We are hereby submitting the resignation of Ms. Payal Agarwal with effect from the closing hours of 31st July, 2025
Awaiting price reaction for this filing.
Pasupati Fincap Ltd has accepted the resignations of four directors at a board meeting held on 31st July 2025. Mr. Anand Kumar Aggarwal (Non-Executive Independent Director) and Ms. Payal Agarwal (Non-Executive Independent Director) resigned due to personal reasons. Mr. Vidit Jain (Executive Director) and Mrs. Vrinda Jain (Non-Executive Non-Independent Director) resigned due to promoter reclassification following a Share Purchase Agreement dated 7th October 2024 and completion of an open offer (letter of offer dated 11th December 2024). The board has also reconstituted its Audit, Nomination & Remuneration, and Stakeholders' Relationship Committees. Anil Malik continues as Whole-Time Director.
This reflects completion of a full promoter changeover — the original promoter family has sold their stake and exited the board. Two independent directors have also left for personal reasons, leaving meaningful board turnover that shareholders should watch for new appointments and any changes in strategic direction under the incoming promoter group.