Board Meeting Details

The Board of Directors meeting was held on May 27, 2026, commencing at 3:30 PM and concluding at 6:20 PM. The meeting was duly convened and approved the standalone and consolidated audited financial results.

Financial Results Approval Process

The results were reviewed by the Audit Committee in its meeting held on May 26, 2026, and subsequently approved by the Board on May 27, 2026.

Consolidation Entities

The consolidated financial results include:

  • Three wholly owned subsidiaries: M/s Paul Merchants Finance Private Limited, M/s Paul Merchants Realtors Private Limited, and M/s Paul Infotech Private Limited
  • Paul Landscape Realtors LLP (95% profit sharing interest held through Paul Merchants Realtors Private Limited)
  • SSBRO Infra Surge LLP (33% profit sharing interest held through Paul Merchants Realtors Private Limited)

Standalone Financial Performance (Amounts in ₹ Lakhs)

Quarter Ended March 31, 2026:

  • Revenue from Operations: 47,201.99
  • Other Income: 427.74
  • Total Revenue: 47,629.73
  • Total Expenses: 47,584.89
  • Profit Before Tax: 44.83
  • Tax Expense: 15.29 (Current tax: 13.09, Deferred tax: 2.20)
  • Profit for Period: 29.55
  • Earnings Per Share (Basic & Diluted): ₹0.96

Financial Year Ended March 31, 2026:

  • Revenue from Operations: 205,590.99
  • Other Income: 3,102.84
  • Total Revenue: 208,693.83
  • Total Expenses: 206,932.90
  • Profit Before Tax: 1,755.94
  • Exceptional Items: 5.00
  • Tax Expense: 436.79 (Current tax: 420.83, Deferred tax: 15.96)
  • Profit for Period: 1,319.14
  • Earnings Per Share (Basic & Diluted): ₹42.77
  • Paid-up Equity Share Capital: 308.40
  • Reserves: 49,214.06

Consolidated Financial Performance (Amounts in ₹ Lakhs)

Quarter Ended March 31, 2026:

  • Revenue from Operations: 48,212.06
  • Other Income: 858.09
  • Total Revenue: 49,070.15
  • Total Expenses: 50,973.08
  • Loss Before Tax: (1,104.61)
  • Profit from Discontinued Operations: (2,550.45)
  • Tax Expense of Discontinued Operations: (313.19)
  • Profit/(Loss) from Discontinued Operations (after tax): (2,237.26)
  • Share of Profit/(Loss) of Associates: (3.03)
  • Loss for Period: (1,439.97)
  • Earnings Per Share (Basic & Diluted): (₹46.69)

Financial Year Ended March 31, 2026:

  • Revenue from Operations: 207,362.79
  • Other Income: 4,082.20
  • Total Revenue: 211,444.99
  • Total Expenses: 209,567.70
  • Profit Before Tax: 1,877.28
  • Exceptional Items: 5.00
  • Profit Before Tax: 1,872.28
  • Tax Expense: 964.29 (Current tax: 1,027.00, Deferred tax: (63.01))
  • Profit from Continuing Operations: 908.29
  • Profit from Discontinued Operations: 30,332.77
  • Tax Expense of Discontinued Operations: 4,364.07
  • Profit from Discontinued Operations (after tax): 25,968.70
  • Profit on Disposal of Group: 0.23
  • Share of Profit/(Loss) of Associates: (2.80)
  • Profit for Period: 26,874.18
  • Profit Attributable to Owners: 26,874.21
  • Earnings Per Share from Continuing Operations: ₹29.36
  • Earnings Per Share from Discontinued Operations: ₹246.83
  • Total Earnings Per Share: ₹206.99
  • Paid-up Equity Share Capital: 308.40
  • Reserves: 89,418.81

Audit Opinion

The Statutory Auditors, M/s Rajiv Goel & Associates, issued unmodified opinions on both standalone and consolidated financial results. The auditors have subjected themselves to the peer review process of ICAI and hold a valid certificate.

Significant Events

Gold Loan Business Transfer:

Paul Merchants Finance Private Limited completed the transfer of its Gold Loan Business undertaking to L&T Finance Limited by way of slump sale on a going concern basis. The transaction was fully concluded during the quarter under review, with all components of sale consideration settled:

  • Final settlement of ₹13,61,33,435 received during Q4 FY26
  • Balance ₹14,53,572 received on April 7, 2026
  • Adjustments against retained amount of ₹15 Crores crystallized: ₹2,90,217 for gold audit and ₹1,21,22,776 for depreciation adjustment

New LLP Partnerships:

Paul Merchants Realtors Private Limited became partner in Paal Infratech LLP, SSBRO Infra Surge LLP, and Paul Landscape Realtors LLP for real estate development activities. Paal Infratech LLP was incorporated on December 22, 2025, but no capital contributed or business transactions occurred during reporting period.

Segment Reporting

The company operates in multiple segments:

  • Forex
  • Travel
  • Gold Loan (Discontinued)
  • Other Loans (Other than Gold Loan)
  • Others

Labour Code Implementation

The Government of India notified four Labour Codes on November 21, 2025, with Central Rules recently notified on May 8, 2026. No material liability is envisaged in this regard.

Cash Flow Statements

Both standalone and consolidated cash flow statements for the year ended March 31, 2026, are provided in the annexures.

Availability of Results

The results are available on BSE website (www.bseindia.com) and company website (www.paulmerchants.net).