PAE Ltd

📈 PAE Ltd Secures ₹100 Crore Convertible Loan from Promoter Director

• PAE Limited entered into a loan agreement with Non-Executive Director and Promoter Mr. Jatinbhai Ramanbhai Patel for ₹100 crores.

• The loan is unsecured and convertible into equity shares at a later date, subject to shareholder approval.

• The board approved the loan on February 6, 2026, and shareholders approved it in the Annual General Meeting on March 7, 2026.

• Mr. Patel holds 50,000 shares (5.00% equity) in PAE Limited, valued at ₹500,000.

• The loan will be disbursed in one or more tranches via banking channels as mutually agreed.

• The transaction is classified as a related party transaction and is interest-free.

• No significant impact on management or control of the company is expected.