Change in Senior Management Personnel ("SMP") of the Company
PML · price
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Awaiting price reaction for this filing.
Paul Merchants Ltd informed the BSE about a change in its Senior Management Personnel. Mr. Gaurav Joshi, Assistant Vice President – IT and Software Services, resigned for personal reasons (citing his father's health and his son's education needs); his resignation became effective on May 23, 2025 after serving his notice period. To fill the gap, Mr. Rohit Tripathi, the existing Vice President – IT, has been designated as a Senior Management Personnel of the company with effect from May 24, 2025. Mr. Tripathi brings over 22 years of experience across financial services, digital payments, project management, and technical implementation, with expertise in payment systems like UPI, IMPS, BBPS, and payment gateways. This is an internal reorganisation at the SMP level with no change to the board or top KMP positions.
This is a routine mid-level senior management change and is unlikely to materially affect shareholders or the stock price. The replacement appears to be a seamless internal transition as the new SMP was already serving as Vice President (IT) within the company.