Intimation under regulation 30 of SEBI (LODR) Regulations, 2015 -Launch of New Financial Products by Material Subsidiary Paul Merchants Finance Private Limited
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Paul Merchants Ltd's material wholly-owned subsidiary, Paul Merchants Finance Private Limited (PMFPL), has received board approval to launch six new financial products. These include Loan Against Property (LAP), Large Corporate Lending, Vehicle Loans, Direct Assignment of Loans, Co-lending Partnerships, and other RBI-permitted products. The products will be rolled out in a phased manner in the domestic market. PMFPL is an RBI-registered NBFC (Middle Layer) that recently sold its gold loan portfolio on June 9, 2025, and is now expanding into secured and wholesale lending along with co-lending/assignment models.
This signals a strategic pivot for the subsidiary into diversified, secured lending, which could boost interest and fee income over time. Shareholders should view this as a positive business expansion move, though execution and ramp-up risks remain given the recent exit from gold loans.