Patel Engineering Limited — Important, 25-07-2025: General Updates

Patel Engineering's committee approved issuing Senior, Secured, Rated Non-Convertible Debentures (NCDs) via private placement. The total issue size is up to INR 100 Crore, including a green shoe option. These NCDs carry a 10.25% monthly coupon rate and have a 36-month tenure. Principal repayment is staggered over 24, 30, and 36 months. The debentures will be secured by identified land parcels and are proposed for listing on NSE. This move aims to strengthen the company's financial position.