, 02:40 pm
Patel Engineering Approves FY26 Audited Results, Stake Sale
AI Summary
Patel Engineering Ltd's board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. They also approved the sale of the company's entire stake in ACP Tollways Pvt Ltd, consisting of 84,95,040 equity shares. The sale is subject to lender approvals, with consideration of ₹55 crore expected. Further details will be disclosed upon completion of approvals and documentation.
Key Highlights
- Audited financial results for FY26 approved (standalone and consolidated).
- Approved sale of entire stake in ACP Tollways Pvt Ltd (84,95,040 shares).
- Sale consideration for ACP Tollways stake is ₹55 crore.
- Sale is subject to lender approvals of ACP Tollways.
- Carrying value of investment in ACP Tollways is ₹26.03 crore as of March 31, 2026.