The reconstitution disclosure has been attached herewith.
Awaiting price reaction for this filing.
PAE Limited's Board, at its August 6, 2025 meeting, approved standalone unaudited results for Q1 FY26 (quarter ended June 30, 2025), reporting zero revenue and a net loss of ₹21.51 lakhs (EPS of -₹2.15), against a profit of ₹1,375.50 lakhs in the preceding quarter. The statutory auditor J M Patel & Bros issued a modified report (disclaimer of opinion) due to non-availability of confirmations/reconciliations for bank balances, fixed assets, and various deposits. Two new Additional Independent Directors were appointed for 5-year terms: CS Bhargavi Gupta (DIN: 11227180) and CS Akash Patel (DIN: 11226837). The Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee were reconstituted with the new directors as chairs/members. PSG and Associates was appointed as Internal Auditor for 5 years (FY26–FY30) and J M Patel & Bros as Tax Auditor for FY26.
The company is emerging from IBC/CIRP under a new promoter (Shri Jatinbhai Ramanbhai Patel), and this filing reflects post-resolution restructuring — new independent directors and fresh auditor appointments strengthen governance, but the disclaimer of opinion on Q1 results and zero revenue signal the business is not yet operationally restarted. Shareholders should watch for revenue revival and clarity on the capital restructuring (existing shares cancelled, new shares allotted).