PAE : Disclosure under SEBI Takeover Regulations

Date: 11th April, 2022

National Stock Exchange of India Ltd. Exchange Plaza, Plot No. C/1,

Block - G, Bandra-Kurla Complex, Bandra (E) Mumbai - 400051

Fax No. [phone] / 8238 / 66418124 / 8125

BSE Limited

(Formerly Bombay Stock Exchange Ltd.) Floor 25, P.J. Towers,

Dalal Street, Mumbai -- 400001 Fax No. [phone]

Dear sir/madam

(Scrip ID: PAEL)

(Scrip Code - 517230)This has reference to disclosure made under regulation 10(6) of SEBI (SAST) Regulations, 2015, on 29/03/2022. In this regard please find enclosed herewith the revised disclosure as received from Priyadarshani A. Doshi, one of the Promoters of the Company.

Kindly take the note of the same.

Thanking you,

Yours faithfully,

For PAE Limited.

(Sujitlal Lohar)

Company Secretary and Compliance Officer Membership no.: 68229

Registered Office: C/o Regus, Level 1, Block A, Shivsagar Estate, Dr. Annie Besant Road, Worli, Mumbai - 400 018 

Phone: [phone]  Fax: [phone] www.paeltd.com

CIN: L99999MH1950PLC008152

PRIYADARSHANI A. DOSHI

2 A Windcliffe, 50-D, Peddar Road, Mumbai 400026. India.

E-mail:[e-mail] Mobile: [phone]

Date: 11th April, 2022

National Stock Exchange of India Ltd. Exchange Plaza, Plot No. C/1,

Block - G, Bandra-Kurla Complex, Bandra (E) Mumbai - 400051

Fax No. [phone] / 8238 / 66418124 / 8125

BSE Limited

(Formerly Bombay Stock Exchange Ltd.) Floor 25, P.J. Towers,

Dalal Street, Mumbai - 400001 Fax No. [phone]

Dear Sir/Madam,(Scrip ID - PAEL)

(Scrip Code - 517230)This has reference to disclosure made under regulation 10(6) of SEBI (SAST) Regulations, 2011, on 29/03/2022, in this regard I hereby submit revised disclosure as details regarding the no. of shares held before and after the disposal of shares (on 24/03/2022) by the transferee(s) were wrongly showed, due to miscalculations, in the original disclosure.

Please note that the aforesaid transaction, being inter-se transfer of shares amongst the Promoters of the Company, falls within the exemption provided under Regulation 10(1)(a)(ii) of the SEBI (SAST) Regulations, 2011.

Kindly take the same on your record and acknowledge the receipt of the same.

Thanking You,

Yours faithfully,

Priyadarshani A. Doshi

Encl: As above.

Copy to:

PAE Ltd.

C/o Regus,Level 1,

Block A, Shivsagar Estate, Dr.Annie Beasant Road, Worli Mumbai 400 018

Format for Disclosures under Regulation 10(6) -Report to Stock Exchanges in respect ofany acquisition made in reliance upon exemption provided for in

Regulation 10 of SEBI (Substantial Acquisition of Shares and Takeovers)

Regulations, 2011

1.	Name of the Target Company (TC)	PAE Limited
2.	Name of the acquirer(s)	Priyadarshani A. Doshi
3.	Name of the stock exchange where shares of the TC are listed	BSE, NSE
4.	Details of the transaction including rationale, if any, for the transfer/acquisition of shares.	Re-organizing investments
5.	Relevant regulation under which the acquirer is exempted from making open offer.	Regulation 10(1)(a) (ii) of SEBI (SAST) Regulations, 2011
6.	Whether disclosure of proposed acquisition was required to be made under regulation 10 (5) and if so, - whether disclosure was made and whether it was made within the timeline specified under the regulations. - date of filing with the stock exchange.	YES 17/03/2022
7.	Details of acquisition	Disclosures required to be made under regulation 10(5)	Whether the disclosures under regulation 10(5) are actually made
a.	Name of the transferor / seller	Pratibha A. Doshi, Arvind R. Doshi and Pritam A. Doshi	Yes
b.	Date of acquisition	24/03/2022	Yes
c.	Number of shares/ voting rights in respect of the acquisitions from each person mentioned in 7(a) above	Pratibha A. Doshi-10,00,000 shares Arvind R. Doshi-7,75,000 shares Pritam A. Doshi-9,75,000 shares	Yes
d.	Total shares proposed to be acquired /actually acquired as a % of diluted share capital of TC	27,50,000 shares (26.39%)	Yes
e.	Price at which shares are proposed to be acquired / actually acquired	Prevailing Market Price	Yes

8.	Shareholding details	Pre-Transaction	Post-Transaction
No. shares heldof	% w.r.t total share capital of TC	No. of share sheld	% w.r.t total share capit al of TC
a	Each Acquirer / Transferee(*)	100	0.00%	27,50,100	26.39%
b	Each Seller / Transferor	14,89,734	14.30%	4,89,734	4.70%
(i)Pratibha A. Doshi
(ii)Arvind R. Doshi	26,03,038	24.98%	18,28,038	17.54%
(iii)Pritam A. Doshi	12,58,372	12.08%	2,83,372	2.72%

Place: Mumbai

Date: 11/04/2022

Priyadarshani A. Doshi