The Proceedings of the 75th Annual General Meeting held on Saturday, March 07, 2026 is attached herewith.
Awaiting price reaction for this filing.
PAE Ltd held its 75th AGM on March 7, 2026 via video conference, chaired by Nimeshkumar Ganpatbhai Patel. Out of 4,924 shareholders on record, only 17 attended (3 promoters and 14 public). A total of 18 resolutions were put to vote, covering ordinary business like adoption of FY25 financial statements and auditor appointments, and special business including appointment of three independent directors, change in object clause, shifting of registered office from Maharashtra to Gujarat, change in company name, increase in authorized share capital, adoption of new MOA and AOA, enhancement of borrowing limits, approval of a Rs 100 crore unsecured loan from a director with an option to convert into equity, appointment of an executive director, and issue of equity shares on a preferential basis. Remote e-voting was held from March 4 to March 6, 2026, and the scrutinizer was appointed to oversee the process. Voting results are to be declared within two working days.
The AGM has several potentially material proposals: a proposed state shift to Gujarat, a possible name change, expanded borrowing powers, a Rs 100 crore director loan convertible into equity, and a preferential share issue — all of which could affect shareholding, capital structure, and the company's identity. Investors should watch the voting results once declared, as approval of these special resolutions could lead to dilution and changes in the company's profile.