PAE Limited Reappoints Three Additional Independent Directors Following AGM Delays

PAE Limited has reappointed three Additional Independent Directors following delays in conducting its Annual General Meeting, the company announced in regulatory filings dated January 13, 2026. The board meeting held on December 31, 2025, approved the reappointment of Mr. Akash Patel, Ms. Bhargavi Gupta, and Mr. Mayankkumar Sedani as Additional Independent Directors.

Board Appointments and Committee Roles

The company's board approved three key appointments during its meeting on December 31, 2025:

Director	DIN	Committee Roles
Mr. Akash Patel	11226837	Chairman of Nomination and Remuneration Committee, Chairman of Stakeholder Relationship Committee
Ms. Bhargavi Gupta	11227180	Chairperson of Audit Committee, Member of Nomination and Remuneration Committee and Stakeholders Relationship Committee
Mr. Mayankkumar Sedani	11271230	Member of Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee

All three appointments are effective from December 31, 2025, and will continue until the ensuing General Meeting.

AGM Delays and Regulatory Compliance

The reappointments became necessary after PAE Limited could not convene its Annual General Meeting within the extended timeline. The company was required to hold its AGM on or before December 31, 2025, pursuant to an extension granted by competent authorities. However, corporate action restrictions resulted in practical and procedural constraints that prevented the completion of AGM-related compliances.

As the AGM could not be held, the regularization of the Additional Directors as Independent Directors could not be placed before shareholders. Consequently, upon expiry of the permissible period, the tenure of the Additional Directors ceased in accordance with the Companies Act, 2013 provisions.

Director Profiles and Qualifications

Mr. Akash Patel is a qualified Company Secretary and law graduate with over four years of experience in corporate secretarial, legal, and corporate governance matters. He has previously served as Company Secretary and Compliance Officer in renowned companies.

Ms. Bhargavi Gupta brings expertise in secretarial and compliance laws, Insolvency and Bankruptcy Code, and valuation operations. She is described as a competent professional with excellent time management skills and the ability to prioritize and consolidate tasks effectively.

Mr. Mayankkumar Sedani is a Chartered Accountant specializing in financial management, compliance, and strategic operations for automobile dealerships. He has successfully optimized profitability and finance structures across two and four-wheeler businesses, with particular expertise in financial advisory and tax compliance.

Disclosure and Compliance Clarification

PAE Limited acknowledged that the cessation and reappointment should have been intimated to the Stock Exchange within 24 hours under Regulation 30 of SEBI (LODR) Regulations, 2015. The company clarified that the delay was unintentional and procedural, arising from exceptional circumstances and a bona fide oversight in correlating cessation timelines with disclosure requirements.

The company emphasized that there was no intention to suppress material information and reaffirmed its commitment to timely compliance with all applicable SEBI regulations. All three directors are confirmed as not being debarred from holding directorial positions by SEBI or any other regulatory authority.

The board meeting was conducted at the company's corporate office in Ahmedabad and lasted from 4:00 PM to 4:30 PM on December 31, 2025.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.17%	-3.33%	-5.45%	-18.01%	-41.55%	-83.07%

PAE Limited has secured trading approval from BSE Limited for 10,00,000 equity shares of ₹10 each, marking a significant milestone in the company's corporate restructuring process. The approval, granted through BSE's letter DCS/AMAL/TS/3991/2025-26 dated January 6, 2026, enables trading of these securities effective January 7, 2026.

Share Allocation Details

The equity shares have been allocated under a structured framework approved by the Hon'ble NCLT Mumbai Bench. The allocation encompasses shares distributed to promoters on preferential basis and to existing public shareholders through reduction of share capital on proportionate basis, all in accordance with the resolution plan approved on November 27, 2024.

Parameter	Details
Total Shares Approved	10,00,000 equity shares
Face Value	₹10 each
Distinctive Numbers	1 to 1,000,000
Trading Commencement	January 7, 2026
NCLT Approval Date	November 27, 2024

Regulatory Compliance Framework

The company has fulfilled disclosure requirements under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, as amended, and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The regulatory framework ensures transparency in the share allocation and trading process.

Trading Impact and Market Access

Upon receipt of trading approval, the 10,00,000 equity shares will be admitted to trading on BSE. Market participants of the exchange are now authorized to trade in these securities, providing liquidity and market access for both promoters and existing shareholders. BSE has issued Exchange Notice No. 20260105-32 dated January 5, 2026, informing market participants about the trading authorization.

Corporate Structure

PAE Limited operates with its registered office at Level 1, Block A, Shivsagar Estate, Dr. Annie Besant Road, Worli, Mumbai - 400018, and corporate office at A 1115, Titanium Business Park, Makarba, Ahmedabad - 380051, Gujarat. The company holds CIN: L99999MH1950PLC008152 and trades under scrip code 517230 with ISIN: INE766A01026.

The trading approval represents the culmination of the corporate restructuring process initiated under the NCLT-approved resolution plan, providing enhanced market access and liquidity for the company's equity shares on BSE platform.