Unaudited Standalone Financial results for December 2025 quarter have been attached herewith.
Awaiting price reaction for this filing.
PAE Limited reported zero revenue from operations for Q3 FY26 and the nine-month period ending December 2025, compared to Rs. 61,422.24 lakhs in the previous fiscal year, posting a net loss of Rs. 15.20 lakhs for the quarter and Rs. 45.36 lakhs for 9 months. The statutory auditor issued a Disclaimer of Opinion, citing non-availability of confirmations/reconciliations for balances, bank transactions, fixed assets (fully written off as on 31/03/2025), and inability to physically verify assets. The company, which recently emerged from the IBC/CIRP process (NCLT admitted petition on April 22, 2024, resolution plan approved November 27, 2024), is undergoing a complete business transformation to agro commodities and spices. Key corporate actions include renaming the company to Aurique Limited, shifting the registered office from Mumbai to Ahmedabad, changing main objects to agro/FMCG business, and a sweeping preferential issue of up to 2,64,74,993 equity shares at Rs. 60 each (aggregating ~Rs. 158.85 crore) to promoters and other allottees via loan conversion and share swap.
Shareholders should note the company has effectively restarted post-CIRP with no operating revenue and is loss-making, though massive equity infusion via preferential allotments and loan conversion signals balance sheet repair. The disclaimer of opinion, complete management overhaul, and shift in business objects to agro commodities suggest this is effectively a relisted/turnaround shell — investors should weigh the dilution from large preferential issues against the new business direction. The stock may see volatility around the name change to Aurique Limited and the AGM on March 7, 2026.