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Paul Merchants MD, chairman, board of directors and AGM

NSE: PMLBSE: 539113FinanceSmall Cap

Last close ₹455.35up ₹8.45 (1.89%)BSE ₹462.30

Share price at the NSE close on 23 Oct 2026. Previous close ₹446.90.

52-week range of BSE trades to 23 Oct 2026
₹356.60Low, 23 Oct 2026₹710.00High, 24 Oct 2025
Market cap
₹140 Cr2,529th largest listed
P/E
Lossover the last 12 months
P/B
0.2
Dividend yield
Nonein the last 12 months
ROE
−1.3%
ROE without one-offs
2.7%
ROCE
−1.4%
Debt to equity
0.01
Volume, NSE
80193.1% delivered

Paul Merchants board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonSAT PAUL BANSAL
  • Managing directorRAJNEESH BANSAL
  • Company Secretary and Compliance OfficerHardam Singh

8 directors4 independent2 executive2 non-executive

  • SAT PAUL BANSAL · ChairpersonNon-executive · joined Jun 2021 · reappointed Sep 2025 · 1 listed board · 1 committee seat
  • RAJNEESH BANSAL · Managing directorExecutive · joined Feb 1999 · reappointed Apr 2025 · 1 listed board · 2 committee seats
  • SARITA RANI BANSALNon-executive · joined Jan 2012 · reappointed Sep 2024 · 1 listed board
  • RITESH VAIDExecutive · joined Feb 2022 · reappointed Sep 2026 · 1 listed board
  • INDER SAIN NEGIIndependent · joined Nov 2020 · reappointed Nov 2025 · 70 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • ANOOP KUMAR SHARMAIndependent · joined Feb 2024 · reappointed Feb 2024 · 31 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • BHUPINDER SINGHIndependent · joined Feb 2024 · reappointed Feb 2024 · 31 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • TEJINDER KAURIndependent · joined Dec 2024 · reappointed Dec 2024 · 21 months as independent · 4 listed boards · 4 as independent · 3 committee seats, 3 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 12 Aug 20267 of 8 present3 independent · 76 days in between
    • 27 May 20267 of 8 present3 independent
  • Audit Committee

    Chair ANOOP KUMAR SHARMA

    BHUPINDER SINGH, INDER SAIN NEGI

    • 11 Aug 20262 of 3 present2 independent · 76 days in between
    • 26 May 20263 of 3 present3 independent
  • Nomination and remuneration committee

    Chair ANOOP KUMAR SHARMA

    INDER SAIN NEGI, BHUPINDER SINGH

    • 24 Jul 20263 of 3 present3 independent · 76 days in between
    • 8 May 20263 of 3 present3 independent
  • Stakeholders Relationship Committee

    Chair ANOOP KUMAR SHARMA

    RAJNEESH BANSAL, SAT PAUL BANSAL

    • 24 Jul 20262 of 3 present1 independent · 76 days in between
    • 8 May 20263 of 3 present1 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Rajiv Goel and AssociatesPeer-review certificate valid to Mar 2027
1 earlier auditor
  • Rajiv Goel & AssociatesNamed in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Paul Merchants AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Paul Merchants dividend history

Annual general meeting, 18 Sep 2026

4,340 shareholders on the register on 11 Sep 2026; present: 4 promoters and 47 others; votes counted by Kanwaljit Singh Thanewal / Kanwaljit Singh Thanewal.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · other public 0.25%

    Turnout: all 74.97% · promoters 100.00% · other public 1.26%

  2. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Report of the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · other public 0.25%

    Turnout: all 74.97% · promoters 100.00% · other public 1.26%

  3. To reappoint a Director in place of Sh. Ritesh Vaid (DIN: 09433856), who retires by rotation and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · other public 0.29%

    Turnout: all 74.97% · promoters 100.00% · other public 1.26%

  4. To re-appoint Sh. Ritesh Vaid (DIN 09433856), as Designated Whole Time Director for another Term of 5 Years w.e.f. 01.10.2026
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · other public 0.29%

    Turnout: all 74.97% · promoters 100.00% · other public 1.26%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.