Outcome of Board Meeting dated 15-10-2025 has been attached herewith
Awaiting price reaction for this filing.
PAE Limited's board approved unaudited standalone results for Q2 and H1 FY26 (ended Sep 30, 2025). The company reported zero revenue and a net loss of ₹30.16 lakhs for the half year, with a loss per share of ₹3.02. Total expenses stood at ₹30.16 lakhs, mostly employee costs and other overheads. The auditor (J.M. Patel & Bros.) issued a Disclaimer of Opinion citing non-availability of balance confirmations, inability to physically verify fixed assets (all written off with no realisation value), and missing reconciliations across multiple accounts. The company has a negative net worth of ₹(498.61) lakhs as at Sep 30, 2025. This is the company's first reporting period after emerging from the Corporate Insolvency Resolution Process (CIRP) under IBC 2016, with a new board appointed in Feb 2025 and fresh capital infusion of ₹5.8 crore from new promoters.
Negative signals dominate: zero revenue, persistent losses, deeply negative net worth, and a disclaimer of opinion from the auditor raise serious doubts about the company's financial health and going concern status. New shareholders and the incoming promoter group are essentially funding the company's revival, but existing minority shareholders should note the weak fundamentals and unresolved audit qualifications.