PATELENG

- Patel Engineering Limited disinvested its 32% stake in associate ACP Tollways Private Limited for ₹55 Crore. - ACP Tollways had nil turnover and reported a ₹12.73 Cr loss as of March 31, 2026, with an investment carrying value of ₹26.02 Cr.

- Submission of Business Responsibility and Sustainability Report (BRSR) for FY 2025-26, fulfilling SEBI Regulation 34(2)(f). - The report details the company's ESG performance, business activities, employee data, and stakeholder grievance mechanisms. - It outlines material risks, opportunities, and mitigation strategies across various aspects of responsible business conduct.

- Management expects approximately 10% revenue growth for FY27, with EBITDA margins expected to be maintained between 13-14%. - The consolidated order book of ₹14,636 crores (as of June 30, FY26) is projected to be executed over the next 3 years. - The company is targeting ₹8,000 crores in new orders this year and has identified a near-term opportunity pipeline of approximately ₹60,000 crores. - Credit ratings were upgraded in June to A stable for long-term and A1 for short-term, reflecting improved financial profile and balance sheet discipline. - Plans to monetize non-core assets worth ₹150-200 crores in FY27 and expects a 15-20% reduction in promoter share pledge. - No exceptional items are anticipated in FY27, and finance costs are expected to remain at reduced levels. - Operational milestones include the Subansiri Lower HEP project nearing completion, with all eight units expected to be operational this financial year, and the breakthrough of the Sleemanabad Irrigation Tunnel (India's longest). - The company is focused on cost optimization through initiatives like IoT implementation across projects.

- Submission of audio recording for Investor/Analysts Meet discussing Q1 FY27 financial results (Quarter ended June 30, 2026). - Audio recording link: https://tinyurl.com/2vjpybhz - Management attendees included MD and CFO. - No unpublished price sensitive information was shared.

- Patel Engineering Limited confirmed nil deviation/variation in the utilization of proceeds from the Rights Issue for the quarter ended June 30, 2026. - The entire amount of ₹3,989.68 million raised was utilized for its stated objects: repayment of borrowings, general corporate purposes, and issue expenses.

- Q1 FY27: Consolidated Revenue ₹1,280.7 Cr (▲3.8% YoY), EBITDA ₹179.6 Cr (▲8.7% YoY), PAT ₹93.5 Cr (▲24.5% YoY). - EBITDA Margin 14.02% (▲62bps YoY). - Long-term credit rating upgraded from A- to 'A'.

- Q1 FY27 Consolidated Revenue ₹1,280.74Cr vs ₹1,233.45Cr (▲3.83% YoY) - EBITDA ₹179.60Cr vs ₹165.33Cr (▲8.63% YoY) - PAT ₹93.48Cr vs ₹75.09Cr (▲24.49% YoY) - EBITDA Margin 14.02% vs 13.40% (▲62bps)

- Q1 FY27 Consolidated Revenue ₹12,807.39 Mn vs ₹12,334.45 Mn (▲3.83% YoY) - EBITDA ₹1,796.01 Mn vs ₹1,653.33 Mn (▲8.63% YoY) - PAT ₹919.87 Mn vs ₹800.21 Mn (▲14.95% YoY) - EBITDA Margin 14.02% vs 13.40% (▲62bps)

- Concall Schedule - Concall Date: August 11, 2026 - Concall Time: 10:00 AM (IST)

- Update on the Samardung Tunnel (Teesta VI) project incident, stating rescue operations have concluded. - The bodies of all 25 personnel trapped inside the tunnel have been retrieved. - Patel Engineering will provide ex-gratia assistance of ₹5 lakh to the next of kin of each deceased.

- An incident occurred at the Samardung Tunnel project in North Sikkim on July 20, 2026. - A gas leak led to a burst/explosion, trapping 25 project personnel with casualties. - Rescue operations are underway with NDRF/SDRF, and a detailed investigation will follow.

- Trading window for insiders will be closed from July 01, 2026. - It will reopen 48 hours after the declaration of un-audited financial results for the quarter ended June 30, 2026.

- Patel Engineering Ltd. officials interacted with Valorem CXO Meet analysts/investors on June 25, 2026. - The virtual group meeting was held from 4:00 PM to 5:00 PM IST. - Discussions were based on publicly available information; no unpublished price sensitive information (UPSI) was discussed.

- Concall Schedule - Concall Date: June 25, 2026 - Concall Time: 4.00 pm to 5.00 pm IST

- Order Win: Patel Engineering Limited (PEL) received a Letter of Award (LOA) from Maharashtra Krishna Valley Development Corporation. - Project: For the Tasgaon Lift Irrigation Scheme in Maharashtra. - Order Value: Total contract value is ₹126.37 crore (excluding taxes). PEL's share is ₹64.45 crore (51%). - Completion Timeline: 48 months.

- Infomerics Ratings upgraded Patel Engineering Ltd.'s credit rating from A- to A (Long-term) and A2+ to A1 (Short-term). - This reflects the company's strong financial performance, improved liquidity profile, and robust business fundamentals.

- Patel Engineering Ltd.'s credit rating upgraded by Infomerics Valuation and Rating Private Limited. - Long Term Rating revised from IVR A- to IVR A/Stable. - Short Term Rating revised from IVR A2+ to IVR A1. - The upgrade applies to Total Bank Loan Facilities (₹6176.56 Cr) and Optionally Convertible Debentures (₹106.23 Cr). - Event occurred on June 03, 2026.

Patel Engineering Limited reported the transmission of 40,800 equity shares (0.004% of total share capital) from the late Mr. Pravin Patel, a relative of promoters who passed away on July 1, 2025, to Mr. Ryan Patel, a member of the Promoter Group. The transfer was completed on May 25, 2026, increasing Mr. Ryan Patel's holding from 2,39,900 shares (0.02%) to 2,80,700 shares (0.02%). This disclosure is made under SEBI Takeover Regulations, 2011.

Patel Engineering Limited, as a 35% JV partner, has been blacklisted by the Public Procurement Monitoring Office, Government of Nepal, from May 27, 2026, to May 26, 2029. The blacklisting resulted from disputes and termination of a contract for the Sunkoshi Marin Diversion Multipurpose Project. The company states there is no material impact on its financials or operations, as the lead partner was responsible for project execution, and disputes are pending adjudication.

Patel Engineering Ltd. was levied a penalty of ₹14 lacs by the Forest and Environment department, Sikkim, for operating a stone crusher plant without an operational license for the TEESTA STAGE-VI Hydro Electric Project during FY2023-26. The company stated there is no material financial impact, and operations continue.

Patel Engineering Ltd officials interacted with analysts and investors at Centrum's Nakshatra III Conference (virtual group meeting) on Friday, May 22, 2026, from 1:00 PM to 1:30 PM (IST). Discussions were based on publicly available information, and no unpublished price sensitive information was discussed.

Patel Engineering Limited announced the results of its Postal Ballot. The special resolutions for the appointment of Ms. Sudha Navandar and Ms. Jana Chatra as Independent Directors were passed by the requisite majority. For Ms. Navandar's appointment, 99.8752% of the polled votes were in favour, and for Ms. Chatra's appointment, 99.8995% of the polled votes were in favour.

Patel Engineering management guided for approximately 10% revenue growth in FY'27 and expects to secure around INR 8,000 crore in new orders, building on an order book of INR 15,119 crore as of March 31, 2026. The company completed INR 185 crore in non-core asset monetization in FY'26 and targets INR 150-200 crore for FY'27. Gross debt significantly reduced by INR 458 crore in FY'26, improving the debt-to-equity ratio to 0.27. Future growth is expected from hydropower, urban infrastructure, and water projects, supported by increased government capital expenditures. Management aims to reduce promoter pledge by 15-20% and expects to repay balance outstanding OCDs by FY'28.

Patel Engineering Ltd. has informed about an analyst/institutional investor meet on Friday, May 22, 2026, from 1:00 PM to 2:00 PM (IST). Company officials will participate virtually in Centrum's Nakshatra III Conference to interact with analysts and investors, with discussions based on publicly available information.

Patel Engineering Ltd. submitted the audio recording of its Investor/Analysts Meet held on May 11, 2026, to discuss the financial results for the quarter and year ended March 31, 2026. The recording is accessible via a provided link, and the company confirmed that no unpublished price sensitive information was shared during the meeting.

Patel Engineering Ltd. approved the sale of its entire stake (84,95,040 equity shares) in associate company ACP Tollways Pvt Ltd for an agreed consideration of ₹55 crore. The investment had a carrying value of ₹26.03 crore as of March 31, 2026. The transaction is subject to lender approvals and is expected to be completed before March 31, 2027. The buyer is not a promoter or related party.

Patel Engineering Ltd. reported strong Q4 FY26 consolidated Net Profit of ₹71.49 Cr vs ₹32.80 Cr in Q4 FY25 (▲117.96% YoY). Q4 FY26 Revenue from Operations stood at ₹1,421.48 Cr, and Operating EBITDA was ₹215.23 Cr with a 15.14% margin.

Standalone Revenue ₹1,413.78Cr vs ₹1,583.81Cr (▼10.73% YoY), EBITDA ₹166.91Cr vs ₹129.10Cr (▲29.29% YoY), PAT ₹68.38Cr vs ₹39.12Cr (▲74.79% YoY). EBITDA Margin 11.81% vs 8.15% (▲366bps).

Patel Engineering Limited announced an earnings conference call to discuss its financial performance for Q4FY26 and the full year ended March 31, 2026. The call is scheduled for Thursday, May 14, 2026, at 5:00 PM (IST) and will be hosted by Valorem Advisors. The management team, including the Managing Director and Chief Financial Officer, will participate.