Pagaria Energy Limited approved its draft Board’s Report for the financial year ended March 31, 2026, and scheduled its 35th Annual General Meeting for September 30, 2026. The board also appointed Radha Kumari as an additional non-executive independent director.

The company announced that Mamta Bhansali has resigned from her post as a non-executive independent director with immediate effect. Her departure follows "unavoidable circumstances," according to the filing.

Key Board Resolutions

The board meeting held on September 3, 2026, transacted several key businesses:

• Approved the draft Board’s Report and annexures for FY26.
• Scheduled the 35th AGM for September 30, 2026, at 12:15 pm via video conferencing.
• Set the register closure period from September 24 to September 30, 2026.
• Appointed Agarwal Anupriya & Associates as the scrutinizer for the AGM voting process.

Director Changes

Radha Kumari was appointed as an additional non-executive independent director effective September 3, 2026. Her appointment is subject to shareholder approval at the upcoming AGM. She holds a bachelor’s degree in Commerce and has experience in management and administration.

Mrs. Mamta Bhansali tendered her resignation as a non-executive independent director with immediate effect.

Borrowing and Investment Limits

The board sought shareholder approval for:

• Borrowing limits under Section 180(1)(c) of the Companies Act, 2013.
• Overall limits for loans, guarantees, securities, and investments under Section 186 of the Act.

Pagaria Energy Limited reported a net loss of ₹43.52 lakh for the financial year ended March 31, 2026, compared to a net profit of ₹6.15 lakh in the previous year. The board approved the audited financial results for the quarter and year ended March 31, 2026, during a meeting held on May 27, 2026. The company's revenue from operations for the year stood at ₹22.50 lakh, while total expenses increased significantly to ₹68.02 lakh from ₹10.97 lakh in the prior year, primarily driven by finance costs and other expenses.

Financial Performance

The company recorded a total income of ₹24.50 lakh for FY26, a marginal increase from ₹18.38 lakh in FY25. However, the bottom line was impacted by a sharp rise in finance costs, which amounted to ₹24.06 lakh for the year, and other expenses totaling ₹18.01 lakh. For the quarter ended March 31, 2026, the company reported a net loss of ₹37.19 lakh on a total income of nil, with expenses reaching ₹37.19 lakh during the period.

Board Decisions

Alongside the financial results, the board appointed M/s A.C Bhowmick & Co, Chartered Accountants, as the internal auditors of the company for the financial year 2026-27. The directors also approved related party transactions for the half year ended March 31, 2026. The statutory auditors, M/s Manish Mahavir & Co, issued an audit report with an unmodified opinion on the financial results.

Compliance and Disclosures

The meeting commenced at 2:30 p.m. and concluded at 6:30 p.m. The trading window for dealing in the company's securities remains closed for directors, promoters, designated persons, and senior management personnel until 48 hours after the declaration of the audited financial results, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The disclosures were submitted to BSE Limited by Rekha Jain, Company Secretary & Compliance Officer.