Resignation of Mr. Hanumanmal Bengani from the post of MD of the Company.
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Pagaria Energy Limited (BSE: 531396) held its board meeting on 15th July 2025 where it accepted the resignations of Mr. Hanumanmal Bengani (Managing Director) and Mr. Kartik Sarkar (Director), both citing health reasons. To fill the leadership gap, Mr. Arpan Singha Roy — who was already serving as Executive Director since May 2025 — was promoted to Managing Director for a five-year term, subject to shareholder approval. The company also appointed Mr. Bijay Bhagat as Additional Non-Executive Director. The board approved the 34th AGM for 8th August 2025 (via video conferencing), along with new auditors: CA Archana Agarwal as Internal Auditor for FY26 and Mrs. Alpana Sethia as Secretarial Auditor for five years (2025-26 to 2029-30). Additionally, the company announced plans to enter the Real Estate sector by amending its main objects clause, pending shareholder approval.
Shareholders should note the smooth internal succession from Executive Director to MD, which should provide continuity, but the simultaneous exit of two board members — alongside a major strategic pivot into real estate from the current financial services business — introduces uncertainty about the company's future direction and warrants close monitoring.