Patel Engineering Limited — Important, 03-12-2025: Updates

Patel Engineering announced a Rights Issue of 14.78 Cr shares at ₹27 each, raising ₹398.97 Cr. Funds target ₹254 Cr debt repayment and general corporate needs. Auditors noted going concern risks for two subsidiaries and a halted project for one. Significant litigation (civil/tax over ₹3000 Cr) and 36.11% promoter share pledge are key investor considerations.