In a significant development for Paul Merchants Limited, Sat Paul Bansal is set to acquire a substantial stake in the company through a gift transaction. The move, scheduled for September 15, 2025, will see Bansal, along with Persons Acting in Concert (PACs), acquire 4,80,540 equity shares, representing 15.58% of the paid-up share capital, from Sarita Rani Bansal.

Transaction Details

The acquisition is structured as a gift between husband and wife, both of whom are existing promoters of Paul Merchants Limited. As per the disclosure under Regulation 10(5) of SEBI regulations:

• Acquirer: Sat Paul Bansal
• Transferor: Sarita Rani Bansal
• Number of Shares: 4,80,540 equity shares
• Percentage of Stake: 15.58% of paid-up share capital
• Transaction Date: September 15, 2025
• Nature of Transaction: Gift (No monetary consideration)

Market Implications

The 60-day volume weighted average market price of Paul Merchants Limited stands at Rs. 765.05 per share. However, as this is a gift transaction, no monetary consideration is involved.

Shareholding Changes

The transaction will result in significant changes to the shareholding structure of Paul Merchants Limited:

Regulatory Compliance

The acquisition is exempt from making an open offer under Regulation 10(1)(a)(i) of SEBI takeover regulations. The acquirer has declared compliance with all conditions specified under this regulation.

Additional Information

The disclosure also mentions other Persons Acting in Concert (PACs):

• Rajneesh Bansal
• Paul Excursions Private Limited

These PACs, along with Sat Paul Bansal, will see their combined shareholding increase from 41.04% to 56.62% post-transaction.

This inter-se transfer between promoters is expected to consolidate the promoter group's holding in Paul Merchants Limited.

Paul Merchants Limited (PML) has announced a significant financial move by its material wholly-owned subsidiary, Paul Merchants Finance Private Limited (PMFPL). On July 31, 2025, PMFPL completed the premature full redemption of its secured, unlisted, taxable, redeemable non-convertible debentures (NCDs) worth Rs 7.09 crore.

Redemption Details

The redemption process involved the following key points:

• Total Amount: Rs 7,09,00,000 (Seven Crore Nine Lakh Only)
• Redemption Date: July 31, 2025
• Time of Completion: 5:00 PM
• Nature of Redemption: Premature and full
• Payment: Principal amount along with accrued interest

Impact and Compliance

This financial action demonstrates PMFPL's strong liquidity position and its ability to meet its debt obligations ahead of schedule. The move is likely to be viewed positively by investors and stakeholders, as it reflects the company's robust financial management.

In compliance with regulatory requirements, Paul Merchants Limited disclosed this information to the BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made promptly on the same day as the redemption.

Company Statement

Hardam Singh, Company Secretary cum Compliance Officer of Paul Merchants Limited, officially communicated this development to the BSE. The company emphasized that the NCDs have been fully redeemed, with all eligible debenture holders receiving their due payments.

This early redemption of debentures by Paul Merchants Finance Private Limited showcases the subsidiary's financial strength and may positively impact the parent company, Paul Merchants Limited's overall financial position. Investors and market analysts will likely keep a close eye on any further developments or strategic moves by the company in the near future.