{"url":"https://newsforagent.com/news/2026-10-31/patel-engineering-sfio-case-appearance","markdown_url":"https://newsforagent.com/news/2026-10-31/patel-engineering-sfio-case-appearance.md","title":"Patel Engineering Appears in SFIO Case","headline":"Patel Engineering Tells Exchanges It Appeared in Jaipur SFIO Case With No Adverse Orders","description":"Patel Engineering appeared before a Jaipur special judge in SFIO Case No. 3 of 2025, filed a representation under Section 305 Cr.P.C. and said no adverse orders were passed.","section":"Legal & Disputes","published_at":"2026-10-31T13:31:24+00:00","modified_at":"2026-10-31T13:31:24+00:00","author":"News Desk","key_takeaways":["Patel Engineering's representative appeared before the Special Judge (Sati Niwaran Cases) in Jaipur in SFIO Case No. 3 of 2025 on October 31, 2026.","The company filed a representation under Section 305 Cr.P.C., equivalent to Section 342 BNSS, and no adverse orders were passed against it or its officials.","Patel Engineering reported FY26 revenue from operations of Rs 5,102.7 crore and an order book of Rs 15,119 crore as of March 31, 2026."],"companies":[{"name":"Patel Engineering","is_primary":true,"profile_url":"https://akta.pro/company-profiles/002rk41/patel-engineering","website":"http://www.pateleng.com"}],"source":{"publisher":"ScanX","title":"Patel Engineering appears in SFIO case; no adverse orders passed","url":"https://scanx.trade/stock-market-news/companies/patel-engineering-appears-sfio-case-no-adverse-orders-passed/54997846"},"other_sources":[],"tags":["Legal & Disputes","Patel Engineering"],"body_markdown":"Patel Engineering disclosed on October 31, 2026 that its representative appeared before the Special Judge (Sati Niwaran Cases) in Jaipur in SFIO Case No. 3 of 2025 and that no adverse orders were passed against the company or its officials. [ScanX](https://scanx.trade/stock-market-news/companies/patel-engineering-appears-sfio-case-no-adverse-orders-passed/54997846) reported the exchange filing. The company said it does not foresee any material impact on operations from the appearance.\n\n## Patel Engineering's Representation in Jaipur\n\n[Patel Engineering](https://akta.pro/company-profiles/002rk41/patel-engineering) filed the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 with the Bombay Stock Exchange and the National Stock Exchange. The appearance followed a summons from the Special Fraud Investigation Organization and was made under Section 305 of the Code of Criminal Procedure, which corresponds to Section 342 of the Bharatiya Nagarik Suraksha Sanhita. The company filed a representation under that provision.\n\nThe case names PACL Limited and others as opposing parties, with Patel Engineering listed among the defendants or interested parties requiring legal representation. The event took place at 12:30 pm on October 31, 2026. Patel Engineering stated that it continues to operate in the normal course of business and reiterated its commitment to following due process of law in response to the SFIO investigation. The quantum of claims in this disclosure was marked \"Not applicable.\"\n\n## Patel Engineering's Order Book and FY26 Results\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Patel Engineering reported FY26 revenue from operations of Rs 5,102.7 crore, flat from FY25, and an order book of Rs 15,119 crore as of March 31, 2026, nearly three times annual revenue. The same records show FY26 net profit of Rs 294.5 crore, up 21.60% year-on-year. Patel Engineering is a Mumbai-headquartered EPC infrastructure contractor founded in 1949 that builds dams, hydroelectric projects, tunnels, irrigation systems and transportation infrastructure for government and PSU clients across nine countries.\n\n## Stake Release and AGM Approvals\n\nCatalyst Trusteeship released 6,16,71,158 pledged shares of Patel Engineering, representing 6.22% of equity, on September 17, 2026, and acquired a non-disposal undertaking for the same shares on September 18, 2026, keeping the encumbered holding at 26.31% of total share capital, ScanX reported. Shareholders approved all five resolutions at the company's 77th AGM on September 18, 2026, including adoption of FY26 financials and reappointment of director Kavita Shirvaikar, ScanX reported. On August 28, 2026, Patel Engineering sold its 32% stake in associate ACP Tollways Private Limited to APCO Infratech and other individual buyers for ₹55 crore under a share purchase agreement signed August 27, ScanX reported.\n\n## Patel Engineering's Next Court Steps\n\nThe disclosure states that Patel Engineering will follow due process of law in response to the SFIO investigation.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}