General information about company | |
| Scrip code | 539113 |
| NSE Symbol | |
| MSEI Symbol | |
| ISIN | INE291E01019 |
| Name of the entity | Paul Merchants Limited |
| Date of start of financial year | 01-04-2022 |
| Date of end of financial year | 31-03-2023 |
| Reporting Quarter | Quarterly |
| Date of Report | 31-12-2022 |
| Risk management committee | Not Applicable |
| Market Capitalisation as per immediate previous Financial Year | Top 2000 listed entities |
Annexure I | |||||||||||||||||||||||||
Annexure I to be submitted by listed entity on quarterly basis | |||||||||||||||||||||||||
I. Composition of Board of Directors | |||||||||||||||||||||||||
| Disclosure of notes on composition of board of directors explanatory | |||||||||||||||||||||||||
| Whether the listed entity has a Regular Chairperson | Yes | ||||||||||||||||||||||||
| Whether Chairperson is related to MD or CEO | Yes | Disqualification of Directors under section 164 of the Companies Act, 2013 | |||||||||||||||||||||||
| Sr | Title (Mr / Ms) | Name of the Director | PAN | DIN | Category 1 of directors | Category 2 of directors | Category 3 of directors | Date of Birth | Whether the director is disqualified? | Start Date of disqualification | End Date of disqualification | Details of disqualification | Current status | Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] | Date of passing special resolution | Initial Date of appointment | Date of Re-appointment | Date of cessation | Tenure of director (in months) | No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) | No of Independent Directorship in listed entities including this listed entity (Refer Regulation 17A(1) of Listing Regulations | Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) | No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) | Notes for not providing PAN | Notes for not providing DIN |
| 1 | Mr | SAT PAUL BANSAL | ABEPB7985N | 00077499 | Non-Executive - Non Independent Director | Chairperson | 22-07-1947 | No | Active | Yes | 29-09-2021 | 08-06-2021 | 29-09-2022 | 1 | 0 | 1 | 0 | ||||||||
| 2 | Mr | RAJNEESH BANSAL | ABEPB7983L | 00077230 | Executive Director | Not Applicable | MD | 27-07-1974 | No | Active | NA | 27-02-1999 | 01-09-2020 | 1 | 0 | 3 | 0 | ||||||||
| 3 | Mrs | SARITA RANI BANSAL | ABEPB7986R | 00094504 | Non-Executive - Non Independent Director | Not Applicable | 08-01-1948 | No | Active | Yes | 29-09-2022 | 31-01-2012 | 29-09-2022 | 1 | 0 | 0 | 0 | ||||||||
| 4 | Mr | RITESH VAID | ACLPV9058Q | 09433856 | Executive Director | Not Applicable | 15-11-1976 | No | Active | NA | 10-02-2022 | 1 | 0 | 0 | 0 | ||||||||||
I. Composition of Board of Directors | |||||||||||||||||||||||||
Disclosure of notes on composition of board of directors explanatory | |||||||||||||||||||||||||
Whether the listed entity has a Regular Chairperson | |||||||||||||||||||||||||
| Sr | Title (Mr / Ms) | Name of the Director | PAN | DIN | Category 1 of directors | Category 2 of directors | Category 3 of directors | Date of Birth | Whether the director is disqualified? | Start Date of disqualification | End Date of disqualification | Details of disqualification | Current status | Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] | Date of passing special resolution | Initial Date of appointment | Date of Re-appointment | Date of cessation | Tenure of director (in months) | No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) | No of Independent Directorship in listed entities including this listed entity (Refer Regulation 17A(1) of Listing Regulations | Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) | No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) | Notes for not providing PAN | Notes for not providing DIN |
| 5 | Mr | DILBAG SINGH SIDHU | AVWPS6622D | 05210193 | Non-Executive - Independent Director | Not Applicable | 15-04-1946 | No | Active | Yes | 30-09-2019 | 26-02-2012 | 30-09-2019 | 39 | 1 | 1 | 1 | 0 | |||||||
| 6 | Mr | VIGYAN PRAKASH ARORA | ABIPA6699J | 00806647 | Non-Executive - Independent Director | Not Applicable | 19-11-1969 | No | Active | NA | 01-04-2010 | 30-09-2019 | 39 | 1 | 1 | 4 | 2 | ||||||||
| 7 | Mr | AJAY ARORA | ADSPA8498H | 00314161 | Non-Executive - Independent Director | Not Applicable | 27-07-1960 | No | Active | NA | 27-05-2014 | 30-09-2019 | 39 | 2 | 2 | 3 | 1 | ||||||||
| 8 | Mr | INDER SAIN NEGI | AAGPN9708G | 08947230 | Non-Executive - Independent Director | Not Applicable | 25-11-1956 | No | Active | NA | 12-11-2020 | 26 | 1 | 1 | 0 | 0 | |||||||||
I. Composition of Board of Directors | |||||||||||||||||||||||||
Disclosure of notes on composition of board of directors explanatory | |||||||||||||||||||||||||
Whether the listed entity has a Regular Chairperson | |||||||||||||||||||||||||
| Sr | Title (Mr / Ms) | Name of the Director | PAN | DIN | Category 1 of directors | Category 2 of directors | Category 3 of directors | Date of Birth | Whether the director is disqualified? | Start Date of disqualification | End Date of disqualification | Details of disqualification | Current status | Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] | Date of passing special resolution | Initial Date of appointment | Date of Re-appointment | Date of cessation | Tenure of director (in months) | No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) | No of Independent Directorship in listed entities including this listed entity (Refer Regulation 17A(1) of Listing Regulations | Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) | No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) | Notes for not providing PAN | Notes for not providing DIN |
| 9 | Mr | JEEWAN LAL NEGI | AAIPN5783F | 09166359 | Non-Executive - Independent Director | Not Applicable | 04-03-1961 | No | Active | NA | 08-06-2021 | 19 | 1 | 1 | 0 | 0 | |||||||||
Audit Committee Details | |||||||
| Whether the Audit Committee has a Regular Chairperson | Yes | ||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
| 1 | 00806647 | VIGYAN PRAKASH ARORA | Non-Executive - Independent Director | Chairperson | 22-05-2015 | ||
| 2 | 00314161 | AJAY ARORA | Non-Executive - Independent Director | Member | 22-05-2015 | ||
| 3 | 05210193 | DILBAG SINGH SIDHU | Non-Executive - Independent Director | Member | 22-05-2015 | ||
Nomination and remuneration committee | |||||||
| Whether the Nomination and remuneration committee has a Regular Chairperson | Yes | ||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
| 1 | 05210193 | DILBAG SINGH SIDHU | Non-Executive - Independent Director | Chairperson | 27-05-2014 | ||
| 2 | 00806647 | VIGYAN PRAKASH ARORA | Non-Executive - Independent Director | Member | 27-05-2014 | ||
| 3 | 08947230 | INDER SAIN NEGI | Non-Executive - Independent Director | Member | 01-07-2021 | ||
Stakeholders Relationship Committee | |||||||
| Whether the Stakeholders Relationship Committee has a Regular Chairperson | Yes | ||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
| 1 | 00806647 | VIGYAN PRAKASH ARORA | Non-Executive - Independent Director | Chairperson | 25-10-2014 | ||
| 2 | 00077230 | RAJNEESH BANSAL | Executive Director | Member | 25-10-2014 | ||
| 3 | 00077499 | SAT PAUL BANSAL | Non-Executive - Non Independent Director | Member | 01-07-2021 | ||
Risk Management Committee | |||||||
| Whether the Risk Management Committee has a Regular Chairperson | |||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
Corporate Social Responsibility Committee | |||||||
| Whether the Corporate Social Responsibility Committee has a Regular Chairperson | Yes | ||||||
| Sr | DIN Number | Name of Committee members | Category 1 of directors | Category 2 of directors | Date of Appointment | Date of Cessation | Remarks |
| 1 | 00077499 | SAT PAUL BANSAL | Non-Executive - Non Independent Director | Chairperson | 01-07-2021 | ||
| 2 | 00077230 | RAJNEESH BANSAL | Executive Director | Member | 07-02-2014 | ||
| 3 | 00806647 | VIGYAN PRAKASH ARORA | Non-Executive - Independent Director | Member | 07-02-2014 | ||
Other Committee | ||||||
| Sr | DIN Number | Name of Committee members | Name of other committee | Category 1 of directors | Category 2 of directors | Remarks |
Annexure 1 | ||||||||
Annexure 1 | ||||||||
III. Meeting of Board of Directors | ||||||||
| Disclosure of notes on meeting of board of directors explanatory | ||||||||
| Sr | Date(s) of meeting (if any) in the previous quarter | Date(s) of meeting (if any) in the current quarter | Maximum gap between any two consecutive (in number of days) | Notes for not providing Date | Whether requirement of Quorum met (Yes/No) | Total Number of Directors as on date of the meeting | Number of Directors present* (All directors including Independent Director) | No. of Independent Directors attending the meeting* |
| 1 | 10-08-2022 | On 10-08-2022, as the start of the Board meeting there were total 10 directors on the board and during the meeting, Mr Dharam Pal Sharma resigned from his post. As such, due to validation error, the number of directors as on that date and number of directors attended the meeting, has been mentioned as 9 | Yes | 9 | 9 | 5 | ||
| 2 | 14-11-2022 | 95 | Yes | 9 | 9 | 5 | ||
Annexure 1 | ||||||||||
IV. Meeting of Committees | ||||||||||
| Disclosure of notes on meeting of committees explanatory | ||||||||||
| Sr | Name of Committee | Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) | Maximum gap between any two consecutive (in number of days) | Name of other committee | Reson for not providing date | Whether requirement of Quorum met (Yes/No) | Total Number of Directors in the Committee as on date of the meeting | Number of Directors Present (All Directors including Independent Director) | No. of Independent Directors attending the meeting* | No. of members attending the meeting (other than Board of Directors) |
| 1 | Audit Committee | 09-08-2022 | Yes | 3 | 3 | 3 | 0 | |||
| 2 | Audit Committee | 14-11-2022 | 96 | Yes | 3 | 3 | 3 | 0 | ||
| 3 | Nomination and remuneration committee | 28-07-2022 | Yes | 3 | 3 | 3 | 0 | |||
| 4 | Nomination and remuneration committee | 19-10-2022 | 82 | Yes | 3 | 3 | 3 | 0 | ||
| 5 | Stakeholders Relationship Committee | 27-07-2022 | Yes | 3 | 3 | 1 | 0 | |||
| 6 | Stakeholders Relationship Committee | 18-10-2022 | 82 | Yes | 3 | 3 | 1 | 0 | ||
Annexure 1 | ||||||||||
IV. Meeting of Committees | ||||||||||
| Sr | Name of Committee | Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) | Maximum gap between any two consecutive (in number of days) | Name of other committee | Reson for not providing date | Whether requirement of Quorum met (Yes/No) | Total Number of Directors in the Committee as on date of the meeting | Number of Directors Present (All Directors including Independent Director) | No. of Independent Directors attending the meeting* | No. of members attending the meeting (other than Board of Directors) |
| 7 | Corporate Social Responsibility Committee | 26-07-2022 | Yes | 3 | 3 | 1 | 0 | |||
| 8 | Corporate Social Responsibility Committee | 17-10-2022 | 82 | Yes | 3 | 3 | 1 | 0 | ||
Annexure 1 | |||
V. Related Party Transactions | |||
| Sr | Subject | Compliance status (Yes/No/NA) | If status is “No” details of non-compliance may be given here. |
| 1 | Whether prior approval of audit committee obtained | Yes | |
| 2 | Whether shareholder approval obtained for material RPT | NA | |
| 3 | Whether details of RPT entered into pursuant to omnibus approval have been reviewed by Audit Committee | Yes | |
| Disclosure of notes on related party transactions | Textual Information(1) | ||
Text Block | |
| Textual Information(1) | a. Payment of Remuneration to Mr. Rajneesh Bansal, Managing Director. b. Payment of Remuneration to Mr. Ritesh Vaid, Designated Whole Time Director. d. Payment of Remuneration to Mr. Hardam Singh, Company Secretary. e. Payment of Remuneration to Mr. Rajesh Garg, Chief Financial Officer. f. Payment of Rent to Mr. Rajneesh Bansal, Managing Director. g. Receipt of Rent from M/s Paul Merchants Finance Private Limited, Wholly owned subsidiary of the Company. h. Receipt of Rent from M/s PML Realtors Private Limited, Wholly owned subsidiary of Company. i. Receipt of Rent from M/s Paul E Commerce Private Limited, a company in which relatives of Director are Directors. j. Net Service Charges received from M/s Paul Merchants Finance Private Limited, Wholly Owned Subsidiary, for Domestic Money Transfer and Indo Nepal money transfer Services. k. Net Working Capital Limit advanced to M/s Paul Merchants Finance Private Limited, Wholly owned subsidiary of the Company and receipt of interest on the same. l. Commission paid to M/s Paul Merchants Finance Private Limited, Wholly owned subsidiary of the Company for offering travel products as a Distributor of the Company m. Commission paid to M/s Paul Merchants Finance Private Limited, Wholly owned subsidiary of the Company for referring customers relating to Forex n. Sale of forex to Bosna Digital Entertainment P Ltd, Bright Cove Goods, Divya Broadcasting Network P Ltd, Paul Merchants Finance Private Ltd. o. Sale of Travel Products to M/s Paul E -Commerce Pvt Ltd, Mrs. Nita Bansal, M/s Paul Merchants Finance Pvt Ltd., M/s Paul Fincare Pvt. Ltd., M/s Bosna Digital Entertainment P Ltd, M/s Divya Broadcasting Network P Ltd, M/s 9X Media Pvt. Ltd. and Bright Cove Goods, Speed Records Entertainment Pvt Ltd, Mr. Rajneesh Bansal, Mr. Surinder Bansal. |
Annexure 1 | ||
VI. Affirmations | ||
| Sr | Subject | Compliance status (Yes/No) |
| 1 | The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 | Yes |
| 2 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee | Yes |
| 3 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee | Yes |
| 4 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee | Yes |
| 5 | The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities) | NA |
| 6 | The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. | Yes |
| 7 | The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. | Yes |
| 8 | This report and/or the report submitted in the previous quarter has been placed before Board of Directors. | Yes |
Annexure 1 | ||
| Sr | Subject | Compliance status |
| 1 | Name of signatory | Hardam Singh |
| 2 | Designation | Company Secretary and Compliance Officer |
Text Block |
Signatory Details | |
| Name of signatory | Hardam Singh |
| Designation of person | Company Secretary and Compliance Officer |
| Place | Chandigarh |
| Date | 18-01-2023 |