We are hereby disclosing the details of re-constitution of various committees of the Company consequent to change in the composition of Board of Directors of the Company.
Awaiting price reaction for this filing.
Pasupati Fincap's board, at its meeting on 31 July 2025, took note of the resignations of four directors. Mr. Anand Kumar Aggarwal (Non-Executive & Independent Director) and Ms. Payal Agarwal (Non-Executive & Independent Director) resigned due to personal reasons, effective 28 July and 31 July 2025 respectively. Mr. Vidit Jain (Executive Director) and Ms. Vrinda Jain (Non-Executive & Non-Independent Director) resigned effective 28 July 2025 following a promoter reclassification triggered by a Share Purchase Agreement dated 7 October 2024 and the completion of the consequent open offer. The board subsequently reconstituted its Audit Committee, Nomination and Remuneration Committee, and renamed the Shareholders' Grievance Committee as the Stakeholders' Relationship Committee. The reconstituted committees now comprise Sandhya Kohli, Sanjeev Khanna, Anil Malik, and Rishabh Talwar.
This is a significant governance overhaul: two independent directors and a promoter-affiliated executive director have exited, reflecting a change in ownership due to a completed open offer. Shareholders should watch for new director appointments to restore board composition, as a thin board without timely replacements may affect compliance and decision-making.