Intimation of Listing Approval received from BSE Limited for 10,00,000 Equity shares of Rs. 10/- each has been attached herewith.
Awaiting price reaction for this filing.
PAE Ltd has received listing approval from BSE for 10,00,000 equity shares of Rs. 10 each, following a resolution plan approved by the NCLT Mumbai Bench on November 27, 2024. Out of these, 50,000 shares have been allotted to existing public shareholders through a reduction of share capital, while 9,50,000 shares have been allotted to the promoter and promoter group via private placement as the successful resolution applicant. This means PAE Ltd is completing its post-insolvency restructuring and preparing to resume active trading on the exchange. The company is now working with NSDL and CDSL to execute the corporate action and will shortly apply for trading approval.
This is a revival event — PAE Ltd is emerging from the IBC insolvency process with a significantly restructured share base (total of only 10 lakh shares post-resolution). Existing shareholders retain a small stake while promoters now hold the majority, and shares may resume trading soon, which could introduce high volatility given the very low total share count.