Sub: Intimation Of Board Meeting U/R 29 Of The SEBI (Listing Obligations And Disclosures Requirements) Regulations, 2015 To Consider And Approve Audited Financial Results Along With Audit Report For The Quarter And Year Ended As On March 31, 2018.

• Security Code: 517230
• Company: PAEL

With reference to captioned subject, we do hereby intimate you esteemed exchange that the meeting of Board of Directors of the Company is proposed to be held on Tuesday May 29, 2018 inter-alia to transact the following business:

1) To consider and take on record the Audited Financial Results (Standalone & Consolidated) along with Audit Report by the Company for the quarter and year ended as on March 31, 2018;

2) Re-appointment and fixation of remuneration of Mr. Pritam Doshi, Managing Director

3) To take on record closure and winding up of subsidiary company M/s. PAE Infrastructure Pvt. Ltd., due to lack of operations.

4) Any other matters as per request of the board.

Further, the trading window in respect of the Companies securities shall remain closed for all the Directors/Officers/designated employees of the Company from the opening of the trading hours on Thursday May 24, 2018 and shall be open after forty-eight hours from conclusion of the board meeting.

Thanking you,