Date: August 28, 2026
Disinvestment / Strategic Actions
- Patel Engineering Limited has successfully transferred 84,95,040 equity shares of face value ₹100 each, representing 32% of the issued and paid-up equity share capital of ACP Tollways Private Limited
- The shares were transferred to APCO Infratech Private Limited and other individual buyers
- Consideration received: ₹55 crore
- Agreement date: August 27, 2026
- Completion date: August 28, 2026
Financial Impact of Disinvestment
- ACP Tollways' financial contribution to Patel Engineering as of March 31, 2026:
- Turnover: nil
- Net worth: ₹26.02 crore (0.59% of consolidated net worth)
- Loss: ₹12.73 crore (-4.32% of consolidated net profit)
- Carrying value of investment: ₹26.02 crore in consolidated financials
Buyer Details
- APCO Infratech Private Limited - Registered office in Gomti Nagar, Lucknow
- Primary business: Infrastructure development, road construction, and tollway operations
- Other buyers are individuals
- None of the buyers belong to promoter/promoter group/group companies
- Transaction is not a related party transaction and conducted at arm's length
Company Representative
- Shobha Ranjit Shetty, Company Secretary and Compliance Officer (FCS 10047) signed the disclosure
Not Specified: KMP / Board / Auditor Changes, Dividend Declaration, Board Meeting Outcomes, Financial Results, Auditor's Report, Media Release / Investor Communication