Quarterly Result14 May 2026, 02:52 pm
Patel Engineering Approves FY26 Financial Results
AI Summary
Patel Engineering Ltd. announced the approval of audited standalone and consolidated financial results for the year ended March 31, 2026. Additionally, the company approved the sale of its entire stake in ACP Tollways Pvt Ltd, consisting of 84,95,040 equity shares, for ₹55 crore, subject to lender approvals. The transaction is expected to be completed before March 31, 2027.
Key Highlights
- Audited financial results (standalone and consolidated) for FY26 approved.
- Sale of entire stake in ACP Tollways Pvt Ltd approved for ₹55 crore.
- Stake sale is subject to lender approvals and expected by March 2027.
- Carrying value of investment in ACP Tollways is ₹26.03 crore as of March 31, 2026.