PAE Ltd

📊 PAE Ltd. FY 2025-26 Results: Revenue Hits ₹2.53 Cr Amid Business Shift & Auditors Raise Concerns

- Revenue from operations reached ₹253.13 lakh in FY 2025-26, up from nil the previous year.

- Net profit for FY 2025-26 was ₹33.14 lakh, compared to ₹1,348.14 lakh in the prior year.

- Auditors disclaimed opinion on financial statements due to inability to verify transactions and balances.

- Revenue of ₹2.53 crore from rice sales was recorded via journal entries without cash flow or supporting documents.

- Company shifted business focus from automobiles to agriculture commodities via special resolution on March 7, 2026.

- No fixed assets or inventory held; transactions were book entries without physical verification.

- Internal financial controls deemed inadequate, with no internal audit system in place.

- Directors' remuneration totaled ₹17.14 lakh, and auditor fees were ₹1.50 lakh for the year.

- Promoters hold 95% of shares (9,50,000 shares), public shareholders hold 5% (50,000 shares).

- Company plans to diversify into ethanol manufacturing, processing, trading, and renewable energy sources.

- Bonus share issuance proposed: 6 new equity shares for every 1 existing share held.

- Final dividend of ₹0.20 per equity share recommended for FY 2025-26.

- Total employees: 3 as of March 31, 2026; remuneration increased by 100% for managerial personnel.