Paul Merchants has declared the final voting results for its 42nd Annual General Meeting held on September 18, 2026. All four resolutions placed before shareholders were passed with the requisite majority.

The meeting concluded at 12:52 pm, with the scrutinizer, Mr. Kanwaljit Singh Thanewal, issuing the consolidated report on September 19, 2026. Voting was conducted through remote e-voting and an e-voting system during the AGM via video conferencing.

Agenda and Resolutions

Shareholders deliberated on four key resolutions. The first two ordinary resolutions concerned the adoption of the Audited Standalone and Consolidated Financial Statements for the year ended March 31, 2026, along with the reports of the Board of Directors and Auditors.

The third resolution sought the appointment of Ritesh Vaid as a Director in place of his retirement by rotation. The fourth, a special resolution, proposed his reappointment as Designated Whole Time Director for a five-year term effective October 1, 2026.

Voting Results

A total of 2,312,158 votes were polled out of 3,084,000 shares held on the record date of September 11, 2026, representing a participation rate of 74.97%. Promoter and promoter group shareholders voted in favor of all resolutions with 100% support. Public non-institutional shareholders also voted overwhelmingly in favor.

Director Profile and Remuneration

Mr. Ritesh Vaid (DIN: 09433856) holds a Master's degree in Business Administration and possesses approximately 24 years of professional experience. He has been associated with the company since October 1, 2008, in various capacities and has served as Designated Whole Time Director since February 10, 2022. His expertise includes leadership, business development, dealer and branch network development, channel management, and compliance management. Prior to joining Paul Merchants, he was associated with Wall Street Finance Private Limited.

The special resolution approved his remuneration for the period commencing from October 1, 2026, and ending on September 30, 2029, within an annual range of ₹30.00 lakhs to ₹50.00 lakhs. The company confirmed that Mr. Vaid is not related to any other director or key managerial personnel and is not debarred from holding office by any statutory authority.

Attendees

Key management personnel present included Managing Director Rajneesh Bansal and Chief Financial Officer Sushil Jindal. Statutory Auditors M/s Rajiv Goyal and Associates and Secretarial Auditor M/s Anil Negi & Company were also in attendance. Fifty-one shareholders attended the virtual session, ensuring the requisite quorum was met throughout the meeting.

Paul Merchants Limited has announced the book closure period for its 42nd Annual General Meeting (AGM). The Register of Members and Share Transfer Books will remain closed from September 4, 2026, to September 10, 2026, both days inclusive.

The company fixed September 11, 2026, as the cut-off date to determine voting rights for remote e-voting and attendance at the AGM. The meeting is scheduled for September 18, 2026.

Book Closure and Voting Timeline

The intimation was issued on August 24, 2026, pursuant to Section 91 of the Companies Act, 2013, and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting Details

Members can exercise their voting rights via remote e-voting through Central Depository Services (India) Limited. The facility will also be available during the AGM for those who have not voted remotely. Voting rights are determined by shareholding as on September 11, 2026.

Members holding shares in physical mode after the notice dispatch can obtain login credentials from Alankit Assignments Ltd or the company.

Scrutiny and Compliance

Mr. Kanwaljit Singh Thanewal, Practising Company Secretary, has been appointed as the scrutinizer for the voting process. The results will be declared at the corporate office in Chandigarh and uploaded to the company and CDSL websites immediately thereafter.

Members with queries regarding e-voting may contact Central Depository Services (India) Limited or Mr. Hardam Singh, Company Secretary & Compliance Officer.