Patel Engineering’s share price plummeted over 11% on Monday following the death of the company’s Chairman and Managing Director, Rupen Patel. He passed away at the age of 57 on the late hours of Friday, July 5, as confirmed by the company in a regulatory filing.

Rupen Patel had been re-appointed as Chairman & Managing Director of the company effective from April 1, 2024. Throughout his tenure, he played crucial leadership roles that significantly benefited the company, the filing noted.

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