PAE Ltd Approves Dividend, 6:1 Bonus Issue, and Shift Focus to Agri and Renewable Energy
PAE Ltd has announced key corporate developments following a Board of Directors meeting on April 23, 2026. The Board approved the company's standalone financial results for the year ending March 31, 2026, and recommended a final dividend, a bonus issue, and a significant alteration to the company's core business objectives, signaling a strategic pivot towards agricultural commodities and renewable energy.Financial Results and Shareholder Recommendations
The Board of Directors released the audited standalone financial results for the quarter and year ended March 31, 2026. The financial performance details, along with the recommendation for a dividend and bonus issue, were presented to the market.The company recommended a final dividend of Rs. 0.20 (Twenty Paise only) per equity share. This dividend is calculated based on the entire issued, subscribed, and paid-up share capital of 10,00,000 equity shares of face value Rs. 10 each for the financial year 2025-26.
Furthermore, the Board recommended issuing bonus equity shares in the proportion of 6:1. This means 6 bonus equity shares of Rs. 10 each will be issued for every 1 fully paid-up equity share held by public shareholders (excluding the Promoter and Promoter Group), subject to the approval of the general body.
Key financial metrics for the year ending March 31, 2026, were noted in the following table:
| Metric | 3 Months Ended March 31, 2026 (Audited) | Financial Year Ended March 31, 2026 (Audited) |
|---|---|---|
| Total Revenue | 253.64 | 253.14 |
| Total Expenses | 175.14 | 221.50 |
| Profit/(Loss) before tax | 33.14 | -344.14 |
| Net Profit/(Loss) for the period | 33.14 | -344.14 |
| Paid up Equity Share Capital | 100.00 | 1,041.96 |
Details of Bonus Issue
The proposed bonus issue aims to comply with the minimum public shareholding requirement. Annexure II detailed the bonus issue parameters:| Particulars | Detail |
|---|---|
| Bonus Ratio | 6:1 (6 new fully paid-up Equity Shares of Rs. 10 each for every 1 existing fully paid-up Equity Share of Rs. 10) |
| Pre-bonus issue paid-up capital | 10,00,000 equity shares (Rs. 1,00,00,000 aggregating) |
| Post-bonus issue paid-up capital | 13,00,000 equity shares (Rs. 1,30,00,000 aggregating) |
| Free reserves available | Rs. 33.14 Lakhs as on 31.03.2026 |
| Estimated dispatch date | On or before June 22, 2026 |
Strategic Alteration of Business Objects
The company also approved the addition and subsequent alteration of its Object Clause in the Memorandum of Association, subject to shareholder approval. This change marks a significant shift in the company’s business focus.The revised objectives expand the company's scope into two major sectors:
1. Agri-Commodity Sector: Including the business of manufacturers, producers, and processors in ethanol of all kinds and descriptions (such as fuel ethanol, bio-ethanol, and industrial ethanol). This includes manufacturing, processing, and distributing ethanol from raw materials like molasses, grains, and biomass.
2. Renewable Energy Sector: Covering the generation, development, trading, and distribution of power from renewable and nonconventional sources, including solar, wind, and biogas. This also encompasses dealing in smart grids, energy storage systems, electric vehicle (EV) charging infrastructure, and undertaking EPC contracts in the renewable energy field.
Annual General Meeting Details
The 76th Annual General Meeting (AGM) of PAE Limited has been scheduled for Monday, May 18, 2026, through Video Conferencing/Other Audio-Visual Means (VC/OAVM). The company also fixed Monday, May 11, 2026, as the Record Date for determining the entitlement of members to the final dividend for the financial year 2025-26.The company has appointed M/s Kamlesh Shah & Co., Practicing Company Secretaries, to scrutinize the electronic voting process.
Stock Price Movement
PAE Ltd settled at ₹22.02 on Monday, marking a strong close that was up 4.96% for the day. Throughout the session, the shares remained completely locked at this single price point, never venturing from the ₹22.02 mark.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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