PAE Limited has announced a major expansion strategy through the acquisition of four agricultural commodity trading companies, marking a significant step in strengthening its market presence across multiple states. The Board of Directors approved these strategic acquisitions during their meeting held on February 06, 2026, with formal share purchase agreements executed on February 07, 2026.

Strategic Acquisitions Overview

The company has entered into agreements to acquire 100% stakes in four entities operating in the agricultural commodities trading and processing sector:

Share Swap Transaction Details

All acquisitions will be executed through share swap arrangements rather than cash transactions. PAE Limited will issue new equity shares at Rs. 60/- per share to acquire the target companies:

All target company shares have a face value of Rs. 10/- each, and PAE Limited will issue equity shares of Rs. 10/- face value at the premium price of Rs. 60/- per share.

Market Expansion Strategy

The acquisitions are designed to provide PAE Limited with immediate access to established distribution networks across key agricultural markets. Epicurean Grove brings strong market penetration in Telangana with 5,000 points of sale, while Vidyutva Cereals adds 3,000 points in Gujarat's growing market. The Rajasthan market will be strengthened through Edenbloom Cereals and Agroblossom Grains, each contributing 2,000 points of sale.

The company expects these acquisitions to minimize operational costs while enabling faster penetration of retail and wholesale markets. The strategic initiative aims to achieve accelerated growth in both market outreach and revenue generation.

Related Party Considerations

Among the four acquisitions, only the Epicurean Grove transaction involves related party interests, with PAE Limited's promoter group having director and shareholder positions in the target company. The remaining three acquisitions - Vidyutva Cereals, Edenbloom Cereals, and Agroblossom Grains - do not fall under related party transactions.

Implementation Timeline

The acquisitions are expected to be completed within 15 days from the later of either the approval of special resolution for preferential issue of equity shares or receipt of in-principle approval from stock exchanges and necessary regulatory approvals. The preferential allotment of shares is subject to approval from regulatory authorities and company members.

Upon completion, all four target companies will become wholly-owned subsidiaries of PAE Limited, significantly expanding the company's operational footprint in the agricultural commodities trading and processing sector across multiple states.

PAE Limited announced a series of transformative corporate decisions following its Board of Directors meeting held on February 06, 2026. The comprehensive restructuring initiative encompasses capital expansion, leadership transitions, and strategic repositioning as the company prepares for its next growth phase.

Capital Structure Enhancement

The board approved a significant expansion of the company's authorized share capital structure. The increase from the existing Rs. 25,00,00,000 to Rs. 27,48,00,000 involves creating additional 28,40,000 equity shares of Rs. 10/- each, subject to shareholder approval.

Preferential Issue Approvals

The board sanctioned two major preferential issues totaling Rs. 158.85 crores. The first involves issuing up to 8,00,000 equity shares at Rs. 60/- per share for loan conversion, aggregating Rs. 4,80,00,000. The second, significantly larger issue comprises up to 2,56,74,993 equity shares at the same price for share swap arrangements, totaling Rs. 154,04,99,580.

Leadership Restructuring

Significant changes in the company's leadership structure were approved during the meeting. Mr. Pinalkumar Kalidas Patel has been appointed as Additional Director in the Executive Director category and Chief Financial Officer, effective February 06, 2026. His appointment follows the recommendation of the Nomination and Remuneration Committee.

Concurrently, Mr. Jatinbhai Ramanbhai Patel resigned from his position as Chief Financial Officer due to pre-occupation, while transitioning from Executive Director to Non-Executive Director. This leadership transition ensures continuity in financial oversight while accommodating organizational changes.

Corporate Identity and Location Changes

The board approved changing the company name from 'PAE Limited' to 'Aurique Limited', following approval from the Central Registration Centre on January 09, 2026. Additionally, the registered office will relocate from Mumbai to Ahmedabad, specifically from "Level 1, Block A, Shivsagar Estate, Dr. Annie Besant Road, Worli, Mumbai" to "A-1115 Titanium Business Park, Nr Makarba Railway Crossing, Jivraj Park, Ahmedabad, Gujarat."

Enhanced Financial Capabilities

To support future growth initiatives, the board authorized substantial increases in financial limits. The borrowing capacity has been enhanced to Rs. 5000 crores for working capital requirements and capital expenditure. Similarly, investment limits for loans, guarantees, and securities under Section 186 of the Companies Act, 2013 have been increased to Rs. 5000 crores.

Governance and Compliance Updates

The company will adopt new Memorandum and Articles of Association to reflect all approved changes and ensure compliance with current regulatory requirements. An Annual General Meeting has been scheduled for March 07, 2026, where shareholders will vote on these proposals. M/s J.D. Khatnani & Associates have been appointed as scrutinizers for the e-voting process.

The comprehensive restructuring positions PAE Limited for enhanced operational flexibility and strategic growth as it transitions to its new identity as Aurique Limited.

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