December 04, 2014

Press Release No. 1

Clarification by Patel Engineering Limited

Substantial increase in trading volumes have been observed in Patel Engineering Limited.

The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company.

Patel Engineering Limited has vide its letter inter-alia stated, "There is no events/price sensitive information available with the Company that has bearing on the operations/performance of the Company."