Event Details
Paul Merchants Limited held its 42nd Annual General Meeting (AGM) for the Financial Year 2025-26 on Friday, September 18, 2026. The meeting commenced at 12:00 Noon (IST) and concluded at 12:52 PM. An additional 15 minutes were provided for e-voting by members attending the AGM.
Meeting Format and Venue
The AGM was conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM) in compliance with MCA General Circular No. 03/2025 dated September 22, 2025, read with earlier circulars (Circular no. 20/2020 dated May 5, 2020, Circular no. 17/2020 dated April 13, 2020, and Circular no. 14/2020 dated April 8, 2020). The video conferencing facility was provided by Central Depository Services (India) Limited. The deemed venue was the company's registered office at DSM 335, 336, 337, 3rd Floor, DLF Tower, 15, Shivaji Marg, Najafgarh Road, New Delhi.
Attendance
47 shareholders were present at the commencement of the meeting, with total attendance reaching 51 shareholders (including promoter shareholders) within the permitted time as per CDSL records. The requisite quorum was present throughout the meeting.
Directors Present
- Sh. Sat Paul Bansal (Chairman, Non-Executive Director)
- Sh. Rajneesh Bansal (Managing Director)
- Sh. Bhupinder Singh (Non-Executive Independent Director)
- Sh. Anoop Kumar Sharma (Non-Executive Independent Director)
- Sh. Ritesh Vaid (Whole Time Director)
- Smt. Sarita Rani Bansal (Non-Executive Non-Independent Director)
- Sh. Inder Sain Negi (Non-Executive Independent Director)
- Mrs. Tejinder Kaur (Non-Executive Independent Director)
Other Attendees
- Sh. Hardam Singh (Company Secretary)
- Mr. Sushil Jindal (Chief Financial Officer)
- Sh. CA Dhruv Goel (Partner, M/s Rajiv Goyal and Associates, Chartered Accountants, Statutory Auditors Firm)
- Sh. Anil Singh Negi (Proprietor, M/s Anil Negi & Company, Company Secretary, Secretarial Auditor)
- Sh. Kanwaljit Singh Thanewal (Practicing Company Secretary, Scrutinizer)
Chairmen of the Audit Committee, Stakeholders Relationship Committee, and Nomination and Remuneration Committee were also present.
Meeting Proceedings
The AGM began with the Company Secretary welcoming all members. Sh. Sat Paul Bansal, Chairman, presided over the meeting and introduced other directors. He addressed members on participation through Video Conferencing per MCA and SEBI circulars, apprised them of financial and operational affairs for FY 2025-26, and discussed CSR activities undertaken during the year.
The Notice, Explanatory Statement, Board of Directors Report, Financial Statements, and Auditors Report were taken as read. The Chairman informed members about the ordinary and special business to be transacted.
Resolutions Deliberated
1. Ordinary Resolution: To receive, consider and adopt the Audited Standalone Financial Statements for FY ended March 31, 2026, Reports of Board of Directors and Auditors thereon.
2. Ordinary Resolution: To receive, consider and adopt the Audited Consolidated Financial Statements for FY ended March 31, 2026, and Report of Auditors thereon.
3. Ordinary Resolution: To appoint a Director in place of Sh. Ritesh Vaid (DIN 09433856), who retires by rotation and offered himself for re-appointment.
4. Special Resolution: To re-appoint Sh. Ritesh Vaid (DIN 09433856) as Designated Whole Time Director for another term of 5 years effective October 1, 2026.
Voting Process
The Chairman informed members about the e-voting process and declaration of results. Shareholders registered as speakers were invited to ask questions, which were answered by the Chairman. Results of remote e-voting and votes cast during the AGM will be declared upon receipt of the Scrutinizer's report by the company.