We are hereby submitting the outcome of Board meeting dated 31st July, 2025.
Awaiting price reaction for this filing.
Pasupati Fincap Ltd informed the stock exchange about resignations of four directors, effective July 28 and July 31, 2025. Two Independent Directors — Mr. Anand Kumar Aggarwal and Ms. Payal Agarwal — resigned citing personal reasons. Two others — Executive Director Mr. Vidit Jain and Non-Executive Non-Independent Director Mrs. Vrinda Jain — resigned as a result of the promoter reclassification process, which was triggered by a Share Purchase Agreement dated October 7, 2024, and the subsequent open offer completed in December 2024. The board has also reconstituted its Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee, and renamed the Shareholders' Grievance Committee to align with current regulations.
This is a significant board-level shake-up tied to a change in promoter ownership that has now formally completed. Shareholders should expect a new management and promoter group to take charge, with new director appointments likely to follow. The loss of two independent directors and an executive director in quick succession may create short-term governance uncertainty until replacements are named.