PAE Ltd

EGM purpose

• Special EGM to approve up to 2,50,00,000 warrants via preferential issue.
• Issue price Rs 12 per warrant; up to Rs 30 crore.
• Allotment to promoter and non-promoter categories in one or more tranches.
• Warrants exercisable within 18 months; 25% upfront payment.
• Board authorized to finalize terms, undertake listings, and related actions.
• Special resolution also covers MOA change and independent director appointment.

Resolution 1: Warrants details

• Type: Special resolution for preferential issue.
• Number: up to 2,50,00,000 warrants at Rs 12 each.
• Proposed allottees include promoter group and non-promoter category.
• Promoter group commitments total up to Rs 11.19 crore.
• Floor price Rs 12; 18-month exercise window.
• Upfront 25% payment; balance on exercise.
• Warrants vest lock-in; no transfer during lock-in.
• Promoter/director interest: promoter subscribers included.
• Outcome: not specified in this notice.

Resolution 2: MOA change

• Type: Special resolution to change Object Clause of MOA.
• New object enables CBG and renewable energy activities.
• Ethanol object deleted from Clause III(A).
• Director authorized to execute documents to effect change.

Resolution 3: Independent Director

• Type: Special resolution to appoint Sakshi Dwivedi as Independent Director.
• Term: five years from Aug 6, 2026.
• Not liable to retire by rotation; sitting fees as decided.
• Declaration of independence; no Aurique shares held.

Impact & governance

• Post-issue promoter holding reduces to 39.06%; non-promoters 60.94%.
• No change in control asserted in notice.
• Proceeds use: 95% working capital, 5% general corporate.
• Total proceeds up to Rs 30 crore.
• Proceeds to be utilized within 18 months.
• Objects to be utilized in phases per ICDR Regulations.
• Warrants and shares to be listed on stock exchanges.
• Notice confirms remote e-voting and VC participation.

Convertible warrants

• Approved issue of up to 2.50 crore Fully Convertible Equity Warrants at Rs 12 each, convertible within 18 months.
• Warrants to be allotted to six specified investors.
• Aggregate value up to Rs 30 crore on full exercise.

EGM and voting arrangements

• Notice for Extraordinary General Meeting on Sep 3, 2026 via video conferencing.
• MUFG Intime (India) Private Limited appointed Remote E-Voting Agency.
• Kamlesh Mahendra Shah appointed Scrutinizer for e-voting.
• Notice of EGM to be submitted to stock exchanges and e-voting platforms.

Governance changes: directors and auditors

• Resignation of Non-Executive Independent Director Bhargavi Gupta.
• Appointment of Sakshi Dwivedi as Additional Independent Director, effective Aug 6, 2026, for five years.
• Reconstitution of NRC: Akash Patel (Chair), Sakshi Dwivedi (Member), Mayank Sedani (Member).
• Reconstitution of SRC: Akash Patel (Chair), Sakshi Dwivedi (Member), Mayank Sedani (Member).
• Tax Auditor M/s J M Patel & Bros appointed for FY2026-27 to FY2030-31.
• Internal Auditor Mikil Vora & Associates appointed for FY2026-27 to FY2030-31.
• Internal Auditor PSG and Associates resigned effective Aug 6, 2026.

Regulatory and MOA changes

• Altered Object Clause in MOA to include CBG, Bio-CNG, Hydrogen, biodiesel, and renewable fuels.

Financial Highlights

• Revenue from operations for quarter ended 30 Jun 2026: 104.50 lakhs.
• Total revenue: 104.50 lakhs; other income: 0.00.
• Unaudited standalone results with Limited Review Report; auditor disclaimer issued.
• Cost of materials consumed: 80.75; employee benefits: 5.04; other expenses: 13.07.
• Total expenses: 98.86.
• Profit before tax: 5.64; net profit: 3.64.
• Basic and diluted EPS: 0.43.

Capital & Governance

• Bonus issue increased paid-up equity capital to Rs 1.30 crore.
• Director category changed from Promoter to Professional Director, effective 15 Jul 2026; MD remains.
• Single reportable business segment under Ind AS 108.

Dematerialisation status

• Dematerialisation requests processed and confirmed to depositories by MUFG Intime India (RTA) for quarter ended 30 June 2026.
• Securities dematerialised during the quarter listed on the exchanges where the earlier issued securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification.
• Depository name substituted as registered owner in the records within prescribed timelines.

Meeting Details

• Date: 15 July 2026; Time not disclosed; Location: Corporate Office of the Company.

Key Agenda Items

• Consider and approve unaudited standalone financial results for the quarter ended 30 June 2026.
• Consider any other matter with permission of the Chair.

Other Notes

• Trading window closed from 01 July 2026 and will reopen 48 hours after results declaration.