Paul Merchants Ltd — Updates, 04-06-2025: Company Update

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 worker migration to Canada and Europe. Ongoing geopolitical tensions and policy changes in these regions add near-term uncertainty to the business outlook. Despite the downgrade, the rating agency notes comfort from the promoters’ extensive industry experience and the company’s comfortable capital structure.