Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015

PML/CS/BSE/2026/419 Date: September 28, 2026 Corporate Relations Department, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001. SUBJECT:- Intimation under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 – Grant of MTSS License by Reserve Bank of India SCRIP CODE: - 539113 Date of Event/Information: September 28, 2026 Time of Occurrence of Event/Information: 03:27 P.M Respected Sir/ Ma’am, Pursuant to Regulation 30 read over with Para B (12) of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR regulation”), Para B (12) of Part A of Annexure 18 of SEBI Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 and Industry Standards on Regulation 30 of LODR Regulation, we hereby inform you, in continuation to our earlier letters number PML/BSE/BM/2024/183 dated November 13, 2024 , whereby we had informed the Exchange regarding the Board’s decision to re-commence the Money Transfer Service Scheme (MTSS) business by obtaining the required License from Reserve Bank of India, that pursuant to the application made by the Company in this regard, the Reserve Bank of India has accorded its permission to the Company to act as an Indian Agent under the Money Transfer Service Scheme of the RBI, vide its email dated 28.06.2026. The required details as per SEBI Circular no. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 in this regard are as under: S.N Particular Details A Name of the regulatory or licensing Reserve Bank of India (Foreign authority Exchange Department) B Brief details of the approval/license The Reserve Bank of India has obtained/ withdrawn/ surrendered accorded its permission to the Company to act as an Indian Agent of Western Union Financial Services Inc as well as MoneyGram Payment Systems, Inc under the Money Transfer Service Scheme (MTSS) of the RBI. C Impact/relevance of such This permission will enable the approval/license to the listed entity Company to act as a principal agent under MTSS for the above overseas principals and to undertake inward cross-border money transfer business in accordance with the applicable RBI framework. The approval is a key regulatory authorisation for the Company’s remittance-related activities and the commencement of operations shall be in accordance with the conditions of the approval and applicable law. D Withdrawal/ cancellation or Not Applicable; suspension of license / approval by the regulatory or licensing authority, with reasons for such action, estimated impact (monetary or otherwise) on the listed entity and penalty, if any E Period for which such Perpetual approval/license is/was valid Kindly take the same on your records. Thanking You Yours faithfully, For PAUL MERCHANTS LIMITED (HARDAM SINGH) COMPANY SECRETARY AND COMPLIANCE OFFICER FCS 5046