AGM Details

The 42nd Annual General Meeting of Paul Merchants Limited is scheduled to be held on Friday, September 18, 2026 at 12:00 Noon (IST) through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting is being conducted virtually in compliance with Ministry of Corporate Affairs General Circular No. 03/2025 dated September 22, 2025 and earlier circulars.

Agenda and Resolutions

Ordinary Business:

1. To receive, consider and adopt the Audited Standalone Financial Statements for FY ended March 31, 2026 with Reports of Board of Directors and Auditors

2. To receive, consider and adopt the Audited Consolidated Financial Statements for FY ended March 31, 2026 with Report of Auditors

3. To re-appoint Mr. Ritesh Vaid (DIN: 09433856) as Director who retires by rotation

Special Business:

4. To re-appoint Mr. Ritesh Vaid (DIN: 09433856) as Designated Whole Time Director for 5 years from October 1, 2026 to September 30, 2031 with remuneration details:

  • Annual remuneration range: ₹30.00 lakhs to ₹50.00 lakhs
  • Annual performance bonus within above range
  • Leave encashment within above range as per company policy
  • Gratuity as per Payment of Gratuity Act
  • Performance linked incentive within above range
  • Service contract period: October 1, 2026 to September 30, 2031
  • Remuneration period: October 1, 2026 to September 30, 2029
  • Notice period: Three months' notice or equivalent remuneration
  • No severance fee payable
  • No other benefits, stock options, or pension

Voting Procedures

Remote e-voting period begins at 09:00 AM IST on Tuesday, September 15, 2026 and ends at 05:00 PM IST on Thursday, September 17, 2026. Cut-off date for voting eligibility is after closing hours of Friday, September 11, 2026. Mr. Kanwaljit Singh Thanewal, Practicing Company Secretary (F 5901) appointed as Scrutinizer.

Unclaimed Dividend Information

As of March 31, 2026, the company has unclaimed/unpaid dividend pertaining to Interim Dividend for FY 2019-20 (confirmed as Final Dividend at AGM held September 29, 2020):

  • Number of shareholders: 33
  • Amount: ₹2,218

This unclaimed dividend is due to be transferred to Investor Education and Protection Fund (IEPF) on September 11, 2026 upon expiration of statutory seven-year period. No dividend proposed for FY 2025-26.

Financial Performance Data (Standalone)

| Particulars | FY 2023-24 | FY 2024-25 | FY 2025-26 |

| Total Income | ₹65,30,04,13,372 | ₹33,47,25,01,927 | ₹20,86,93,83,139 |

| EBIDTA | ₹39,17,81,563 | ₹13,64,04,102 | ₹21,75,25,307 |

| Profit before Tax | ₹35,13,77,157 | ₹8,24,04,355 | ₹17,55,93,553 |

| Profit after Tax | ₹26,12,47,765 | ₹5,90,98,015 | ₹13,19,14,170 |

| Total Comprehensive Income | ₹25,91,62,029 | ₹5,69,02,108 | ₹13,27,04,762 |

Director Information

Mr. Ritesh Vaid (DIN: 09433856), age 49, currently serving as Designated Whole Time Director since February 10, 2022. Qualifications: MBA-Marketing, Masters in Commerce, PG Diploma in Business Management. Remuneration drawn during FY 2025-26: ₹28,56,108 (annual remuneration) + ₹1,35,000 (annual bonus) + ₹95,004 (annual incentive) + ₹81,000 (leave encashment). Holds no equity shares in the company.

Document Availability

The notice and annual report are available on company website (www.paulmerchants.net) and BSE website (www.bseindia.com). Register of Members and Share Transfer Books will remain closed from September 4-10, 2026 for AGM purposes.