The 75th Annual Report of the Company has been attached herewith.
Awaiting price reaction for this filing.
PAE Limited has filed its 75th Annual Report for FY 2024-25 along with the notice for its AGM scheduled on March 7, 2026 via video conferencing. The AGM agenda includes several major corporate actions: a change in the company's name to 'AURIQUE Limited', shifting of the registered office from Maharashtra to Gujarat, and a complete overhaul of the object clause to pivot the business toward agriculture, food processing, FMCG, dairy, organic farming, and contract farming. The company proposes to replace its statutory auditor M/s G.P. Kapadia & Co. with M/s J M Patel & Bros for a 5-year term, increase authorized share capital from ₹25 crore to ₹27.48 crore, and raise the borrowing limit under Section 180(1)(c) to ₹5,000 crore. The board has seen multiple director changes during the year, and a related party transaction of up to ₹100 crore unsecured loan from Director Mr. Jatinbhai Ramanbhai Patel (with equity conversion option) is also up for shareholder approval.
This filing signals a significant strategic transformation for the company — a pivot toward the agriculture and FMCG sector, a name change, and a geographic shift from Maharashtra to Gujarat. Shareholders should note the substantial increase in borrowing capacity (to ₹5,000 crore) and the related-party loan of up to ₹100 crore, both of which could materially affect capital structure and equity dilution risk if the loan is converted.