Paul Merchants Ltd is in money exchange and remittances businessRegistrations: Corporate Head office of company is in Chandigarh. Company holds licenses issued by Reserve Bank of India to act as Authorized Dealer Category II and is a prominent Sub-Agent of EBIX Money Express (P) Ltd for providing inbound International Money...
Paul Merchants Limited's material wholly-owned subsidiary, Paul Merchants Finance Private Limited (PMFPL), has prematurely redeemed its Secured, Unlisted, Taxable, Redeemable Non-Convertible Debentures (NCDs). The subsidiary paid off the NCDs totaling Rs. 7.09 crore, including the principal amount and accrued interest. This early redemption signifies a proactive debt management strategy and...
Paul Merchants Limited has announced a certificate from its Registrar and Share Transfer Agent confirming that no securities were received for dematerialization during the quarter. All existing dematerialized securities remain listed on the stock exchanges. This indicates stable shareholding structure with no fresh demat activity in the period, reflecting steady...
Wholly owned subsidiary PML Realtors Private Limited has announced a rights issue of 2.25 crore equity shares at ₹11 each, raising ₹24.75 Cr. The parent company, Paul Merchants Ltd, holding 100% equity in the subsidiary, is the sole subscriber to this issue. The capital raised will support working capital needs...
Paul Merchants Finance Private Limited, a wholly owned subsidiary of Paul Merchants Limited, has completed the slump sale of its Gold Loan Business Undertaking to L&T Finance Limited. The transaction transferred all related assets, liabilities, employees, contracts, and goodwill (excluding the brand name) on a going concern basis. The lump...
Paul Merchants Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company’s credit rating has been downgraded by Infomerics Valuation and Rating Pvt Ltd due to sustained earnings decline over four quarters, primarily from reduced forex income linked to lower student and...
