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Paul Merchants Limited's promoter group entity, Paul Excursions Private Limited, has converted into a Limited Liability Partnership (LLP) named Paul Excursions LLP. This entity holds 3,07,065 equity shares, representing 9.96% of the company's total equity. The company clarified that this conversion will not change the overall promoter shareholding, management, or control. All assets and liabilities, including the shares held by the erstwhile company, will vest with the newly formed LLP, ensuring continuity for investors.