PATEL ENGINEERING LTD.-$ - 531120 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release on declaration as lowest bidder14-02-2023
14-02-2023
PATEL ENGINEERING LTD.-$ - 531120 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
In continuation of the letter dated February 06, 2023 related to the Investor Conference Call to discuss the Financial Results for the Quarter and nine months ended December 31, 2023 and pursuant to Regulations 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), please find enclosed the Transcripts of the Company''s Investor Call.13-02-2023
PATEL ENGINEERING LTD.-$ - 531120 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Further to our intimation dated January 31, 2023 informing issue period and record date as well as our email communication dated February 01, 2023 for submission of Letter of Offer dated January 31, 2023, please note that the Company has issued an advertisement under Regulation 84(1) of the SEBI ICDR Regulations, which includes, inter alia, details of the date of completion of despatch of the abridged letter of offer and application form, details in relation to centres where shareholders or persons entitled to receive rights entitlement may obtain duplicate copies of applications forms and details in relation to applications on plain paper by shareholders (the 'Advertisement'). The Advertisement has been issued by the Company today, i.e. February 10, 2023, in all editions of English national daily newspaper, 'Financial Express', all editions of Hindi national daily newspaper, 'Jansatta', and Mumbai edition of Marathi newspaper, 'Navshakti'.10-02-2023
PATEL ENGINEERING LTD.-$ - 531120 - Intimation Under Regulation 30 Of The SEBI LODR - NCLAT Order Dated February 10, 2023 To Set Aside Impuged Order Dated February 08, 2023 Passed By NCLT, Mumbai.
Pursuant to the Order dated February 10, 2023 passed in Company Appeal (AT) (INS) NO. 160 of 2023, the Hon''''ble National Company Law Appellate Tribunal (NCLAT) set aside the impugned order dated February 8, 2023 passed by NCLT, Mumbai Bench admitting Section 9 Petition and for appointment of Corporate Insolvency Resolution Professional ('CIRP') on the grounds that the parties have already reached the settlement and filed joint application along with settlement agreement. The matter stands disposed and as result of this Order, the Company is released from all the rigour of Law and is allowed to function independently through its Board of Directors. The Company management continue to operate in the normal course and as a going concern. Please treat this as compliance with Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), 2015.10-02-2023
PATEL ENGINEERING LTD.-$ - 531120 - Announcement under Regulation 30 (LODR)-Newspaper Publication
We refer to our intimation dated February 08, 2023 informing about the Unaudited Standalone and Consolidated Results of the Company for the quarter and nine months ended December 31, 2022 along with the Limited Review Report. In this connection and pursuant to Regulation 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the newspaper advertisements, published in 'Business Standard' (English) and 'Sakal' (Marathi) on February 09, 2023.09-02-2023
PATEL ENGINEERING LTD.-$ - 531120 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
With reference to our letter dated February 6, 2023 related to the Investor Conference Call and pursuant to Regulations 30 and 46(2)(ao) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, and Guidance note issued by the Stock Exchanges dated July 29, 2022, we hereby inform you that the audio call recording of the Company''s Investor Call to discuss the Financial Results for the Quarter and nine months ended December 31, 2022 is available on the website of the Company.08-02-2023
PATEL ENGINEERING LTD.-$ - 531120 - Disclosures under Reg. 10(7) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 10(7) in respect of acquisition under Regulation 10(1)(a)(ii)of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Raahitya Constructions Pvt Ltd08-02-2023
PATEL ENGINEERING LTD.-$ - 531120 - Announcement under Regulation 30 (LODR)-Change in Directorate
Appointment of Independent Directors08-02-2023
Q3FY23 Quarterly Result Announced for Patel Engineering Ltd.
Construction & engineering firm Patel Engineering announced Q3FY23 results: Q3FY23: Revenue for Q3FY23 at Rs 10,369.77 million, 18.11% YoY growth. Operating EBITDA for Q3FY23 at Rs 1,637.48 million, 11.86% YoY growth. Total order book as of Q3FY23 stood at Rs 1,68,094 million. Patel Engineering 9MFY23 consolidated net profit up 109.89%. Q3FY23 standalone basis debt-equity ratio stood at 0.79. Sector-wise revenue contribution for Standalone Q3FY23 stood at hydro 52%, tunnel 21%, irrigation 13%, road 6%, and others 8%. Commenting on the performance, Mr. Rupen Patel, Chairman & Managing Director of Patel Engineering Limited said, “The performance of our company has improved significantly in the quarter due to growth in our operations. Our profitability for 9 months has more than doubled as compared to the corresponding previous year surpassing all targets. Infrastructure is the prime focus of the government with increased allocations in the budget and we expect to continue growing our order book. Hydropower remains one of the oldest sources of renewable energy and to achieve net zero goals it is going to be one of the focus area for energy consumption. Our expertise in the segment will be a key growth driver going forward apart from other infrastructure segments.” Commenting on the result, Ms. Kavita Shirvaikar, Director & CFO said, “We continue to focus on improving the leverage situation of the company along with improving operational efficiency to do this we continue to focus on monetizing non-core assets also we are in process of raising funds through the Rights Issue. This will help us in reaching our target of debt reduction and also help in funding the working capital requirements of the company.” Result PDF08-02-2023