Paul Merchants Ltd — Important, 20-08-2026: Company Update

Paul Merchants Limited has announced its 42nd Annual General Meeting on September 18, 2026, to adopt its financial statements for FY26. A key agenda item is the re-appointment of Mr. Ritesh Vaid as a Director and Designated Whole Time Director for five years, with an annual remuneration range of Rs. 0.3 Cr to Rs. 0.5 Cr. The Board expresses strong support for his re-appointment, citing his deep expertise, contributions to network expansion, and crucial role in compliance. The company anticipates a 10-15% increase in profitability for FY27 due to strategic initiatives like the new Global Currency Card.