Submission of 39th Annual Report for the year 2024-25.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Paragon Finance Limited has submitted its 39th Annual Report for the financial year ended March 31, 2025 to BSE, in compliance with SEBI Listing Regulations. The 39th Annual General Meeting is scheduled for September 24, 2025, to be held via video conferencing. Key agenda items include adoption of audited financial statements, re-appointment of Mr. Sanjay Kumar Gupta (holding 44.29% stake) as Executive Director retiring by rotation, his re-appointment as Whole-Time Director for 5 years, and appointment of Mrs. Rupal Patel as Secretarial Auditor for 5 years. Notably, the company is proposing a reduction in Mr. Gupta's remuneration as Whole-Time Director from Rs. 6 Lakhs to Rs. 3 Lakhs per month effective October 1, 2025. Statutory Auditors M/s. Mandawewala & Co. have issued an unmodified (clean) audit report on the financial statements.
This is a routine annual report submission with no negative signals. The clean audit report and AGM proceedings are standard. The voluntary reduction in promoter remuneration could be viewed as a cost-optimization signal, though the reason for the cut is not explained. Shareholders should review the full annual report for detailed financials before the AGM on September 24, 2025.