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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
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Data sourced from BSE India corporate announcements. More categories will be added over time.
Patel Engineering Ltd-$

Patel Engineering fined Rs. 14 lacs by Sikkim Forest Dept.

REGULATORY ▼ Concern Flagged MEDIUM RISK
📅 Filed on BSE: 26 May 2026, 06:31 PM IST  ·  BSE ID: e3b47161-ff1c-441b-bc55-da6f8c718392
View Original BSE Filing (PDF)
💡
In Simple Terms
The company was fined Rs. 14 lacs for a procedural lapse with an operational license for a stone crusher plant.
🤖 AI Summary
  • Patel Engineering fined Rs. 14 lacs by Sikkim Forest Department for operating stone crusher without license.
  • Penalty relates to Teesta Stage-VI Hydro Electric Project site in Sikkim.
  • Company claims unawareness of 'Mandatory Operational License' requirement.
  • No material financial impact stated; operations continue.
  • Fine covers operational periods of 2022-23, 2023-24, and 2025-26.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Penalty Amount
Rs. 14 lacs
Contract Value of Teesta Stage-VI Project
INR 1,251 Crore
Stone Crusher Plant Capacity
200 THP
🏢 How This Affects the Company
📈
Business Impact
The company states operations at the Teesta Stage-VI Hydro Electric Project site continue unaffected by this penalty.
💰
Financial Impact
A penalty of Rs. 14 lacs has been imposed, which the company deems to have no material financial impact.
⚙️
Operational Impact
The company will pay the required penalty and license fees, adhering to the department's instructions.
⚠️
Risk Impact
This event highlights a procedural oversight regarding operational licenses, which the company has now addressed.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders as this is a regulatory disclosure.
👤
Who Is Affected
All shareholders are informed of the Rs. 14 lacs penalty imposed by the Sikkim Forest Department.
🔍
Management Signal
Management signals commitment to resolving regulatory matters and continuing project operations by agreeing to pay the penalty.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Confirmation of penalty payment and license fee submission.
Next quarterly results for any updated financial impact.
Ongoing progress updates on the Teesta Stage-VI Hydro Electric Project.
MEDIUM RISK Penalty highlights potential gaps in operational license adherence for project sites.
💡 Investor Takeaway
Patel Engineering was fined Rs. 14 lacs by the Sikkim Forest Department for operating a stone crusher plant without a license, a matter deemed to have no material financial impact.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Company incurred a Rs. 14 lacs penalty for operating a stone crusher plant without a mandatory operational license.
  • The penalty covers three fiscal periods: 2022-23, 2023-24, and 2025-26.
❓ Frequently Asked Questions
What penalty was imposed on Patel Engineering by the Sikkim Forest Department?
The Sikkim Forest and Environment Department imposed a penalty of Rs. 14 lacs on Patel Engineering.
Why was Patel Engineering fined?
Patel Engineering was fined for operating a 200 THP capacity Stone Crusher Plant without obtaining a mandatory operational license.
What is the financial impact of the penalty on Patel Engineering?
Patel Engineering stated that there is no material financial impact from the Rs. 14 lacs penalty.
Which project is associated with the penalty imposed on Patel Engineering?
The penalty is related to the operation of a stone crusher plant at the Teesta Stage-VI Hydro Electric Project site in Sikkim.
When was the penalty levied on Patel Engineering?
The penalty was levied via a letter dated May 25, 2026, for the operational periods of 2022-23, 2023-24, and 2025-26.

Questions based on this BSE filing only. For information purposes.

⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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