Paul Merchants Limited at its board meeting held on August 18, 2020 approved the resignation of Sh. Sat paul Bansal from the position of Chairman cum Managing Director of the Company with effect from August 31, 2020. He shall also cease to be Director of the Company effective August 31, 2020. The company approved the appointment of Sh. Rajneesh Bansal, currently Executive Director of the Company, as Managing Director of the Company effective September 1, 2020.