Resignation of Mr. Kartik Sarkar from the Director of the Company.
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Pagaria Energy Limited held a board meeting on 15th July 2025 where multiple leadership changes were approved. Mr. Hanumanmal Bengani resigned as Managing Director citing health issues as a senior citizen, and Mr. Kartik Sarkar resigned as Director due to medical reasons. Mr. Arpan Singha Roy, previously an Executive Director, was elevated to Managing Director for a 5-year term. Mr. Bijay Bhagat was appointed as Additional Non-Executive Director. The Board also approved the appointment of a new Internal Auditor and Secretarial Auditor, and decided to enter the Real Estate sector by altering its main objects, subject to shareholder approval. The 34th AGM is scheduled for 8th August 2025.
Two senior leaders exited on health grounds but the company has promptly filled key positions, with continuity through the internal elevation of Mr. Singha Roy to MD. The proposed entry into Real Estate signals a strategic pivot away from core energy business, which could reshape the company's future revenue mix and may be watched closely by shareholders at the upcoming AGM.