PAE Ltd withdraws 2.64 Cr preferential equity share issue

PAE Limited's Board of Directors has decided to withdraw and cancel the previously announced preferential issue of 2,64,74,993 equity shares. This issue, which included 8,00,000 shares for loan conversion and 2,56,74,993 shares via share swap, had been approved by shareholders at the Annual General Meeting on March 07, 2026. The withdrawal is attributed to "alternative considerations necessitating a reassessment of the Company’s proposed fund-raising plans." The company assures stakeholders that this decision will not negatively impact its financial stability, operations, or growth prospects, emphasizing it is in the best interest of shareholders.