The Annual Report for FY 2025-26 of the 76th Annual General Meeting has been attached herewith.
Awaiting price reaction for this filing.
PAE Limited has released its 76th Annual Report for FY 2025-26 ahead of the AGM scheduled for May 18, 2026. The company is seeking shareholder approval for a proposed 6:1 bonus share issue (6 new shares for every 1 held) specifically for public shareholders to meet minimum public shareholding requirements. A dividend of Rs. 0.20 per share (2%) has been recommended for FY 2025-26. The company is also proposing to diversify its business objects into ethanol production (fuel, bio, industrial) and renewable energy (solar, wind, hydrogen, EV charging infrastructure). Several board changes occurred including resignation of 3 independent directors and appointment of new ones, with Mr. Pinalkumar Kalidas Patel taking over as Executive Director and CFO.
The bonus issue and expansion into ethanol and renewable energy sectors represent significant strategic moves. The bonus shares will increase liquidity and help achieve regulatory MPS compliance. The diversification into high-growth sectors like renewable energy and ethanol could unlock new revenue streams for the company.