Sub.: Outcome of Board Meeting dated December 16, 2022 of Patel Engineering Limited (the "Company") under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("SEBI LODR Regulations")
Dear Sir/ Madam,
Further to our letter dated December 13, 2022 and in accordance with the provisions of Regulation 30 of the SEBI LODR Regulations, we wish to inform you that the board of directors ("Board") of the Company at their meeting held today, i.e. December 16, 2022, approved the raising of funds, through issuance and allotment of equity shares having face value of ₹ 1 each up to an aggregate amount of ₹ 350 crores (Rupees Three Hundred Fifty Crores), on rights basis and on such terms (as decided by the Board or a constituted committee of the Board, at a later date) to the eligible equity shareholders of the Company, as on the record date (to be notified subsequently), subject to receipt of regulatory/ statutory approvals, in accordance with the applicable laws including the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, SEBI LODR Regulations and the Companies Act, 2013, and rules and regulations made thereunder, each as amended from time to time and approved other related matters including the constitution of a Rights Issue Committee to implement the proposal of Rights Issue.
The meeting commenced at 9 a.m. and concluded at 10.40 a.m.
We request you to take the above same on your record.
Thanking you,
Yours faithfully,
For Patel Engineering Limited
Shobha
Ranjit
Shetty
Digitally signed by Shobha Ranjit Shetty
Date: 2022.12.16 10:48:57 +05'30'
Shobha Shetty
Company Secretary and Compliance Officer
Membership No. F10047
REGD. OFFICE:
Patel Estate Road, Jogeshwari (W), Mumbai - 400 102. India
Patel Engineering Limited published this content on 16 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 December 2022 05:52:02 UTC.
Patel Engineering Limited is an India-based company, which is engaged in civil engineering and construction of hydro projects, dams, tunnels, roads, railways. It is also involved in real estate activities with owned or leased property. Its power, dams and tunnel projects include Kiru HEP Project, Jammu and Kashmir (J&K), IRCON T15 in J&K, KRCL Tunnel T-2 in J&K, Arun-3 HEP Project, Nepal, Kundah Package I & II, Tamil Nadu and Parnai H.E. Project, J&K. Its irrigation projects include Sleemanabad Carrier Canal, Madhya Pradesh, Jigaon Lift Irrigation, Maharashtra, Suthaliya Irrigation Project, Madhya Pradesh and Parbati Irrigation Project, Madhya Pradesh. Its urban infrastructure and roads include Shivane to Mhatre bridge, Selapass Road and Tunnel, Up-gradation - Pimpla junction, Amarmahal to Trombay Tunnel, Hindoli - Nainwa Water Supply Project, RVNL Project, PGRW Tunnel. Its subsidiaries include Zeus Minerals Trading Pvt. Ltd., Friends Nirman Pvt. Ltd., and Patel Lands Ltd.
PATEL ENGINEERING LIMITED 
