Paul Merchants Limited has informed the stock exchanges about the withdrawal of credit ratings assigned to its wholly owned subsidiary, Paul Merchants Finance Private Limited (PMFPL), following the complete repayment of bank loan facilities worth ₹900 crore.

Credit Rating Withdrawal Details

On December 10, 2025, at 6:51 PM, Acuite Ratings Research Limited withdrew the credit rating assigned to PMFPL upon the subsidiary's request. The withdrawal came after PMFPL received a No Dues Certificate from its bankers, confirming the full settlement of loan obligations.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Paul Merchants Limited filed the intimation with BSE Limited on December 11, 2025, providing details of the rating withdrawal action.

Financial Implications

The successful repayment of the ₹900 crore bank loan facilities demonstrates PMFPL's financial capability and debt management efficiency. The withdrawal of the credit rating following full repayment indicates the subsidiary has met all its loan obligations and obtained clearance from the lending institutions.

Corporate Structure

Paul Merchants Finance Private Limited operates as a wholly owned subsidiary of Paul Merchants Limited, which trades on BSE with scrip code 539113. The parent company maintains its corporate office in Chandigarh and registered office in New Delhi, with Company Secretary and Compliance Officer Hardam Singh signing the regulatory filing.

Paul Merchants Limited , a prominent player in the financial services sector, has announced a significant corporate development regarding its wholly owned subsidiary. The company recently informed the Bombay Stock Exchange (BSE) about a regulatory approval that affects its real estate arm.

Subsidiary Rebranding

The Registrar of Companies has given its approval for the renaming of Paul Merchants Limited's wholly owned subsidiary. The change transforms the entity formerly known as PML Realtors Private Limited to Paul Merchants Realtors Private Limited. This modification took effect on November 18, 2025.

Regulatory Compliance

The company's announcement adheres to the Securities and Exchange Board of India (SEBI) listing obligations, demonstrating its commitment to transparency and regulatory compliance. The information was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Name Change

Implications

The name change aligns the subsidiary's identity more closely with its parent company, Paul Merchants Limited. This move may be part of a branding exercise to strengthen brand recognition across the company's various business segments.

While the rebranding of the real estate subsidiary could potentially indicate an increased focus on the realty sector by Paul Merchants Limited, the company has not provided any additional information about changes in business strategy or operations related to this name change.