The Stock Exchange is hereby intimated that the 7th meeting of the Monitoring Committee of PAE Limited is scheduled to be held on Monday, 14th April, 2025.
Awaiting price reaction for this filing.
PAE Ltd has informed BSE about its 7th Monitoring Committee meeting scheduled for 14th April 2025. The key agenda is to cancel and extinguish 100% of the company's currently outstanding equity and preference shares, as part of an approved Resolution Plan. Following the cancellation, 50,000 fresh equity shares will be allotted to existing public shareholders, while 9,50,000 equity shares will be allotted to the Promoter and Promoter Group. The meeting will also take on record audited standalone financial results for the quarters ended June 2024, September 2024, and December 2024. The filing is signed by the Resolution Professional, indicating the company is implementing its IBC resolution plan.
This is a major restructuring event for existing shareholders — all current equity and preference shares stand to be cancelled and extinguished. Public shareholders will receive only 50,000 new shares collectively (versus 9,50,000 to promoters), implying significant dilution and loss of value for legacy shareholders. Existing investors should expect heavy disruption in shareholding and should treat the stock with extreme caution.