Annual Report for the year 2025-26 including Notice of 42nd Annual General Meeting of the Company

Corporate Relations Department, PML/BSE/CS/2026/364 BSE Limited, Date: August 20, 2026 Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001 SUB: - 42nd Annual Report of the Company for Financial Year 2025-26 Ref: Regulation 34 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 SCRIP CODE: - 539113 Dear Sir, Pursuant to the applicable Regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the 42nd Annual General Meeting of the Company is scheduled to be held on Friday, the 18th day of September, 2026 at 12.00 Noon (IST) through Video Conferencing (VC)/ Other Audio Visual Means (OAVM) in compliance with the Ministry of Corporate Affairs (MCA) General Circular No. 03/2025 dated September 22, 2025 read over with its earlier Circulars with particular reference to Circular no. 20/2020 dated May 5, 2020, Circular no. 17/2020 dated April 13, 2020 and Circular no. 14/2020 dated April 8, 2020 on the subject. Further, in terms of the provisions of Regulation 34(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith the Annual Report of the Company for the Financial Year 2025-26 including the Notice of the 42nd Annual General Meeting of the Company. You are requested to kindly take the same on your records. Thanking You. Yours faithfully, For PAUL MERCHANTS LIMITED, (HARDAM SINGH) COMPANY SECRETARY & COMPLIANCE OFFICER FCS 5046 Encl: Annual Report of the Company for the FY 2025-26 CC to: National Securities Central Depository Alankit Assignments Limited Depository Limited, Trade Services (India) Ltd, ( R T A o f t h e C o mpany), World, A wing, 4th Floor, Marathon Futurex, A-Wing, ALANKIT HOUSE 4E/2, Kamala Mills Compound, 25th floor, NM Joshi Marg Jhandewalan Extension, Lower Parel, Mumbai - Lower Parel, Mumbai New Delhi - 110055 400013 400013 INDEX PARTICULARS PAGE NO. NOTICE 7 DIRECTORS’ REPORT 41 MANAGEMENT DISCUSSION & ANALYSIS REPORT 86 REPORT ON CORPORATE GOVERNANCE 125 GENERAL SHAREHOLDER INFORMATION 158 STANDALONE FINANCIAL STATEMENTS - AUDITORS’ REPORT 2 0 9 BALANCE SHEET 224 STATEMENT OF PROFIT & LOSS 225 CASH FLOW STATEMENT 227 NOTES TO FINANCIAL STATEMENTS 231 CONSOLIDATED FINANCIAL STATEMENTS - AUDITORS’ REPORT 255 BALANCE SHEET 267 STATEMENT OF PROFIT & LOSS 268 CASH FLOW STATEMENT 270 NOTES TO FINANCIAL STATEMENTS 271 CORPORATE INFORMATION BOARD OF DIRECTORS STATUTORY AUDITORS Mr. Sat Paul Bansal, Non-Executive Director and Chairman M/s Rajiv Goel and Associates, Mr. Rajneesh Bansal, Managing Director Chartered Accountants, Mrs. Sarita Rani Bansal, Non-Executive Director S.C.O. 823-24, FF, Sector 22-A, Mr. Ritesh Vaid, Designated Whole Time Director Chandigarh (Firm Regn. No. Mr. Inder Sain Negi, Independent Director 011106N) Mr. Anoop Kumar Sharma, Independent Director Mr. Bhupinder Singh, Independent Director INTERNAL AUDITOR Ms. Tejinder Kaur, Independent Director CA Aarti Markan (FCA 502300) REGISTERED OFFICE SECRETARIAL AUDITOR DSM 335, 336, 337, 3rd Floor, DLF Tower, 15, Shivaji Marg, M/s Anil Negi & Company, Company Najafgarh Road, New Delhi -110015 Secretary (ACS 46547, CP No. TEL: 011-47529460 17213) EMAIL: info@paulmerchants.net CHIEF FINANCIAL OFFICER CORPORATE OFFICE CA Sakshi (FCA 419986) PML House, SCO 829-830, Sector 22-A, Chandigarh - 160 022 COMPANY SECRETARY AND TEL: 0172-5041786, 5025090 COMPLIANCE OFFICER EMAIL- info@paulmerchants.net WEBSITE: www.paulmerchants.net CS Hardam Singh (FCS 5046) CIN: L74900DL1984PLC018679 PRINCIPAL BANKERS WHOLLY OWNED SUBSIDIARIES HDFC Bank IndusInd Bank Paul Merchants Realtors (Private) Ltd ICICI Bank Paul Merchants Finance (Private) Ltd IDFC First Bank Paul Infotech (Private) Ltd State Bank of India Axis Bank Stock Exchange - BSE Ltd. REGISTRAR TO AN ISSUE AND SHARE TRANSFER AGENT Alankit Assignments Limited, Corp. Office:- Alankit House, 4E/2, Jhandewalan Extension. New Delhi- 110055 (INDIA) Ph No. : 011- 42541234 / 23541234 Regd. Office: 205-208 Anarkali Complex Jhandewalan Extension New Delhi- 110055 YEAR 2025-26 - AT A GLANCE (ON STAND ALONE BASIS) Gross Revenues from Operations Rs. 2055.91 crores Net Profit Before Tax Rs. 17.56 crores Net Profit after Tax Rs. 13.19 crores 3000 2612.48 2598.4 2500 2039.02 2000 1500 1267.73 1319.14 1000 590.98 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 retfA tiforP NET PROFIT CURVE Year 90 84.25 84.71 66.12 41.11 42.77 30 19.16 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 ).sR EARNING PER SHARE* Year LIST OF BRANCH OFFICES OF THE COMPANY Region Branch city State Address of the branch GF 1, Mansuri House, Opp Behra- Munga School, 1 West Ahmedabad Gujarat Ashram Road, Ahmedabad – 380009 Shop No. 5, Pramukh Palace, Jai Hind Char Rasta, 2 West Ahmedabad Gujarat Maninagar, Ahmadabad 380008 7, Krishan Tower, Opposite Sachin Tower, Anand 3 West Ahmedabad Gujarat Nagar, 100 Ft. Ring Road, Ahmedabad - 380014 Shop No. 1, Amritsar Road, Opposite ICICI Bank, 4 North Ajnala Punjab Ajnala, District Amritsar 143102 Building No. 196, Ground Floor, BC Bazar, Near 5 North Ambala Haryana janta Sweets and Indira Gandhi Goal Chakkar, Jagadhari Road, Ambala Cantt., Haryana-133001 Shop No. 5, First Floor, Opposite Doaba 6 North Amritsar Punjab Automobiles, Court Road, Deep Complex, Amritsar, Punjab-143001 7 North Banga Punjab Star Complex, Main Road, Banga -144505 (Punjab) #B12/00282 Megh Raj & Sons, Pakka College 8 North Barnala Punjab Road, Opposite Union Bank, Barnala, Punjab- 148101 SCO 30, Fuwara Chowk, Jalandhar Rd, Batala, 9 North Batala Punjab Punjab 143505 Ground Floor, Shop No 3039-A, Sharma Complex, 10 North Bathinda Punjab Power House Road, Opposite Traffic Police, Bathinda (Punjab) Himachal VPO Bhagsunag, Tehsil Dharamshala Distt. Kangra, 11 North Bhagsunath Pradesh HP-176219 12 North Bathinda Punjab The Mall, Hanuman Chowk, Bathinda Central Madhya Plot No 6, VNV Plaza, M.P Nagar, Zone-2, Bhopal- 13 Bhopal west Pradesh 462011. Bir Tibetan Colony, Opposite Surya Classic Hotel, Himachal 14 North Bir Village Chaugan, Teh Baijnath, Distt. Kangra. Pradesh Himachal Pradesh 176077 Chandigarh 15 North Chandigarh SCO No 829-830, Sector 22-A, Chandigarh-160022 No.1 & 2, Ground Floor, Corp No. 35/1460 C, Penta 16 South Cochin Kerala Estate, Janatha Junction, Palarivattom, Kochi - 682025 LGF 136 & LGF 125 , World Trade Centre, Babar 17 North Delhi New Delhi Road, Connaught Place, New Delhi - 110001 G.T Road, Near Punjab National Bank, Dasuya- 18 North Dasuya Punjab 144308 DSM 335,336,337, 3rd Floor, DLF Tower, 15 Shivaji 19 North Delhi New Delhi Marg, Najafgarh Road, Moti Nagar, New Delhi Jubilee Cinema Chowk, College Road, Opp. Canara 20 North Faridkot Punjab Bank, Faridkot (Punjab)-151203 The Mall Road, Shaheed Udham Singh Chowk 21 North Ferozepur Punjab Market, Opp. Axis Bank, Ferozpur City-152001 Shop No 08, Near College Canteen, VPO Gardhiwal, 22 North Gardhiwala Punjab Dasuya Road, Distt Hoshiarpur Punjab. Ground Floor, Near Punjab National Bank, Railway 23 North Garhshankar Punjab Road, Garhshankar, District Hoshiarpur Shop No.1, Shivam Market, Opp LIC Office, G T 24 North Gurdaspur Punjab Road, Gurdaspur-143521 Shop No.117, Ground Floor, AKD Tower, Sector – 25 North Gurgaon Haryana 14, Gurgaon (Haryana) Roshan Road, Near Bengali Sweet Shop, Phagwara 26 North Hoshiarpur Punjab Chowk, Hoshiarpur-146001 Near Cooperative Bank, Railway Road, Hoshiarpur 27 North Hoshiarpur Punjab 146001 5 & 6 Upper Ground Floor, Liberty Plaza, Himayat 28 South Hyderabad Telangana Nagar, Hyderabad - 500029 Central Madhya Lower Ground Floor, Shop No. LG-2, Royal Rattan 29 Indore west Pradesh Building, 7 M.G Road, Indore-452001 Shop No. 111, K.S. Grewal Down Town Tehsil Road, 30 North Jagraon Punjab Opp SSP Office, Jagraon, Distt. Ludhiana-142026 North 8, Katewa Bhawan, Opp. Ganpati Plaza, M.I. Road, 31 Jaipur Rajasthan west Jaipur 302001 Lower Ground Floor, Arora [Showing first 8,000 characters — download PDF for full document]