Intimation under Reg. 30 of SEBI (LODR) Regulations, 2015- Launch of New Product " Paul Merchants Global Currency Card".
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Paul Merchants Ltd has launched a new Prepaid Multi Currency Forex Card called 'Paul Merchants Global Currency Card' on October 7, 2025. The card is aimed at the international market and can be used in all countries except Nepal, Bhutan, and CIS countries. This product is an addition to the company's existing forex business, where it operates as an Authorized Dealer Category II (AD-II). The company is required to disclose this under SEBI LODR regulations as part of material event reporting. No revenue impact or order size details have been provided.
This expands the company's forex product portfolio and could attract more customers in the international travel and remittance space. However, no financial estimates or revenue contribution figures have been shared, so near-term impact on stock price is likely limited.