Pursuant to Regulation 30 of the Listing Regulations, the members of the Pagaria Energy Limited at the 34th Annual General Meeting held on 08 August, 2025 has approved the appointment of ....
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Pagaria Energy Limited held its 34th AGM on 8th August 2025 via video conferencing, where 8 resolutions were passed. Shareholders approved the audited financial statements for FY ended 31 March 2025 and re-appointed Mr. Bijay Bhagat as a director (retiring by rotation). Three new directors were regularized: Mr. Arpan Singha Roy as Managing Director, Mr. Sukumar Sardar as Non-Executive Independent Director, and Mr. Bijay Bhagat as Non-Executive Non-Independent Director. Mrs. Alpana Sethia was appointed as Secretarial Auditor for a 5-year term (FY 2025-26 to 2029-30). Members also approved changes to the company's main objects in its Memorandum of Association and adoption of a new set of Articles of Association. The meeting was brief, lasting only 15 minutes, with voting conducted electronically via CDSL.
For shareholders, the change in main objects and new Articles of Association suggest a possible shift in the company's business focus or structure, which is worth watching closely. The appointment of a completely new management team — all young commerce graduates with limited disclosed experience — at a small-cap, lightly-traded stock (scrip code 531396) may raise governance questions for investors.