With reference to above cited subject, we would like to inform your good office that the Company, PAE Limited has submitted its unaudited Financial Results for the quarter ended 30th September, ....
Awaiting price reaction for this filing.
PAE Limited has resubmitted its unaudited standalone financial results for Q2/HY ended 30 September 2024 after identifying typographical errors in the version originally filed on 14 April 2025. The company is currently under Corporate Insolvency Resolution Process (CIRP), admitted by NCLT Mumbai on 22 April 2023; a resolution plan was approved by the Adjudicating Authority on 27 November 2024, and the firm is now run by a Monitoring Committee. The auditor (G.P. Kapadia & Co.) issued a Disclaimer of Conclusion because key confirmations and reconciliations for receivables, payables, borrowings, cash and fixed assets were unavailable, CoC minutes approving expenses were not shared, and no internal auditor was appointed (a violation of Section 138 of the Companies Act). For the period, revenue from operations was ₹8.36 lakh, total expenses ₹75.43 lakh, and loss after tax was ₹14.68 lakh (EPS of ₹0.14). Other equity stands at a deeply negative ₹3,882.81 lakh against equity share capital of ₹1,041.96 lakh.
Shareholders face high uncertainty: the company is loss-making, deeply insolvent on a net-worth basis, under CIRP, and the auditor could not verify major balance-sheet items. The repeated need to revise filings also signals weak financial controls, which could weigh on stock sentiment.