The Stock Exchange is hereby intimated that the 8th Meeting of the Monitoring Committee of PAE Limited is scheduled to be held on Friday, 2nd May, 2025.
Awaiting price reaction for this filing.
PAE Limited has informed the BSE that its 8th Monitoring Committee meeting will be held on Friday, 2nd May 2025 at 3:00 PM. The Monitoring Committee was set up following the approval of PAE's Resolution Plan by the NCLT Mumbai Bench on 27th November 2024 under the Insolvency and Bankruptcy Code, 2016. The meeting is being held in line with SEBI Listing Regulations (Reg. 29(1)(g)). The committee is chaired by Mr. Umesh Balaram Sonkar, the erstwhile Resolution Professional. The filing is procedural and does not disclose the agenda or any financial numbers.
This is a routine procedural intimation with no immediate impact on the stock price. However, it highlights that PAE remains under the IBC resolution framework, meaning the company's operations and shareholder outcomes are still being overseen by the Monitoring Committee implementing the approved resolution plan.