Intimation under Regulation 30(12) of SEBI (LODR) Regulations, 2015 - Conversion of Promoter Group Entity Paul Excursions Private Limited into Limited Liability Partnership (LLP).
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Paul Merchants Ltd has informed the stock exchange that promoter group entity Paul Excursions Private Limited has been converted into a Limited Liability Partnership, now known as Paul Excursions LLP. The 3,07,065 equity shares held by the erstwhile private company, representing 9.96% of the company's total equity, have been transferred to the LLP's demat account as of 18 March 2026. This is a structural change in the legal form of an existing promoter entity and does not involve any change in ultimate beneficial ownership of the shares.
No material impact on shareholders or the stock price is expected, as this is only a change in the legal structure of an existing promoter group entity. The 9.96% promoter stake continues to be held within the promoter group.