This is in reference to our earlier intimation submitted on 08th April 2025, regarding the scheduling of the Board meeting on Monday, 14th April 2025, as per Regulation 29 of the SEBI (Listing ....
Awaiting price reaction for this filing.
PAE Ltd has issued a clarification to BSE regarding a typographical error in its earlier intimation dated 8th April 2025 about a Board Meeting scheduled for 14th April 2025. The earlier letter incorrectly stated that the Board would adopt 'Unaudited Financial statements' through the Insolvency Monitoring Committee (IMC), when it should have read 'Audited Financial statements.' The company clarified this was an unintentional clerical error and not a deliberate mistake, and requested BSE to update its records. The letter is signed by the Erstwhile Resolution Professional and Chairperson of the Monitoring Committee.
This is a procedural correction with no material impact on shareholders or the stock. The fact that the company is still under a Monitoring Committee (post-CIRP) indicates it remains under insolvency resolution, which is the key context for investors.