Regulatory14 May 2026, 08:11 pm
Patel Engineering: Monitoring Agency Report for FY26
AI Summary
Patel Engineering Ltd. has released the Monitoring Agency Report for the quarter and financial year ended March 31, 2026, as per Regulation 32(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report, issued by CARE Ratings Limited, confirms no deviation in the utilization of issue proceeds from the objects stated in the Letter of Offer for Rights Issue of Equity Shares dated November 28, 2025. The rights issue aggregated to ₹398.97 crore.
Key Highlights
- Monitoring Agency Report for Q4 and FY26 issued by CARE Ratings.
- No deviation in utilization of issue proceeds from Rights Issue.
- Rights Issue aggregated to ₹398.97 crore.
- Report reviewed by Board of Directors & Audit Committee.
Price Impact
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