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.

Paul Merchants Limited has scheduled its 42nd Annual General Meeting (AGM) for Friday, September 18, 2026, at 12:00 noon. The meeting will be held through Video Conferencing or Other Audio Visual Means (VC/OAVM), in compliance with Ministry of Corporate Affairs General Circular No. 03/2025 and earlier relevant circulars.

The primary agenda includes the reappointment of Mr. Ritesh Vaid (DIN: 09433856) as a Director retiring by rotation and his reappointment as Designated Whole Time Director. This requires shareholder approval via a Special Resolution due to the proposed remuneration structure exceeding statutory profit-linked thresholds.

Key Dates and Procedures

Shareholders holding shares as on the cut-off date of Friday, September 11, 2026, are eligible to vote. The Register of Members and Share Transfer Books will remain closed from September 4, 2026, to September 10, 2026.

Remote e-voting will commence at 9:00 am on Tuesday, September 15, 2026, and conclude at 5:00 pm on Thursday, September 17, 2026, via the Central Depository Services (India) Limited (CDSL) platform. Electronic copies of the Notice of AGM and the Annual Report for FY26 have been dispatched to registered members.

Mr. Kanwaljit Singh Thanewal, Practising Company Secretary (Membership No. FCS 5901), has been appointed as the Scrutinizer for scrutinizing the process of remote e-voting and e-voting during the AGM. The results of the voting shall be declared on Saturday, September 19, 2026, at 2:00 pm at the company’s corporate office in Chandigarh.

Digital Communication Mandate

On August 20, 2026, the company issued a communication under Regulation 36(1)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This disclosure highlights that shareholders without registered email addresses must update their details to receive corporate communications electronically, including annual reports and meeting notices.

The Annual Report for FY26 and the Notice of the 42nd AGM are available on the company’s website. Shareholders may request physical copies by contacting the company or its Registrar and Share Transfer Agent, M/s Alankit Assignments Ltd.

Reappointment of Ritesh Vaid

The Board proposes reappointing Mr. Ritesh Vaid as Designated Whole Time Director for a term of five years, from October 1, 2026, to September 30, 2031. His remuneration term is approved for three years, from October 1, 2026, to September 30, 2029, in adherence to Schedule V of the Companies Act, 2013.

The proposed annual remuneration falls within the range of ₹30.00 lakh to ₹50.00 lakh. This includes salary, perquisites, allowances, performance bonus, leave encashment, and performance-linked incentives. No severance fee is payable upon termination.

Mr. Vaid, associated with the company since 2008, serves as the designated director for compliance with the Prevention of Money-Laundering Act, 2002. The Nomination and Remuneration Committee confirmed he meets the Reserve Bank of India’s “Fit and Proper” criteria.

Financial Performance Context

The explanatory statement highlights the company’s financial trajectory over the last three fiscal years. Consolidated total income declined from ₹65,085.6 crore in FY24 to ₹33,379.3 crore in FY25, before recovering to ₹21,144.5 crore in FY26.

While standalone operations showed a loss in FY25, consolidated profits after tax from continued and discontinued operations stood at ₹2,687.4 crore in FY26, compared to ₹638.4 crore in FY25 and ₹546.3 crore in FY24. The company noted that global economic factors impacting forex and travel verticals may keep profit margins inadequate for managerial remuneration purposes, necessitating shareholder approval under Section 197 of the Companies Act.

Corporate Governance

The filing was signed by Hardam Singh, Company Secretary and Compliance Officer, on August 20, 2026. The company reported no unclaimed dividend transfers pending beyond the statutory period, with only ₹2,218 from FY20 interim dividends remaining unpaid for 33 shareholders. No dividend is proposed for FY26.