Paragon Finance regularizes Raveena Agrawal as independent director for five years
- Regularized Raveena Agrawal as Non-Executive Independent Director for a five-year term ending August 30, 2031
- Adopted audited standalone financial statements for FY26 during the 40th AGM
- Revised remuneration for Executive Directors Sanjay Kumar Gupta and Aloke Kumar Gupta effective May 1, 2026
- Approved re-appointment of Aloke Kumar Gupta as Executive Director via ordinary resolution
*this image is generated using AI for illustrative purposes only.
Paragon Finance Limited members approved the regularization of Raveena Agrawal as a Non-Executive Independent Director for a five-year term at the company's 40th Annual General Meeting (AGM).
The appointment, effective from August 31, 2026, to August 30, 2031, was passed via a special resolution. The meeting also adopted audited standalone financial statements for FY26 and approved reappointments of key executive directors.
Key Resolutions Passed
The members transacted both ordinary and special business items as outlined in the notice convening the meeting. The primary resolutions included the adoption of financial reports and governance updates regarding the board composition and compensation.
| Item | Particulars | Type of Resolution |
|---|---|---|
| 1 | Adoption of Audited Standalone Financial Statements for FY26 along with Directors' and Auditors' Reports | Ordinary |
| 2 | Re-appointment of Aloke Kumar Gupta as Executive Director | Ordinary |
| 3 | Appointment of Secretarial Auditor for a term of 5 consecutive years | Ordinary |
| 4 | Revision of Remuneration for Sanjay Kumar Gupta and Aloke Kumar Gupta w.e.f. May 1, 2026 | Ordinary |
| 5 | Regularisation of Appointment of Raveena Agrawal as Non-Executive Independent Director | Special |
Governance Updates and Director Profile
The board proposed the regularisation of Raveena Agrawal’s appointment, which was passed via a special resolution. Mrs. Agrawal was initially appointed by the Board as an Additional Director in the category of Non-Executive Independent Director with effect from August 31, 2026, based on the recommendation of the Nomination and Remuneration Committee.
Mrs. Agrawal holds a DIN of 09117345 and is a Fellow Member of the Institute of Company Secretaries of India. She brings over 10 years of experience in compliance, governance, and finance. Her tenure will not be liable to retire by rotation. As per disclosures, she holds no equity shares in the company and has no inter-se relationships with other directors or key managerial personnel.
Additionally, the remuneration for Executive Directors Sanjay Kumar Gupta and Aloke Kumar Gupta was revised with effect from May 1, 2026. The appointment of the secretarial auditor was extended for a term of five consecutive years.
Meeting Proceedings and Attendance
The AGM commenced at 12:15 pm and concluded at 12:30 pm. A total of 45 members were present for the meeting. The proceedings were conducted in compliance with the Companies Act, 2013, and applicable MCA and SEBI circulars regarding meetings through video conferencing or other audio-visual means.
Directors and Key Managerial Personnel in attendance:
- Sanjay Kumar Gupta: Chairperson, Whole Time Director, and Company Secretary
- Aloke Kumar Gupta: Executive Director and Chief Financial Officer
- Anny Jain: Independent Director
- Parul Rajgaria: Independent Director
- Raveena Agrawal: Additional Non-Executive Independent Director
The statutory auditor, Mandawewala & Co, Chartered Accountants, was invited to the meeting. Altab Uddin Kazi, Practicing Company Secretary, served as the scrutinizer for the remote e-voting process.
Voting results were to be announced within the prescribed time and displayed on the company website, NSDL, and stock exchanges.
Historical Stock Returns for Paragon Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.37% | +1.27% | -5.47% | -2.44% | -6.83% | +182.55% |
How will the revised remuneration for Sanjay and Aloke Kumar Gupta impact Paragon Finance's operating expenses in the upcoming fiscal years?
What specific strategic initiatives or governance reforms is Raveena Agrawal expected to champion during her five-year independent director tenure?
How does the reappointment of Aloke Kumar Gupta as Executive Director align with the company's long-term financial stability goals?
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