Patel

PATEL ENGINEERING LTD.

CIN: L99999MH1949PLC007039

May 14, 2026

BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street, Fort,
Mumbai – 400 001

Scrip Code – 531120

National Stock Exchange of India Limited
Exchange Plaza,
Bandra Kurla Complex, Bandra (E),
Mumbai – 400 051

Symbol - PATELENG

Sub: Intimation under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please be informed that, the Board of Directors vide its resolution dated May 14, 2025 approved the proposal for sale of Company's entire stake in ACP Tollways Pvt Ltd, an associate company i.e. sale of 84,95,040 equity shares of face value Rs. 100.

The proposed transaction is subject to receipt of necessary approvals from lenders of the associate company. Further details regarding the transaction will be disclosed to the exchange upon completion of the requisite approval process/documentation.

The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, issued by the Securities and Exchange Board of India is mentioned in Annexure 1.

This is for your information and record.

Thanking you.

Yours faithfully

For Patel Engineering Limited
SHOBHA RANJIT
SHETTY
Digitally signed by SHOBHA RANJIT
Date: 2026.05.14 16:00:15 +05'30'

Shobha Shetty
Company Secretary & Compliance Officer
FCS 10047

REGD. OFFICE:
Patel Estate Road, Jogeshwari (W), Mumbai – 400 102. India
Phone +91 22 26767500, 26782916 Fax +91 22 26782455, 26781505
Email [email protected] Website: www.pateleng.com

Patel

PATEL ENGINEERING LTD.

CIN: L99999MH1949PLC007039

Annexure 1

Details under amended Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read along with Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, issued by the Securities and Exchange Board of India are as under:

Sale of stake in the associate company of the listed entity:

| a) | The amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division or undertaking or subsidiary or associate company of the listed entity during the last financial year | Turnover – nil
Net worth as on March 31,2025 – Rs. 38.76 crore ie 1.02% of consolidated net worth of the Company.
Profit as on March 31, 2025– Rs. 18.84 crore ie 7.78% of the consolidated net profit of the Company.
The carrying value of the investment is Rs. 26.03 crore in the consolidated financials of the Company as on March 31, 2026. |
| --- | --- | --- |
| b) | Date on which the agreement for sale has been entered into | The agreement shall be entered post approval of lenders of the associate company to whom these shares are pledged. |
| c) | The expected date of completion of sale/disposal | Before end of March 31, 2027 |
| d) | Consideration received from such sale/disposal | The agreed consideration to receive from the said sale is Rs 55 crore. |
| e) | Brief details of buyers and whether any of the buyers belong to the promoter/promoter group/group companies. If yes, details thereof | The proposed buyer doesn’t not belong to promoter/promoter group/group companies. |
| f) | Whether the transaction would fall within related party transactions? If yes, whether the same is done at “arm’s length | The transaction is not a related party transaction. |
| g) | Whether the sale, lease or disposal of the undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with regulation 37A of LODR Regulations | Not applicable |

REGD. OFFICE:

Patel Estate Road, Jogeshwari (W), Mumbai – 400 102. India

Phone +91 22 26767500, 26782916 Fax +91 22 26782455, 26781505

Email [email protected] Website: www.pateleng.com

Patel

PATEL ENGINEERING LTD.

CIN: L99999MH1949PLC007039

REGD. OFFICE:

Patel Estate Road, Jogeshwari (W), Mumbai – 400 102. India

Phone +91 22 26767500, 26782916 Fax +91 22 26782455, 26781505

Email [email protected] Website: www.pateleng.com