PAE Limited announced its audited standalone financial results for the financial year 2025-26 on April 23, 2026, reporting a net profit of Rs. 33.14 lakh on total revenue of Rs. 253.64 lakh. The company's revenue of Rs. 253.13 lakh was entirely derived from rice trading operations during the quarter ended March 31, 2026, marking a significant shift from its historical automobile-based business following the alteration of its object clause in March 2026.

Financial Performance Overview

The company's financial statements reveal a notable transformation in operations. For the year ended March 31, 2026, PAE Limited recorded revenue from operations of Rs. 253.13 lakh, compared to nil in the previous year. Total expenses stood at Rs. 220.50 lakh, resulting in a profit before tax of Rs. 33.14 lakh. The earnings per share (basic and diluted) for the year were reported at Rs. 3.31.

Auditor's Disclaimer of Opinion

J. M. Patel & Bros., Chartered Accountants, issued a disclaimer of opinion on the standalone financial results, citing several material matters that restricted their ability to form an opinion. The auditors highlighted five key concerns:

• Write-off of Quasi-Equity: The company wrote off Rs. 5,38,84,446 representing quasi-equity received from Mr. Jatinbhai R. Patel against accumulated losses as per NCLT resolution order.
• Unverified Book Profit and Revenue: Operating income of Rs. 2,53,12,750 from rice trading against purchase value of Rs. 1,26,56,375 was recorded entirely through book entries with no corresponding banking transactions or supporting documentation such as GST returns or E-way bills.
• Dividend Appropriateness: The dividend recommendation of Rs. 0.20 per share was based solely on unverified book profits, raising concerns about validity under Section 123 of the Companies Act, 2013.
• Unverified Bank Balances: The company failed to provide bank statements or independent confirmations for balances held with various banks, except HDFC Bank and Kotak Mahindra Bank.
• Business Focus Shift: The alteration of object clause from automobile-based business to agricultural commodities processing and trading lacks verified trade history in the newly adopted segment.

Board Recommendations and Corporate Actions

The Board of Directors recommended several key proposals subject to shareholder approval. A final dividend of Rs. 0.20 per equity share of face value Rs. 10 each has been recommended for the financial year 2025-26. The company has fixed May 11, 2026 as the record date for determining entitlement to the final dividend.

Additionally, the board recommended a bonus issue of equity shares in the proportion of 6:1, meaning six bonus equity shares of Rs. 10 each for every one fully paid-up equity share held by public shareholders (excluding promoter and promoter group). The record date for the bonus issue has been fixed as May 25, 2026. The pre-bonus paid-up share capital stands at 10,00,000 equity shares aggregating Rs. 1,00,00,000, which would increase to 13,00,000 equity shares aggregating Rs. 1,30,00,000 post-bonus issue.

Balance Sheet and Cash Flow Position

As of March 31, 2026, PAE Limited reported total assets of Rs. 273.85 lakh, comprising current assets of Rs. 273.85 lakh with no non-current assets. The equity and liabilities side showed total equity of Rs. 133.14 lakh, current liabilities of Rs. 140.71 lakh, and no non-current liabilities. Trade receivables stood at Rs. 253.13 lakh, while cash and cash equivalents were reported at Rs. 0.61 lakh.

The cash flow statement revealed a net cash outflow from operating activities of Rs. 1,579.32 lakh for the year ended March 31, 2026. Cash flow from financing activities showed an inflow of Rs. 1,578.04 lakh primarily from proceeds of share capital issuance, while investing activities had no cash flow. Cash and cash equivalents decreased from Rs. 1.89 lakh at the beginning of the year to Rs. 0.61 lakh at year-end.

Upcoming General Meeting

The 76th Annual General Meeting of PAE Limited is scheduled to be held on Monday, May 18, 2026, through video conferencing and other audio-visual means. M/s Kamlesh Shah & Co., Practicing Company Secretaries, has been appointed as scrutinizer for conducting the e-voting process. The meeting will consider various matters including the approval of financial results, dividend declaration, bonus issue, and alteration of the object clause in the Memorandum of Association.

PAE Limited has set May 11, 2026 as the record date for determining shareholder entitlement to the final dividend for financial year 2025-26. The announcement follows the Board of Directors' recommendation made during their meeting on April 23, 2026, with the dividend proposal subject to approval at the upcoming 76th Annual General Meeting.

Record Date Details

The company has provided specific details regarding the dividend entitlement process in compliance with Regulation 42 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

The record date announcement was communicated to BSE Limited's Listing Department as part of the company's regulatory obligations. PAE Limited's equity shares are listed under security code 517230 with ISIN INE766A01026.

Shareholder Approval Process

The final dividend payment remains contingent upon shareholder approval at the company's 76th Annual General Meeting. Only shareholders whose names appear in the company's records as of the record date will be entitled to receive the dividend, if approved.

Company Information

PAE Limited operates with its registered office in Mumbai, Maharashtra, and corporate office in Ahmedabad, Gujarat. The announcement was signed by Sarah Eugene Kantharia, Company Secretary & Compliance Officer, ensuring proper corporate governance procedures.