Company Name and Scrip Code

Patel Engineering Limited (BSE: 531120, NSE: PATELENG)

Document Title and Date

Submission of statement of deviation or variation for the quarter ended June 30, 2026. Dated August 10, 2026.

Total Funds Raised and Source of Funds

  • Total Funds Raised: Rs 3,989.68 million
  • Source of Funds: Rights Issue
  • Date of Fund Raising: December 22, 2025

Planned vs. Actual Utilization by Category

| Category | Original Allocation (Rs. Millions) | Funds Utilized (Rs. Millions) | Deviation |

| Repayment/prepayment of outstanding borrowings | 2,540.00 | 2,540.00 | Nil |

| General corporate purposes | 949.68 | 971.23 | Nil |

| Issue Expenses | 500.00 | 478.45 | Nil |

| Total | 3,989.68 | 3,989.68 | Nil |

Variance and Reasons

There is no deviation or variation in the utilization of proceeds from the Rights Issue. The company confirms full compliance with the objects stated in the Letter of Offer dated November 28, 2025.

A minor internal reallocation occurred: During the reporting period, the company transferred Rs. 21.55 million from the escrow account to the monitoring account for utilization towards general corporate purposes. As per the Letter of Offer, this amount representing excess issue expense was adjusted against General Corporate Purpose.

Unutilized Funds Status

All funds have been fully utilized as of the reporting period. There are no unutilized funds remaining.

Reporting Period Covered

Quarter ended June 30, 2026

Additional Information

  • Monitoring Agency: CARE Ratings Limited
  • Regulatory Compliance: Filed pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Audit Committee Review: Confirmed no deviation