Pasupati Fincap Limited has accepted the resignation of Ms. Deepali Sehrawat, who served as its Company Secretary and Compliance Officer. The change in Key Managerial Personnel (KMP) takes effect from the close of business hours on September 10, 2026. The company disclosed that Ms. Sehrawat tendered her resignation due to personal and unavoidable reasons, confirming there are no material issues associated with her departure.

The disclosure was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted to the Bombay Stock Exchange (BSE) on August 11, 2026, by Anil Malik, the Whole Time Director of Pasupati Fincap Limited. The company also referenced SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026, in its compliance submission.

Ms. Sehrawat’s resignation letter, addressed to the Board of Directors, reiterated that her decision was driven by personal circumstances. She confirmed that there were no material reasons for her resignation other than those stated. In her letter, she thanked the Board of Directors and senior management for their support during her tenure.

Key Details of Resignation

The company has requested the stock exchanges to record this information. Pasupati Fincap Limited is also required to file the requisite forms with the Registrar of Companies to formalize the change in its Key Managerial Personnel register. The scrip code for Pasupati Fincap Limited on the BSE is 511734.

Uday Narang has acquired control of Pasupati Fincap Limited by purchasing an 11.55% stake from promoter Dinesh Pareekh through a Share Purchase Agreement (SPA) executed on August 05, 2026. The transaction involves the acquisition of 5,42,925 equity shares, triggering a mandatory open offer to public shareholders under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This move marks a significant shift in the company’s ownership structure, with Narang set to become the new promoter while the existing promoter group is reclassified as public.

The deal was disclosed under Regulation 30 and Regulation 30A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. According to the filing, the consummation of the SPA results in Narang acquiring and exercising control over the target company. Consequently, the existing promoters and promoter group will be reclassified as public in accordance with Regulation 31A of the SEBI LODR Regulations. This regulatory shift underscores the complete exit of the current promoter management from the company’s control framework.

Transaction Structure

Prior to this agreement, Uday Narang held no shares in Pasupati Fincap Limited, while Dinesh Pareekh held the entire 5,42,925 shares constituting the 11.55% stake. The transaction is not classified as a related party transaction, ensuring it was conducted at arm’s length. No restrictions or liabilities have been imposed on the listed entity as part of this agreement.

Governance Changes

A critical component of this acquisition is the impending change in the company’s board composition. Upon completion of the proposed transaction, existing promoter directors are required to tender their resignation from the Board of Directors. This ensures a clean transition of governance authority to the new promoter, Uday Narang. The company has confirmed that except for the promoter seller, none of the parties to the SPA are related to the promoter group or group companies in any other manner.

What the Numbers Show

The acquisition of just 11.55% stake resulting in control transfer suggests that the remaining shares are likely dispersed among a large number of small shareholders or that the previous promoter group’s influence was consolidated primarily through Pareekh’s holding. The mandatory open offer obligation arises because the acquisition crosses the threshold for substantial acquisition under SAST regulations, protecting minority shareholders by offering them an exit route at a fair price. The reclassification of the old promoter group as public indicates a total divestment of controlling interest, which may impact future related-party transaction disclosures and corporate governance dynamics within Pasupati Fincap Limited.