Utilisation of Funds

CIN: L99999MH1949PLC007039 August 10, 2026 Bombay Stock Exchange Ltd., The National Stock Exchange of India Ltd., Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra - Kurla Complex, Mumbai – 400001 Mumbai – 400051 BSE Scrip Code: 531120 NSE Symbol: PATELENG Dear Sirs, Sub: Submission of statement of deviation or variation for the quarter ended June 30, 2026 Pursuant to Regulation 32 of SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015, we hereby confirm that there is no deviation or variation in the utilisation of proceeds of Rights Issue during the quarter ended June 30, 2026 from the objects as stated in Letter of Offer dated November 28, 2025. The ‘Statement of deviation’, confirming Nil deviation, duly reviewed by the Audit Committee is attached herewith as ‘Annexure A’. Kindly take the above information on record. Thanking You, For Patel Engineering Limited Kavita Shirvaikar Managing Director DIN: 07737376 REGD. OFFICE: Patel Estate Road, Jogeshwari (W), Mumbai – 400 102. India Phone +91 22 26767500, 26782916 Fax +91 22 26782455, 26781505 Email headoffice@pateleng.com Website: www.pateleng.com CIN: L99999MH1949PLC007039 Annexure A Statement of Deviation / Variation in utilisation of funds raised Name of the Company Patel Engineering Limited Mode of Fund Raising Rights Issue Date of Raising Funds 22-12-2025 Amount Raised (in Rs. Millions) 3,989.68 Report filed for Quarter ended 30-06-2026 Monitoring Agency Applicable Monitoring Agency Name, if applicable CARE Ratings Limited Is there a Deviation / Variation in use of funds raised No If yes, whether the same is pursuant to change in terms of a NA contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval NA Explanation for the Deviation / Variation NA Comments of the Audit Committee after review No Deviation Comments of the auditors, if any NA Objects for which funds have been raised and where there has been a deviation, in the following table Original Object Modified Original Modified Funds Amount of Remarks Object, Allocation allocation Utilised Deviation/Variatio if any if any (Rs. In , if any (Rs. In n for the quarter Millions) Millions) according to applicable object Repayment / pre- No 2,540.00 Nil 2540.00 Nil NA payment, in full or in part, of certain outstanding borrowings availed by our Company, (including any interest thereon) General corporate No 949.68 Nil *971.23 Nil NA purposes Issue Expenses No 500.00 Nil *478.45 Nil NA Total 3,989.68 3989.68 * During the current reporting period, company has transferred Rs. 21.55 million from escrow account to monitoring account towards utilisation for general corporate purpose. As per Letter of Offer, the excess issue expense of Rs. 21.55 million has been adjusted against General Corporate Purpose. Deviation or variation could mean: (a) Deviation in the objects or purposes for which the funds have been raised or (b) Deviation in the amount of funds actually utilized as against what was originally disclosed (c) Change in terms of a contract referred to in the fund-raising document i.e. prospectus, letter of offer, etc. Name of the Signatory: Kavita Shirvaikar Designation: Managing Director DIN: 07737376 REGD. OFFICE: Patel Estate Road, Jogeshwari (W), Mumbai – 400 102. India Phone +91 22 26767500, 26782916 Fax +91 22 26782455, 26781505 Email headoffice@pateleng.com Website: www.pateleng.com