Paul Merchants clarifies price movement, cites regulatory compliance
Paul Merchants Ltd responded to a BSE query regarding unusual price movement, asserting full compliance with Regulation 30 of SEBI (LODR) Regulations, 2015. The company highlighted nine recent disclosures made between January and March 2026, including the rejection of an RBI license application, conversion of a promoter group entity, submission of unaudited financial results for the quarter and nine months ended December 31, 2025, a term loan to a wholly-owned subsidiary, and the withdrawal and downgrading of credit ratings. Paul Merchants stated that the movement in its share price is beyond the company's control and is determined by market forces. They reiterated their commitment to keeping the exchange updated on all important and price-sensitive events, including the upcoming audited financial results for the year ended March 31, 2026.
Key Highlights
- Paul Merchants responded to BSE's query on unusual share price movement.
- Company affirms full compliance with SEBI (LODR) Regulation 30.
- Recent disclosures include Q3/9M FY26 results and credit rating changes.
- Company states share price is driven by market forces, not internal factors.
- Upcoming disclosures include FY26 audited financial results.
Price Impact
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