Financial Results

Palel PATEL ENGINEERING LIMITED November 5, 2026 Bombay Stock Exchange Lid., The National Stock Exchange of India Ltd., Phiroze Jesjeebhoy Towers, Exchange Plaza, Dalal Street, Bandra - Kurla Complex, Mumbai - 400001 Mumbai - 400051 BSE Scrip Code: 531120 NSE Symbol: PATELENG Dear Sirs, Sub: Outcome of the Board Meeting held on November 5, 2026 Further to our letter dated October 29, 2026 regarding intimation of the Board Meeting fo be held on Thursday, November 5, 2026, inter dlia, to consider and approve the unaudited (Standalone and Consolidated) Financial Results of the Company for the quarter and half year ended September 5, 2026, the Board of Directors at their meeting held on November 5, 2026, transacted the following items of business: Financial Results The Board of Directors of the Company has infer-alia considered and approved Un-audited (Standalone and Consolidated) Financial Results of the Company for the quarter and half year ended September 30, 2026. Pursuant to Regulation 30, 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 [‘Listing Regulations’), please find enclosed herewith Un-audited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended September 30, 2026 and the Limited Review Report issued by M/s. Vatsargj & Co., the Statutory Auditors of the Company. Further, following are enclosed in compliance with Regulations pertaining to Company's listed NCDs: . Security cover certificate including compliance with financial covenantsin respect of listed NCDs issued by the Statutory Auditor in terms of Regulation 54(3) and 56()) (d) of SEBI Listing Regulations. ii. Statement indicating the utilization of issue proceeds of listed NCDs and material deviation if any under Regulation 52(7) and 52(7A) of SEBI Listing Regulations. The Board Meeting commenced at 1215 P"}cnd concluded at ISSEM We request you to take the same on your records. Thanking you, Yours truly, For Patel Engineering Lid. o, Sl Shobha Shetty Company Secretary and Compliance Officer Membership No. F10047 Registered Office: Patel Estate Road, Jogesh 67500, B¢ Vatsaraj & Co. | SRR Independent Auditor's Review Report on the Quarterly and year to date Unaudited Standalone Financial Results of Patel Engineering Limited (“the Company") pursuant to the Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review report To The Board of Directors of Patel Engineering Limited 1. We have reviewed the accompanying statement of Standalone Unaudited Financial Results of Patel Engineering Limited (“the Company") which includes 41 joint operations, for the Quarter and half year ended 30% September, 2026 (“the Statement”), being submitted by the Company pursuant to the requirement of Regulation 33 and 52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulation”). 2. This statement, which is the responsibility of the Company's Management and approved by Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" (“Ind AS 347), prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 and 52 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”, issued by the Institute of Chartered Accountants of India ("ICAI"). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of personnel responsible for financial and acceunting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143 (10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion 4. Based on our review conducted as stated in paragraph 3 above and based on the consideration of the review reports of other auditors referred to in paragraph 5 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard (“Ind AS”) Ind AS 34 specified under section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms the Regulation 33 and 52 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 9204—205, Inizio Business Centre, Cardinal Gracious Road, Chakala, Andheri East, Mumbai - 400099 9 1st Floor, Fort Chambers, C-Block, Tamarind lane, Fort, Mumbai - 400023 =& +91 22 6978 3900 admin@vatsarajco.com @ www.vatsarajco.com Vatsara] & Co. | s8hiis 5. We did not review the financial result/information in respect of 27 joint operations whose interim financial results reflect the Company’s share in total assets of Rs. 4,437.06 Million as at September 30, 2026, total revenues of Rs. 1,410.29 Million and Rs. 3,001.94 Million, total profit after tax of Rs. 1.04 Million and Rs 3.77 Million and total comprehensive income of Rs. 1.04 Million and Rs 3.77 Million for Quarter and half year ended September 30, 2026 respectivelays considered in the statement which have been reviewed by their respective auditors. The independent auditors' reports on unaudited interim financial result/ financial information of these entities referred in para above have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect of these entities is based solely on the report of such auditors and the procedures performed by us as stated in para 3 above. Our conclusion on the Statement is not modified in respect of the above matter with respect to our reliance on the work done and the reports of the other auditors. 6. We did not review the interim financial results of 13 unincorporated joint operations included in the statement whose interim financial results reflect Company's share in total assets of Rs. 2420.08 Million as at September 30, 2026, total revenues of Rs. 851.07 and Rs. 2,045.89 Million, total net profit after tax of Rs. 0.16 Million and Rs 0.41 Million and total comprehensive income of Rs. 0.16 Million and Rs 0.41 Million for Quarter and half year ended September 30, 2026 respectively as considered in the statement. These unaudited interim financial results are not reviewed by their auditors and have been furnished to us by the Company's Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these joint operations, is based solely on such unreviewed management certified interim financial information certified by the Management of the respective entities. According to the information and explanations given to us by the Company’s management these unaudited interim financial results are not material to the Company. Our Conclusion on the Statement is not modified in respect of our reliance on the unaudited interim financial information c [Showing first 8,000 characters — download PDF for full document]