We are hereby intimating the change in directorate of the company consequent to resignation of Ms. Payal Agarwal from the post of Non executive and independent Director w.e.f., 31st July, 2025.
Awaiting price reaction for this filing.
Pasupati Fincap informed the stock exchange about four director resignations approved at a board meeting on 31 July 2025. Mr. Anand Kumar Aggarwal (Non-Executive Independent Director) and Ms. Payal Agarwal (Non-Executive Independent Director) resigned citing personal reasons, effective 28 July and 31 July 2025 respectively. Separately, Mr. Vidit Jain (Executive Director) and Ms. Vrinda Jain (Non-Executive Non-Independent Director) resigned effective 28 July 2025 following the completion of a promoter share transfer and open offer (Share Purchase Agreement dated 7 October 2024; open offer letter dated 11 December 2024), resulting in promoter reclassification. Board committees were also reconstituted, with new members Sandhya Kohli, Sanjeev Khanna, Anil Malik, and Rishabh Talwar taking charge of Audit, Nomination & Remuneration, and Stakeholders Relationship Committees.
Shareholders should note that two independent directors exited alongside the departure of two directors linked to the outgoing promoter group, reflecting a significant board reshuffle tied to a change in promoter shareholding. This is a governance transition event rather than a financial shock, but reduced independent oversight and ongoing promoter reclassification may affect investor confidence until new directors are appointed.