Declaration of Dividend and Issuance of Special Incentive by Paul Merchants Finance Private Limited, wholly owned subsidiary of the Paul Merchants Limited.
PML · price
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Awaiting price reaction for this filing.
Paul Merchants Finance Private Limited (PMFPL), the wholly owned subsidiary, has declared an interim dividend of ₹3.52 per equity share (on face value of ₹10), amounting to roughly ₹15.01 crore, with a record date of September 1, 2025. The subsidiary's board has also proposed one-time special incentives totalling about ₹25.05 crore to promoter group members — ₹15 crore to Sat Paul Bansal (CMD of PMFPL), ₹5 crore each to Sarita Rani Bansal (WTD of PMFPL) and Rajneesh Bansal (MD of Paul Merchants Ltd), and ₹5 lakhs to Aastha Bansal. These payments are linked to the slump sale of PMFPL's gold loan business to L&T Finance Limited, which was completed on June 9, 2025, and are subject to shareholder approval of PMFPL. The filing is made under SEBI LODR Regulation 30 to keep the stock exchange informed.
Minor positive for shareholders from the subsidiary's dividend flow, but the larger story is that nearly ₹25 crore of slump sale proceeds are being routed as special incentives to promoter group members, pending PMFPL shareholder approval — which some investors may view as a significant promoter-related outflow from the subsidiary.