The shareholders are hereby informed that the Annual General Meeting for the FY-2025-26 will be held on May 18, 2026. The detailed notice has been attached herewith.
Awaiting price reaction for this filing.
PAE Limited has convened its 76th AGM on May 18, 2026 via video conferencing. The meeting will consider adoption of audited financial statements for FY 2025-26, declaration of Rs. 0.20 per share dividend (2% on face value of Rs. 10), and re-appointment of Mr. Jatinbhai Patel as director retiring by rotation. Two special business items are on the agenda: (1) amending the Memorandum of Association to add new objects — entering the ethanol manufacturing/trading business (fuel, bio-ethanol, industrial alcohol) and the renewable energy sector (solar, wind, hydrogen, EV charging infrastructure), and (2) issuance of bonus shares in the ratio of 6:1 (6 new shares for every 1 held) to public shareholders only, with record date May 25, 2026, to achieve Minimum Public Shareholding (MPS) compliance. The bonus excludes promoters and promoter groups. Remote e-voting runs from May 15 to May 17, 2026.
The ethanol and renewable energy diversification signals a strategic pivot for the company beyond its current operations. The 6:1 bonus share issuance is targeted at achieving MPS (likely currently below 25%) — a regulatory compliance requirement that, once met, could remove a overhang on the stock. The small 2% dividend reflects modest profitability. Shareholders should vote given the significant business direction changes and capital restructuring.