Patel Engineering Reports Nil Rights Issue Fund Deviation

Patel Engineering confirms no deviation in Rs 3,989.68 million rights issue proceeds utilization for Q4 FY26.
The statement, filed under SEBI LODR Regulation 32, was reviewed by the Audit Committee and Board.
Funds were utilized as per objects: Rs 2,540 million for debt repayment and Rs 478.12 million for issue expenses.
CARE Ratings Limited acts as the monitoring agency for the fund utilization.