Intimation under Reg 30 of SEBI (LODR) Reg, 2015 - Approval of Application for Renewal Cum Amendment of AD Category - II License under the FEMA (Authorised Persons) Regulations, 2026

Corporate Relations Department, PML/CS/BSE/2026/094 BSE Limited, Date: July 31, 2026 Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001. SUBJECT:- INTIMATION UNDER REGULATION 30 OF SEBI (LISTING OBLIGATIONS & DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 – APPROVAL OF APPLICATION FOR RENEWAL CUM AMENDMENT OF AD CATEGORY-II LICENSE NO. NDL-ADII-0001- 2023 UNDER THE FOREIGN EXCHANGE MANAGEMENT (AUTHORISED PERSONS) REGULATIONS, 2026 SCRIP CODE: - 539113 Date of Event/Information: July 31, 2026 Time of Occurrence of Event/Information: 05:26 PM 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, the Reserve Bank of India, Foreign Exchange Department, has approved the Company's application dated July 22, 2026 (Ref: PML.HO.AD.II RBI/No./084/2026-27) for renewal-cum-amendment of its Authorised Dealer Category-II (AD Category-II) Licence under the revised regulatory framework prescribed under the Foreign Exchange Management (Authorised Persons) Regulations, 2026, notified on April 30, 2026. Pursuant to the aforesaid approval, the Company's Authorised Dealer Category-II Licence, as against the current system of annual renewal, shall remain valid on a perpetual basis, enabling the Company to undertake its principal business activities of Money Changing, and to carry out such other activities as may be permitted under the Foreign Exchange Management (Authorised Persons) Regulations, 2026, as amended, modified, re-enacted, or replaced from time to time. 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 B Brief details of the approval/license RBI has approved the Company's obtained/ withdrawn/ surrendered application for renewal-cum- amendment of its AD Category-II Licence No. NDL-ADII-0001- 2023under the Foreign Exchange Management (Authorised Persons) Regulations, 2026. The Licence, as against the current system of annual renewal, shall remain valid on a perpetual basis, enabling the Company to undertake its principal business activities of Money Changing, and to carry out such other activities as may be permitted under the Foreign Exchange Management (Authorised Persons) Regulations, 2026, as amended, modified, re-enacted, or replaced from time to time. C Impact/relevance of such The approval aligns the Company's approval/license to the listed entity Licence with the revised regulatory framework, ensures continuity of authorised foreign exchange activities and provides perpetual validity, subject to regulatory compliance. 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 The approval has been granted on a approval/license is/was valid perpetual basis, unless modified, suspended, or revoked by the Reserve Bank of India in accordance with the applicable regulatory framework Kindly take the same on your records. Thanking You Yours faithfully, For PAUL MERCHANTS LIMITED (HARDAM SINGH) COMPANY SECRETARY AND COMPLIANCE OFFICER (Membership No: FCS 5046)