Paul Merchants Ltd

MTSS license grant

• RBI grants Paul Merchants MTSS Indian Agent status for Western Union and MoneyGram.
• The license enables inward cross-border remittance business under the RBI MTSS framework.
• License validity is perpetual.
• Permission communicated via RBI email dated 28.06.2026.
• Remittance activity will be conducted as principal agent for Western Union and MoneyGram.
• Approval enables onboarding of inbound cross-border transfers per applicable laws.
• Commencement of operations will follow approval conditions and applicable law.

Paul Merchants Limited – Trading Window Closed from Oct 01, 2026 till 48 (Forty Eight) hours after the Unaudited Financial Results of the Company for the Quarter and Half Year ending September 30, 2026 become generally available information.

Director and WTD re-appointments

• Re-appointment of Mr. Ritesh Vaid as Director liable to retire by rotation; effective 18 September 2026.
• Re-appointment as Designated WTD for five years from Oct 1, 2026 to Sep 30, 2031; remuneration 2026–2029.

AGM Details

• AGM held on 18 September 2026 at 12:00 Noon IST via VC/OAVM
• Deemed venue: Registered Office

Key Resolutions

• Ordinary resolution: Adopt standalone financial statements for the year ended 31 March 2026
• Ordinary resolution: Adopt audited consolidated financial statements for the year ended 31 March 2026 and auditor reports
• Ordinary resolution: Re-appoint Director Mr Riteshvad by rotation (DIN 09433356)
• Special resolution: Appoint Mr Riteshvad as Designated Whole-Time Director (DIN 09433356)

Voting Outcome

• All four resolutions passed with requisite majority

Director Changes

• Retirement by rotation and re-appointment of Mr Riteshvad (DIN 09433356)
• Appointment of Mr Riteshvad as Designated Whole-Time Director

AGM Details

• Date and mode: 18 Sep 2026, 12:00 IST, via VC/OAVM.
• Record date: 11 Sep 2026.
• Duration: 52 minutes.
• Quorum met; voting conducted by electronic means.

Key Resolutions

• Resolution 1 (Ord): Adopt standalone financial statements for FY ended Mar 31, 2026.
• Resolution 2 (Ord): Adopt consolidated financial statements for FY ended Mar 31, 2026.
• Resolution 3 (Ord): Re-appoint director retiring by rotation.
• Resolution 4 (Special): Re-appoint designated Whole-Time Director for five years.

Voting Results

• All resolutions passed with requisite majority.
• Minimal opposition across resolutions (low against votes).

Director Changes

• Re-appointment: Ritesh Vaid retires by rotation and is re-appointed.
• WTD designation: Ritesh Vaid designated Whole-Time Director for five years.

Auditors

• No changes in statutory or internal auditors disclosed.

Material Related Party Transactions

• No material related party transactions disclosed.

Other Material Approvals

• No ESOPs or charter amendments disclosed.

AGM Details

• Date and time: 18 September 2026, 12:00–12:52 IST; VC/OAVM.
• Mode: video conferencing; deemed venue: registered office.
• Attendance: 47 shareholders; 51 total including promoters; quorum satisfied.

Key Resolutions & Status

• Ordinary: adopt standalone financial statements for FY 2025-26; results to be declared.
• Ordinary: adopt consolidated financial statements for FY 2025-26; results to be declared.
• Ordinary: appoint director in place of Ritesh Vaid (retires by rotation).
• Special: re-appoint Ritesh Vaid as Designated Whole Time Director for 5 years from Oct 1, 2026; results pending.

Book closure details

• Book closure: 4 September 2026 to 10 September 2026 (inclusive).
• Purpose: for the 42nd Annual General Meeting.
• Cut-off date: 11 September 2026 to determine voting entitlement.
• Event date: AGM to be held on 18 September 2026.
• Security: equity shares.

AGM notice and e-voting details

• 42nd AGM scheduled for Sept 18, 2026 at 12:00 IST via VC/OAVM.
• Notice and FY2025-26 Annual Report dispatched on Aug 20, 2026.
• Remote e-voting via CDSL available from Sept 15 to Sept 17, 2026.
• Cut-off date for voting rights is Sept 11, 2026.
• Mr. Kanwaljit Singh Thanewal appointed Scrutinizer for e-voting.
• Results of voting to be declared on Sept 19, 2026 at 2:00 PM.
• Results will be hosted on the company site, CDSL, and BSE.
• AGM is conducted through VC/OAVM in compliance with MCA circulars.

AGM notice and remuneration

• Notice for the 42nd AGM dispatched Aug 20, 2026; held on Sep 18, 2026 via VC/OAVM.
• Ordinary business includes adoption of standalone and consolidated financial statements for FY 2025-26.
• Ritesh Vaid retires by rotation and is proposed for re-appointment as Director.
• Special business seeks approval to designate Ritesh Vaid as WTD from 01-10-2026 for five years.
• Remuneration range proposed: Rs 30-50 Lakhs per annum, subject to three-year term.
• Total remuneration cap set within statutory limits; arm's-length certification obtained.
• Remuneration period defined as Oct 1, 2026 to Sep 30, 2029.
• Board/Committees recommended the re-appointment; shareholder approval required.
• No dividend is proposed for FY 2025-26 at the AGM.