Outcome of the Board Meeting held on 15th July at 3.00 PM
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Pagaria Energy Limited's Board met on 15 July 2025 and approved the Board's Report for FY ended 31 March 2025. The 34th Annual General Meeting was fixed for Friday, 8 August 2025 at 1:00 PM via video conferencing, with the Register of Members closed from 2 August to 8 August 2025 and the e-voting cut-off set for 1 August 2025. The Board appointed Mr. Arpan Singha Roy as Managing Director for 5 years (he was earlier Executive Director) and Mr. Bijay Bhagat as Additional Non-Executive Director, both subject to shareholder approval. Resignations of Mr. Hanumanmal Bengani (Managing Director, citing health and senior citizen status) and Mr. Kartik Sarkar (Director, citing deteriorating health) were accepted with immediate effect. The Board also appointed CA Archana Agarwal as Internal Auditor for FY 2025-26 and Mrs. Alpana Sethia as Secretarial Auditor for 5 years, and decided to enter the Real Estate sector by altering the main objects of the Memorandum of Association.
Shareholders will vote on a significant leadership change and a strategic move into Real Estate at the AGM on 8 August 2025, which could reshape the company's business direction but also carries execution risk given the small-cap profile.