Paragon Finance approves FY26 audited results, appoints new director
- Paragon Finance approved audited standalone financials for FY26
- Aloke Kumar Gupta recommended for re-appointment as Executive Director
- Raveena Agrawal appointed as Non-Executive Independent Director
- Anshul Goenka resigned as Independent Director effective August 31, 2026
- AGM scheduled for September 26, 2026, via video conference
*this image is generated using AI for illustrative purposes only.
Paragon Finance approved its audited standalone financial statements for FY26 on August 31, 2026. The board also finalized key governance changes, including a new independent director appointment.
The company’s Board of Directors met to adopt the annual report, corporate governance report, and management discussion and analysis for the fiscal year ended March 31, 2026. These documents are recommended for adoption at the ensuing Annual General Meeting (AGM).
Governance Changes
The board recommended the re-appointment of Mr. Aloke Kumar Gupta as Executive Director. He retires by rotation at the AGM but is eligible for re-appointment. Mr. Gupta has over 40 years of experience in finance and risk assessment.
| Director | Role | Status |
|---|---|---|
| Aloke Kumar Gupta | Executive Director | Recommended for re-appointment |
| Raveena Agrawal | Non-Executive Independent Director | Appointed as Additional Director |
| Anshul Goenka | Independent Director | Resigned effective August 31, 2026 |
Mrs. Raveena Agrawal was appointed as an Additional Director in the category of Non-Executive Independent Director with effect from August 31, 2026. The board further recommended her appointment for a first term of five consecutive years, ending August 30, 2031.
The board noted the resignation of Mr. Anshul Goenka, citing preoccupation with other personal and professional commitments. It also noted that the tenure of Ms. Anny Jain will expire on November 13, 2026.
AGM Details
The 40th Annual General Meeting will be held on September 26, 2026, at 12:15 pm via video conferencing. The cut-off date for voting eligibility is September 19, 2026. Remote e-voting will run from September 23 to September 25, 2026.
Mr. Altab Uddin Kazi was appointed as Secretarial Auditor for five financial years, from FY25-26 to FY29-30, subject to member approval.
Historical Stock Returns for Paragon Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.90% | -1.32% | 0.0% | +7.90% | +1.93% | 0.0% |
How might the appointment of Raveena Agrawal as an independent director influence Paragon Finance's strategic direction in risk management and corporate governance?
What impact could the resignation of Anshul Goenka and the upcoming expiration of Anny Jain's tenure have on board continuity and decision-making stability?
Will the re-appointment of Executive Director Aloke Kumar Gupta signal a continuation of current operational strategies or a shift in leadership approach for FY27?
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