PATEL ENGINEERING LTD.-has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 16/12/2022 inter alia to consider and approve matters related to raising of funds through issue of equity shares of the Company on rights basis to the existing equity shareholders of the Company in accordance with provisions of Companies Act 2013 and Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2018 as amended and other matters related/ incidental thereto including the delegation of powers to the constituted Allotment Committee the Committee of Board of Directors to implement the proposal of Rights Issue.