Paul Merchants ' wholly owned subsidiary, PML Realtors Private Limited, has approved a significant rights issue to raise capital. The move aims to bolster the company's working capital and support general corporate purposes.

Rights Issue Details

The Board of Directors of PML Realtors Private Limited (PRPL) has given the green light to issue 2.85 crore equity shares through a rights issue. Here are the key details of the offering:

Implications for Paul Merchants

As the parent company and sole shareholder of PML Realtors, Paul Merchants will be offered the entire rights issue. This move allows the parent company to maintain its 100% ownership in the subsidiary while providing necessary funds for PRPL's operations.

Purpose of the Rights Issue

The funds raised through this rights issue are earmarked for two primary purposes:

1. Meeting working capital requirements
2. General corporate purposes

This capital infusion is expected to strengthen PML Realtors' financial position and support its ongoing operations and potential growth initiatives.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This ensures transparency and keeps shareholders and the market informed about significant corporate actions.

The rights issue by PML Realtors Private Limited represents a strategic move to secure additional capital while maintaining the current ownership structure. This capital raise could provide PML Realtors with the financial flexibility needed to navigate market challenges and capitalize on emerging opportunities in the real estate sector.

Paul Merchants Limited , a prominent player in the financial services sector, held its 41st Annual General Meeting (AGM) on September 19, 2025, through video conferencing. The shareholders approved several significant appointments and reappointments, reinforcing the company's governance structure and financial oversight.

Board Reappointments

Shareholders gave their nod to the reappointment of Sh. Sat Paul Bansal as Non-Executive Non-Independent Director and Chairman of the company. Bansal, who is over 78 years old and holds a graduation in Arts, brings around 55 years of business experience to the table. His reappointment is subject to retirement by rotation, reflecting the company's commitment to regular board refreshment.

In another key move, Mr. Inder Sain Negi was reappointed as an Independent Director for a second term spanning from November 2025 to October 2030. Negi, about 69 years old, is a retired Regional Director from the Reserve Bank of India with over 35 years of experience in the banking sector.

Auditor Appointments

The AGM also saw the reappointment of M/s Rajiv Goel & Associates as Statutory Auditors for a second five-year term until 2030. The firm, which has been serving Paul Merchants Limited, will continue its role with an annual remuneration of Rs. 3,00,000.00 plus applicable GST.

In addition, M/s Anil Negi & Company was appointed as Secretarial Auditors for a five-year term from 2025-26 to 2029-30, with an annual remuneration of Rs. 35,000.00 plus GST.

Voting Results

The resolutions were passed with overwhelming majority support from the shareholders. The e-voting results showed that each resolution received over 99.99% votes in favor, demonstrating strong shareholder confidence in the company's decisions.

Financial Statements Adoption

Shareholders also approved the adoption of both standalone and consolidated audited financial statements for the financial year ended March 31, 2025, along with the reports of the Board of Directors and Auditors.

Conclusion

The successful conclusion of Paul Merchants Limited's 41st AGM, with the approval of all proposed resolutions, indicates the company's strong corporate governance practices and shareholder engagement. The reappointment of experienced board members and auditors is expected to provide continuity and expertise in guiding the company's future growth strategies.

As Paul Merchants Limited moves forward with its refreshed leadership and audit teams, stakeholders will be keenly watching the company's performance in the dynamic financial services landscape.