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Paragon Finance's board approved the appointment of CS Rupal Patel as Secretarial Auditor for five years starting FY 2025-26, to comply with Section 204 of the Companies Act, 2013. The board adopted the Director's Report and Secretarial Audit Report for FY ending March 31, 2025, and scheduled the 39th AGM for September 24, 2025, via video conferencing, with the register of members closed from September 18 to September 24. CS Rupal Patel was also appointed as scrutinizer for the e-voting process. Promoter and Whole-Time Director Mr. Sanjay Kumar Gupta (holding 44.29% stake, on board since 1991) was re-appointed with a revision in remuneration from Rs. 6 lakhs per annum to Rs. 3 lakhs per month, subject to shareholder approval.
This is routine corporate housekeeping ahead of the AGM. The key shareholder-relevant item is the six-fold increase in remuneration for the promoter Whole-Time Director, which requires shareholder approval at the upcoming AGM and could draw scrutiny from minority shareholders.