The Board in its meeting today 1. Appointment Mr. Bijay Bhagat as Additional Non Executive Director. 2. Appointment of Mr. Arpan Singha Roy as an MD of the Company. 3. Resignation of ....
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Pagaria Energy Limited held a board meeting on 15th July 2025 that approved the draft Board's Report for FY ending 31st March 2025 and scheduled its 34th Annual General Meeting for 8th August 2025 at 1:00 PM via video conferencing. The Register of Members will be closed from 2nd to 8th August 2025, with the e-voting cut-off date set as 1st August 2025. The board appointed Mr. Bijay Bhagat as an Additional Non-Executive Director and elevated Mr. Arpan Singha Roy from Executive Director to Managing Director for a 5-year term, subject to shareholder approval. Both the outgoing MD Mr. Hanumanmal Bengani and Director Mr. Kartik Sarkar resigned citing health reasons. The board also appointed a new Internal Auditor and Secretarial Auditor, and decided to enter the Real Estate sector by altering the company's main objects, all subject to shareholder approval at the AGM.
Shareholders should watch the 8th August AGM, where they will vote on the new MD appointment, new auditor appointments, and the proposed diversification into real estate, which signals a strategic shift beyond the company's current business. The exit of the previous MD on health grounds and the move into a new sector may influence investor sentiment, though these changes still require shareholder approval.