Pagaria Energy Limited held its 35th Annual General Meeting (AGM) on Wednesday, September 30, 2026, at 12:15 pm IST. The meeting was conducted through Video Conferencing and Other Audio Visual Means (VC/OAVM) in compliance with regulatory guidelines issued by the Ministry of Corporate Affairs and SEBI.

The meeting concluded at 12:23 pm IST. Arpan Singha Roy, Managing Director, chaired the session after being requested by Company Secretary Rekha Patni, who confirmed the requisite quorum. The Chairman briefed members on the company's performance during the last fiscal year and outlined future plans.

Resolutions passed

All six items listed in the AGM notice dated September 3, 2026, were transacted. Voting was conducted through remote e-voting services provided by MUFG Intime India Private Limited. The remote e-voting period ran from September 27 to September 29, 2026. Members also had the option to vote electronically during the meeting itself.

The ordinary business items included the adoption of audited financial statements for FY26 and the re-appointment of Arpan Singha Roy as Director. Special business items covered the appointment of a new independent director, establishment of a corporate office, authorization for investments under Section 186 of the Companies Act, 2013, and setting borrowing limits.

Director appointments

Two key director-related resolutions were addressed during the AGM. Arpan Singha Roy retired by rotation and offered himself for re-appointment. Additionally, Radha Kumari was appointed as a Non-Executive Independent Director.

Radha Kumari holds a bachelor’s degree in Commerce with experience in management and administration. Arpan Singha Roy has a background in Commerce and Finance from Calcutta University, with prior experience overseeing finance and management activities in other companies.

Next steps

The detailed voting results and the consolidated Scrutinizer’s Report will be placed on the company website and communicated to stock exchanges once received from the appointed Scrutinizer. No queries were raised by members during the open forum portion of the meeting.

Pagaria Energy Limited accepted the resignation of Mrs. Mamta Bhansali as Non-Executive Independent Director with immediate effect on September 3, 2026. The departure follows the completion of her second consecutive five-year tenure.

The company filed an additional disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to address discrepancies flagged by stock exchanges. The initial filing missed attaching the resignation letter and specific details regarding the reason for exit.

Resignation Details

Mrs. Bhansali tendered her resignation citing unavoidable circumstances linked to the expiry of her second term. The company confirmed there are no other material reasons for her departure. She does not hold directorships in any other listed entities.

Compliance Clarification

Pagaria Energy stated that the omission of documents in the initial filing was inadvertent. Rekha Patni, Company Secretary and Compliance Officer, affirmed that there was no malafide intention and that the company adheres to corporate governance policies. The firm committed to greater caution in future exchange filings.

What the Numbers Show

The resignation is strictly procedural, driven by regulatory tenure limits rather than operational performance or governance disputes. The absence of any cited "material reasons" beyond tenure completion suggests a routine board rotation rather than a strategic shift or conflict.