The Board at its meeting held today transacted the following business: 1. Appointment of Mr Bijay Bhagat as an Additional Non-Executive Director subject to the approval of the shareholders ....
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Pagaria Energy's Board met on 15th July 2025 and approved several key decisions. Mr. Hanumanmal Bengani resigned as Managing Director citing health issues and senior citizen status, and Mr. Kartik Sarkar resigned as Director due to medical reasons. Mr. Arpan Singha Roy, who was recently appointed as Executive Director in May 2025, has been elevated to Managing Director for a 5-year term. Mr. Bijay Bhagat has been appointed as Additional Non-Executive Director. The Board also approved new auditor appointments (Secretarial Auditor Mrs. Alpana Sethia for 5 years and Internal Auditor CA Archana Agarwal for FY2025-26). Additionally, the company plans to diversify into the Real Estate sector, which requires altering its main objects clause. The 34th AGM is scheduled for 8th August 2025 via video conferencing.
The MD exit and simultaneous internal promotion suggests a planned leadership transition rather than instability, though shareholders should watch the proposed move into Real Estate—a significant pivot from the current energy business. The new business segment and MOA alteration will require shareholder approval at the upcoming AGM on 8th August 2025.