Resolution passed through circulation for change of address of the Corporate Office of the Company has been attached herewith.
Awaiting price reaction for this filing.
PAE Limited has informed BSE that its Board of Directors approved a new corporate office address through a resolution passed by circulation. The new corporate office is located at A-1115, Titanium Business Park, Nr Makarba Railway Crossing, Makarba, Ahmedabad-380051, Gujarat, effective April 26, 2025. The registered office remains unchanged at Worli, Mumbai. The same circular also references an NCLT-approved Resolution Plan (order dated November 27, 2024) under which 100% of existing equity and preference shares are being cancelled, and 50,000 fresh equity shares will be allotted to existing public shareholders in a ratio of 1 new share for every 98.35 shares held (record date March 4, 2025). An Escrow Demat Account with NSDL is being opened to facilitate this proportionate allotment.
The corporate office address change is purely administrative and is unlikely to impact the stock price on its own. However, the underlying NCLT-driven restructuring is highly material — existing public shareholders face near-total cancellation of their holdings, with only about 1 new share received for every 98.35 held, representing an extreme dilution event.