We are hereby submitting the change in the Board of Directors of the Company by way of resignation of directors with effect from the closing hours of Monday, 28th July, 2025.
Awaiting price reaction for this filing.
On 28 July 2025, three directors of Pasupati Fincap Ltd resigned from the Board with immediate effect. Mr. Anand Kumar Aggarwal stepped down as Non-Executive and Independent Director citing personal reasons and confirmed there are no material reasons behind his exit. Mr. Vidit Jain (Executive Director) and Ms. Vrinda Jain (Non-Executive, Non-Independent Director) both resigned because their entire promoter shareholding has been transferred to Mr. Dinesh Pareekh under a Share Purchase Agreement dated 7 October 2024, meaning they no longer have any association with the company. The resignations leave the company with Anil Malik as Whole Time Director among those named in this filing. The promoter reclassification with stock exchanges, SEBI and ROC is now pending.
This marks a near-complete change of control at the company, with new promoter Mr. Dinesh Pareekh taking over and the previous promoter-linked directors exiting. Shareholders should expect new board appointments and a possible shift in business strategy under the new promoter. Near-term governance continuity may be thin until fresh directors are inducted.