Outcome of board meeting of Patel Engineering

Held on 26 September 2014

Patel Engineering announced that the Board of Directors of the Company at its meeting held on 26 September 2014, has proposed to seek approval of the members of the Company through Postal Ballot pursuant to the provisions of Section 110 of the Companies Act, 2013 read with the Companies (Management and Administration), Rules, 2014 for disposal of certain non-core assets of the Company to generate cash and reduce the debts of the Company to the extent of Rs. 1000 crores.

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