Patel Engineering Corrects Redemption Date on 9,000 NCDs Worth ₹90 Crore, Sets New Maturity as August 26, 2028

Mumbai, August 29, 2025 –Patel Engineering Ltd (NSE: PATELENG, BSE: 531120) made it clear that its recent non-convertible debenture allotment has a redemption date of August 26, 2028. The clarification was made to avoid any confusion resulting from an earlier mistake in which the date was incorrectly mentioned as 25th August 2028.

Patel Engineering Ltd is approved at the National Stock Exchange of India under the ticker PATELENG, as well as on the BSE under code 531120—registered office Patel Estate Road, Jogeshwari West, Mumbai 400102.

What Changed

Patel Engineering had carried out a private placement of 9,000 senior, secured, rated, listed, and transferable NCDs, each with a face value of ₹1,00,000, amounting to ₹90 crore. Subsequently, the company has corrected the redemption date and requested that the exchanges update their records with the corrected and updated information.

Before vs After: Redemption Date

Patel Engineering has stated that the redemption date for the ₹90 crore NCD issue was incorrectly stated in the previous notice, on page 2 of the second part of the notice, which was given as August 25, 2028. The date has now been changed to August 26, 2028, in the most recent notice.

Issue Snapshot

Patel Engineering has recently allocated 9,000 senior, secured, rated, listed, and transferable non-convertible debentures (NCDs), each with a face value of ₹1,00,000, for a total of ₹90 crore. This issue was completed through a private placement, for which the allocation date is marked as August 26, 2025. These NCDs have been listed on both leading exchanges: NSE – PATELENG and BSE – 531120.

Compliance Note

The intimation refers to Regulation 30 and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the requirement to disclose this rectification in accordance with the terms of the NCDs.

Company’s Response

The company regretted the oversight and requested that the exchanges correct the known information.

Investor Impact / Outlook

The correction is process-based only and does not change the substantive financial strength of the NCD Issue. For investors, this update reinforces the company’s commitment to transparency and compliance, which fosters long-term confidence in its governance and creditworthiness, thanks to this transparency.

Share Price Snapshot

As of 2:50 p.m. IST, the Patel Engineering share price is at ₹37.17, down ₹ 0.37 (0.99%) from its last close of ₹37.54. The share opened at ₹37.57 and had intraday highs and Lows of ₹37.85 and ₹36.91, respectively.

REF: https://nsearchives.nseindia.com/corporate/PATELENG_29082025123255_SEIntimationchangeinredemptiondate.pdf

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