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.

Paul Merchants has witnessed a significant change in its promoter shareholding structure through an inter-family share transfer. Sat Paul Bansal, a promoter of the company, has acquired a substantial stake from another promoter family member, reshaping the ownership dynamics within the promoter group.

Key Highlights of the Transaction

• Acquisition Details: Sat Paul Bansal acquired 490,510 equity shares, representing 15.59% of the total voting power in Paul Merchants.
• Transfer Method: The shares were transferred through an off-market inter-family gift from Sarita Rani Bansal, another promoter of the company.
• Date of Transaction: The share transfer took place on September 15, 2025.

Impact on Shareholding

The inter-family transfer has resulted in a significant redistribution of shares within the promoter group:

Promoter Group Holding

Despite the substantial transfer of shares, the combined holding of the promoter group, including persons acting in concert, remains unchanged at 74.65% of the total share capital.

Regulatory Compliance

The transaction was executed in compliance with SEBI regulations:

• The transfer falls under Regulation 10(1)(a)(i) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
• Appropriate disclosures were made to the BSE Limited as per Regulation 29(2) of the SEBI regulations.

Company Overview

Paul Merchants is listed on the BSE with a total equity share capital of 3,084,000 shares, each with a face value of Rs. 10. The company's registered office is located in New Delhi, with its corporate office in Chandigarh.

This inter-family share transfer underscores the ongoing dynamics within the promoter group of Paul Merchants, while maintaining the overall promoter stake in the company. Investors and market watchers may want to note this change in the individual shareholding pattern of the promoters, although it does not affect the aggregate promoter holding in the company.