Paul Merchants Ltd — Board Meeting, 26-05-2025: Board Meeting

Paul Merchants Limited has announced a board meeting on May 26, 2025, to approve the financial results for the quarter and half-year ended March 31, 2025. The Board approved standalone and consolidated audited financial results, including segment results, assets and liabilities, and cash flow statements. The statutory auditors issued unmodified audit opinions for both standalone and consolidated results. Notably, the company’s wholly owned subsidiary, Paul Merchants Finance Pvt Ltd (PMFPL), is transferring its Gold Loan Business to L&T Finance Limited via a slump sale expected to complete in June 2025. The Gold Loan Business has been classified as discontinued operations with related assets and liabilities presented separately. The company recorded penalties totaling Rs. 1.25 Cr related to past foreign exchange violations, which have been deposited. Applications to drop ongoing adjudicating proceedings have been submitted. Segment reporting shows continuing operations mainly in Forex, Travel, and Money Transfer services. The results reflect stable revenue and profitability trends with clear separation of discontinued Gold Loan operations for transparency.