41’ —NV

Paul Merchants Ltd.

cm : uwmuncmma

Corp. Dtlice. : PML House. 500 829-830. Sector 224“. Chandigam‘ieoflfl

Ph.0172-5041740,50417515041792 Fax : 0172-5041713

Head. Office : DSM 335, 336. 337, 3rd Floor. DLF Tower, 15, Shiva" Marg.

Natafgarn Road, New Balm-110015 Ph. : 01148702000

Corporate Relations Department,PML/BSE/CS/201“§’7‘7’i“£"”““"”“”‘

‘”'°°”‘“'”""‘""'"“

BSE Limited,Date: February 7, 2019

Phiroze Jeejeebhoy Towers

Dalal Street

Mumbai- 400001

SUB: OUTCOME OF BOARD MEETING—_—————

INTIMATION UNDER REGULATION §0 OF SEBI (LISTING OBLIGATIONS &

DISCLOSURE REQUIREMENT§) BEGULATIQNS, 2015 (“SEBI LODR Regulations"!

SCRIP CODE: 539113

TIME OF COMMENCEMENT: 12.00 PM.

TIME OF CONCLUSION: 03.45 PM.

Dear Sir,

In compliance with the provisions of Regulation 33 read with Regulation 30 of SEBI (Listing

Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform your

good office that the Board of Directors of the Company in their duly convened meeting held

Today i.e. Thursday, the 7'“ Day of February, 2019 has inter alia discussed and approved

the following matters:

1. Approval of Standalone Un-audited Financial Results alongwith Standalone Segment

Results for the Quarter and Nine Months ended on December 31, 2018. Copy of the said

Results is attached herewith as Annexure - A

2. Taking note of Limited Review Report issued by Statutory Auditors of the Company on

the aforesaid results. Copy of the said Limited Review Report is attached herewith as

Annexure - B;

3. Appointment of Mr. Sat Paul Bansal as Chairman Cum Managing Director (DIN

00077499) (CMD) of the Company. Pursuant to the requirement of Regulation 30

read over with Para A (7) of Part A of Schedule III of SEBI LODR, Para A (7) of

Annexure I to SEBI circular no. ClR/CFD/CMD/4/2015 dated 09.09.2015, the required

information in this regard is given below:-

1. Name of Key Managerial Personnel (CMD)— Mr. Sat Paul Bansal

2. Reason for change— Re— Appointment

3. Date of re—appointment- 07-02-2019

4. Term of rte-appointment- From 01-04-2019 till 31-03-2024

5. Disclosure of relationships between directors — Mr. Sat Paul Bansal is husband of

Mrs. Sarita Rani Bansal, Director of the Company. He is father of Mr. Rajneesh

Bansal, Executive Director and Mr. Sandeep Bansal, Director of the Company. He is

not related to any other Director, Manager or Key Manageria sonnel of the

Company;2‘

;

CHAND\O'§/

WESTERN UNION l FOREIGN lTOURS It I

OUTBOUND IDOMESTIC

lINTERNATIONAL

W ------ - “nun: mnuaccn IInIlFV TRANSFER SIM CARD

6 Erleiproiile aAsPerAlmeura-C

4. Appointment oi Mrs ahupinder Kaui (PAN Asommr' FCA 505435) as Chiet

Financial orineer (cm) at the Company Pursuant to the requirement oi Regulaton so

read over with Para A 17) oi Pan A oi schedule I" oi SEE! LODR. Para A in oi

Annexuie I to SEEI oireular no ctR/cru/CMDM/zois dated 09 09 2M, the requirediniormation in this isgaid is given below;

Name oi Key Managerial Personnel (CFoi — Mrs enupinder KaurReason tor change — AppointmentDale 01 Appointment — 0770272019

Term oi appointment - Not iixed

lanei prohle . As Per Annexure . nmbumg5. Approval oi granung oi a loan to the Whoity Owned Subsldiary oi the Company i e Paul

Merchants Finance Private lened 1‘FMFPL'L in one or more iiaiichesi not exeeeoing a

sum at Rs so Croie (Rupees Eighty Crore enlyi Pursuant to the requirement oi

Regulation so read over with Para 3 mi oi Part A oi Schedule III oi SEBI LODP, Para9 (11) of Annexuie | to SEBI circular no ctR/cmrcmnrmots dated 09.09 2015 (asnearly as lads permit the required inluimailcn is given below -

A Name or pany to which such Loan is

given

Paul Merchants Finance Priuale

Limited t‘PMPPL‘)E Whether the promoteri promoter group/

group companies haue any interest in

this transaction? ii yesi nature oi interest

and details ihereoi and whether the

same is done at 'arms length?

ves

PMFPL is a Wholly Owned

Subsidiary Company at Paul

Merchants Limited. Funhei‘ Sh

Sat Poul Bansal and sh, RajneeshBansal, who are Directors oi the

Company are also Directors in

FMFPL. The proposedTransaction shall be on Aim‘s

Lenglh basis and a Oenmcate to

this elieet has already been issued

by the statutory Auditors oi the

Company, The matter has also

been approved by the Audn

Committee oithe Beard

Briei details oi Luan VIZ. tanei details oi

agreement entered (II any) inoludrno

significant terms and mndllions,

including amount oi Loan

Amount oi Loan , Rs 80 00

crores (Rupees Eighty crores

Onlyl in one or more Tranehas

. Pate oi intereet to be chaiged on

the Loans to be extended shall

not be less than the rate

specified under Sediun 155 and

186 oi the Companies Act, 2013

The amount oi the Loan shall be

used Dy the borrower strictly ior

its business operations

Repayable on Demand

impact at such Loan on listed entity. The impact an the Listed Entityshall not be material consideringthe size oi the Company and

rurther, the amount advanced to

the Wholly Owned SubsldlaryCompany shall he strictly used in

the business operations at theLafler in terms a! monetary value.the impact on Paul Merchants Ltd

may be taken as Rs 80.00 Crates

7(Rupees Eighty le’es only)

6. Approval oi Dmvlfllng of guarantee or securities in connection with any loan to begranted to the wholly owned Subsidiary at the Company i e Paul Merchants Flnanoe(Pvt) lelled tPMFPLi by any beinlu financial institution tor an amoum not exceed asum at Rs. too crore tRupees One Hundred Crore only) in addition to the existingGuarenlees/securilles Pursuant to the requirements ol Regulation 30 read over wtthPara 5 [11) ol Part A ot Schedule ill at SEE! LODR, Para 3 (11) of Annexure | toSEBI umular no. CIR/CFD/CMDWZDIS dated 0909 2015. the required lnfnrmalion is

given helm:-

Nerrie at party tor which such guaranteesor indemnity or surety was given

Paul MeEhants Flnance Fill/aleLimited (‘PMFPL'l (to be issued in

lulure)Whether the ommoter/ promoter gronp/group companies have any tntevesl in

this iranseotinn7 it yes, nature or interestand details thereor and whether the

same is done at “arms length"

vss

PMFPL is a wrioiry Owned

Suhsidlary Company oi PaulMerchants Limited Funher, Sh.

Sat Paul Bansal arid Sh. RaineeshBansai. who are Directors or the

Company are also Directors in

PMFPL The proposedTransaction shall he on Ann's

Length nests and a Cenmoate to

this erreoi has already been issued

by lite Statu'ny Auditors 01‘ the

Company the matter has also

been approved by the Audit

Committee ot the Board

Briei details at such guarantee or

indemnity or becoming a surety iiiz. briet

details at agreement entered in ethylincluding slgnificanl terms and

oondiiions, including amount at

guarantee

Amount of GusmnteysecuntyNol Exceeding Rs, 10000 Crores

(Rupees Hundred Crores Onlyi to

be issued in iuiure, in addition to

the extsllrlg Guamnleeu

Securities

Impact at such guarantees or indemnityor surety on listed entity

The impac1 on the Listed Entityshalt not be material wnsidiiingthe tact that it Will be a oontingenlLiahiiiw. only ooming into picture in

ease oi deiauit oommilled tryFMFPL in repayment ol its loan to

the oorieerned haniu financialinstitution in terms Di monetaryvalue, the Impact on Paul

Merchants Ltd, in that case will be

to the tune ot actual detauti try

FMFFL, whlch «or me pumnse cl(hls dlsclasure may be lalrerr as

Rs luo no Cmres (RupeesHundred Crures Only],

1. Appolnlmem of Mr, Anil Neg! (Membershlp No 46547 OF NO 17213) as Secretarial

Audltor of the Company Vor the Financial year 2019-20 Pursuanl to me

requlremems cl Regulalzorr 30 read over wllh Para A (7) of Pan A of Schedule III OVSEBI

LODR‘ Para A (7p 0! Annexuve I to SEEI circular no ClR/CFD/CMDWZUIS daled

0909,2015, the required informallun In this regard ls given helm:-

Name ollne Audllor — Mr, Anll Negl [secrezanal Audllov)Reason lor change _ AppointmentDale or Anpuinfment — 077022019

Term of appolnlmem , One Year lor lhe Financial year 2019-20Brier pmfile - As per Annex 71 — Eagnvm

Vou are requesled to lake lhe same on your records,

Thanking you‘

Vows lalmmlly.

For PAUL MERCHANTS LIMITED

(HARDAM SINGH)COMPANY SECRETARY

chso‘a

Encl:

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uMfiiD REVIEW usmm’

Reuiew Repon to

Board of Directors M

Paul Merchants lened,

We have reviewed the actompanying statement or Unaudited rinancial Iiesults dI paul Merchants

limited tor ttie duarter at Nine Months ended 31“ December, 2013 attacned nerewith being

submitted oy tne company pursuant to the requirement oi Regulallon 33 ol SEBI ttisttng opllgations

and disclosure Requirements) Regulafians, 2015, as modified by SEBI Circular No.

CIR/CFDIFAC/fi/lols dated Iuly 5, 2016.This statement Iias been prepared in accordance witn tne

recognition and measurement principles laid down in the Indian Accounting standard 34 “lme

Flnanaal Repnmnf‘ ("Ind AS wt prescriped under Sedion 133 ottlie companies Act, 2013 read witn

relevant laws Issued tliere under and other accounting Winclvle‘s generally accepted ‘in tndia and is

the responsioi ity uf tne company's Management and has been approyed by ttie aoard oI Directors,

our responsibility Is to issue a report on tnesennancial statements eased on our review

We conducted our review accordance with tne Standard on neuiew Engagement tsae) 24m,

Engagements to Iieyiew Interim nnancial Statements issued oy tne Institute ot cnartered Accountants

ol India nits standard requires tnat we plan and pertorm the review to obtain moderate assurance as

to wncttier the financial statements are tree ot material misnatement A review is limited primarily

to inquiries 01 Company personnel and analytical procedures applied to financial data anti ttius

proyides less assurance than an audit. w:L

eApress an audit opinion.

e not perlormed an audit and accordingly, we do not

Based on our reuiew conducted as apove, notning nas come to our attention tnat causes us to oelieye

tnat the accompanying statement oI unaudited rinancial Results prepared In accordanoe Witn

recognition and measurement princlples laid down in tne Indian Accounting Standard an “Interim

Financial Repnnmg" rind AS 341”) presumed under section 133 otttte companies Act, 2013 read with

releyam laws issued there under and otner accounting prinaples generally accepted in India has not

disclosed the intormation required to be disclosed in terms or Regulation 33 of tne SEEl tllsttng

obligations and Disclosure Requirements) Regulations, 2015 lmludlng tne manner In wnicli it .s to be

disdosed, ortnat it contains any material misstatement.

For JAIN & AssoclAles

CHAmRED Accouuums

rirm Rep. No.— 0.1361“Dame. 07.02.1019

(ed/«j(use IAIN

PAlrmcli

M. No. ”9471

ANNEXURE-C

BRIEF PROFILE SH. SAT PAUL BANSAL

Name: » Sh. Sat Paul Bansal

Father's Name— Late Sh. Eanarsi Dass

Qualificaiion - Graduaie In Ans

PresentlFarminanl Address- House No. 749, Sector 8, Chandlgafh460008Experience — more ihan 25 Years

Dale of First (Original) Appoinumm— 27—09—1990

Mr. Sat Paul Bansal is around 71 years of age and a Graduate in An: and has been

associated wim Peui Merchanis Limited fell over 26 years. He is the Promoter direcior &

Chairman Cum Managing Director onhe Company and ever since joining me Cumpany,has been spearheading all the material actlvhies oi the Company. He has been leadingthe iormuiaiion of strategy, corporate Policy, Corporate objectives and decusion makingprocess of Board through his active paritcipaiion. He also holds dlrecimship in various

other Companies as meniiuned beiow:

SI. Name 0' me CompaniesIBodies Naiure oi interest or

No. CorporahIFirmslassocialion 0' individuals concern/Change in

if 7 ,

interest a; concern

1 PAUL OVERSEAS PVT. LTD. DIRECTOR

2 PAUL ENERGY PROJECTS PRIVATE LIMITED DIRECTOR

3 PAUL MERCHANTS FINANCE PRIVATE LIMITED DIRECTOR

4 PAUL EXCURSIONS PRIVATE LIMITED DIRECTOR

5 PML HOLIDAYS PVT LIMITED DIRECTOR

6 PML REALTORS PVT LIMITED DIRECTOR

7 PAUL FAST REMIT PVT LIMITED DIRECTOR_>

B NAMSAT FINANCIAL SERVICES PRIVATE LIMITED DIRECTOR

9 HORIZON REMIT SDN. BHD. DIRECTOR

ANNEXURE-D

BRIEF PROFILE MRS. BHUPINDER KAUR

Mama: - Ms Ehupinder Kaur

Husband‘s Name — S Talvmder SinghQualification - FCA

,DISA

.8.00m

Prosont Address :-# 5‘ Ground Floor, Astha Enclave-2, Sector-127, Mohali

PAN A ASOFKSQZOF

Membership No, - FCA 508485

Experience — 12 years

M5. Bhupinder Kaur i5 8 Fellow member or Institute at Chanered Accountants of India

(ICAI). She is also a qualified systems auditor having undergone the Inlormatlon

Systems Audit course conducted by ICAI She is a Graduate in Commerce from MCM

DAV College for Women, Chandigarh. She is a praiessional wlttl more than 12 Years' or

experience In Flnanoe, Accounts, Taxatlon, Audit, Forelgn Exchange Management Act

(FEMA), Corporate Advisory and Internal Control functions She started her career with

Copal Research India Private Limited (now Moody's Analytics Knowledge Services) as

Financial analyst and research associate sewing investment banker clients for one

year, She moved on to join Deloitte Haskins & Sells. Gurgaon and sewed as Deputy

Manager - Taxation tar 4 years. She held the position or Departmental Head-Finance

and Accounts, Punjab Communications Lim'fled, Mohali a IIsted company and publicsector undertaking or Punjab Government for 4 years She has good exposure in Indian

GAAP, Finance, Accounts, Internal contrnls, Audll and Taxation.

are

ANNEXURE- E

BRIEF PROFILE

Name 0! Secretarial Auditor: - Anil Singh Negi (Proprietor ol Anil Negi & Company)Qualification:- Practicing Company SecretaryBranch Chum-Walla Cottage

Ground Fluor,Near Auckland Hotel,Lakkar Bazar Shimla H.P 171001

PAN Nov AHKPN2974K

GSTN: uzAHKPN2974K1zz

Clrlificate of Practice Numb": 17213

Mambfilship No. 46547

Experience:— 3 years

Anil Negi a. Company, a firm oi Company Secretaries, was established witn a view to provide

Corporate Secretarial a. otner consultancy services to clients We also deal in issues involvingcorporate restructuring and SEBI related matters.

Over a period at time the firm expanded and diversified its portfolio or services, m tandem With

the changing buslness envlrorlrnerit and client needs

We are providing a whole gamut oi services ranging irom Company lncorporation to Corporate

Restructuring, Issue management and nave been able to establish long lasting relationship with

our valued clients We serve 2 large and satisfied clientele profile lrorn servroes sector to

manotactunng indusines.

our Firm recognized let its prompt overnaui. Our Firm is been recognized lor rls young talent

and responsiveness. Firm is been nperated From Chandigarh l Shlmla. The organization is a

congregation 0f protessionaliy qualified and experienced persons wno are committed to ado

value and optimize the benefits accruing to clients We firm consists oi Company Secretaries,and many other protessional M10 are inter-linked with uni olganmatlun (mm the different citles

ot the Himachal Pradesh Our firm at Company secretary represents a coalltlon of specializedSkills that is geared to utter sound compliance solutions and adwces, Our firm is Dmvlding

services in tne various fields at registration and has maintained motivated work force, pliant

retenoon, nign integrity, dedication sincerity, quality oi service and proiessionalism Tnere are

employees working since the inception oi willing to play a long innings We boast or commitment

and loyalty at nur team Writ) lend us stability and success in the past and provide us the

confidence to move into luture Today, we are successfully handling the service solutions that

asstst us in providing complete guidance to customers at every individual stage as desired bythem. thin: helping un (whim/w high entintmtien lovalct

we earnesiiy requesi you to Klnuly mnsldar Us loi ueluw illeililuileu aeiviues and put tile name

0! our firm In the panel maintained.

About the Services altered:—

> Company Law proceedings in complex matters concerning oppression,

mismanagement, retusai to register transiers, investigation. lreeze on voting rights, etc,

§*%

“r Advlsory servloes in corporate law matters Includlng FEMA. foreign direct mvaslmem,

ECBS, takeovers, secumles laws, stamp {aw‘ etc

> Indirect laxallon — GST‘ Stale Excise Law

> Mergers, de-mergers, carpurane Ieslruclunng, schemes and arrangements,Company law form 5 such as mwrporation, shilling 0! registered omoes,

cumpoundmg o! oflences, eh: