Paul Merchants Limited submitted a regulatory disclosure to BSE Limited regarding decisions made during the Board Meeting held on November 12, 2026 from 3:30 PM to 5:05 PM. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1. Resignation of Mr. Isaac Gill

  • The Board noted the resignation of Mr. Isaac Gill, Assistant Vice President (IT) of Paul Merchants Finance Private Limited (PMFPL), who was designated as Senior Management Personnel of the company.
  • His resignation was effective from November 12, 2026.
  • The reason for resignation was stated as personal reasons.
  • Mr. Gill was on the rolls of PMFPL, the wholly owned subsidiary of Paul Merchants Limited.
  • The resignation letter was enclosed as Annexure - 1 (dated September 14, 2026, showing an effective resignation date of September 14, 2026 from PMFPL duties).

2. Designation of Mr. Abhinav Goorha as Senior Management

  • The Board, upon recommendation of the Nomination & Remuneration Committee, designated Mr. Abhinav Goorha as Senior Management Personnel of the company effective November 12, 2026.
  • Mr. Goorha is Assistant Vice President (IT) on the rolls of Paul Merchants Finance Private Limited (PMFPL), the wholly owned subsidiary.
  • He holds a Master of Computer Applications (MCA) degree and is a Certified Project Management Professional (PMP) from Project Management Institute (PMI).
  • He has 18 years of experience in IT infrastructure, Oracle Applications, Hyperion implementation, and project management across Banking, Finance, Healthcare, and Manufacturing sectors.
  • Areas of expertise include IT Infrastructure Management, Oracle Applications EBS, Oracle EPM and Hyperion Implementation and Administration, Project Management, and Enterprise Application Support.
  • The designation has no fixed term.

3. Resignation of Smt. Sarita Rani Bansal

  • The Board accepted the resignation of Smt. Sarita Rani Bansal (DIN: 00094504), Non-Executive Director of the company, effective November 13, 2026.
  • The reason for resignation was stated as preoccupation elsewhere.
  • She confirmed there were no other material reasons for her resignation beyond those stated.
  • Her resignation letter was enclosed as Annexure - 2.
  • Her address was provided as H.N. 749, Sector 8B, Chandigarh - 160009.