Paragon Finance appointed Mrs. Raveena Agrawal as an Additional Director in the category of Non-Executive Independent Director with effect from August 31, 2026. The appointment was approved by the Board of Directors at its meeting held on the same date.

The board also approved the company’s audited standalone financial statements for FY26 and finalized other key governance changes, including the re-appointment of an executive director and noting the resignation of an independent director. 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.

Mrs. Raveena Agrawal (DIN: 09117345) 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. She is a Fellow Member of the Institute of Company Secretaries of India with more than 10 years of experience in compliance, governance, and finance.

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.

Paragon Finance has accepted the resignation of Mr. Anshul Goenka as an Independent Director on its Board, effective August 31, 2026.

The company disclosed the development in a filing with the Bombay Stock Exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Goenka tendered his resignation via a letter dated August 25, 2026, citing preoccupation with other personal and professional commitments.

Resignation Details

Mr. Goenka confirmed that there are no other material reasons for his resignation apart from those stated in his letter. The disclosure included Annexure-A, which outlines the regulatory requirements for such changes, and Annexure-B, containing the resignation letter itself.

Sanjay Kumar Gupta, Whole-Time Director and Company Secretary of Paragon Finance, signed the intimation letter addressed to the Department of Corporate Services at BSE Limited. The information was also made available on the company’s website.

Board Composition Impact

The departure of an independent director requires the company to ensure compliance with SEBI norms regarding board composition. Paragon Finance must appoint a replacement to maintain the required proportion of independent directors on its Board.