Outcome of Board meeting held on 06-08-2025
Awaiting price reaction for this filing.
PAE Limited's board approved standalone unaudited financial results for Q1 FY26 (quarter ended June 30, 2025), reporting zero revenue and a net loss of ₹21.51 lakhs compared to a profit of ₹1,375.50 lakhs in the previous quarter. Total expenses stood at ₹21.51 lakhs, comprising ₹4.35 lakhs in employee costs and ₹17.16 lakhs in other expenses. The statutory auditor issued a Disclaimer of Opinion, citing inability to verify bank balances, fixed assets (all written off), cash in hand, and various deposits due to non-availability of confirmations. The board also appointed two new Independent Directors (Bhargavi Gupta and Akash Patel), reconstituted all board committees, and appointed PSG and Associates as Internal Auditor and J M Patel & Bros as Tax Auditor.
The company continues to reflect its post-IBC status — operations remain suspended with zero revenue, and the auditor's disclaimer highlights serious gaps in financial controls and verifiability. Shareholders should note that the share capital was restructured under the approved resolution plan: existing shares were cancelled, new promoter shares allotted, and public shareholders now hold only 5% of the restructured capital. The stock may remain illiquid and speculative until operations restart under the new management.