AGM Details

The 40th Annual General Meeting of Paragon Finance Limited will be held on Saturday, September 26, 2026 at 12:15 P.M. (IST) through Video Conferencing/Other Audio Visual Means. The meeting will be conducted in compliance with MCA Circular No. 03/2025 dated September 22, 2025 and SEBI Circular No. SEBI/HO/CFD/CFDPoD-2/P/CIR/2024/133 dated October 3, 2024.

Record Date and Voting Details

The record date (cut-off date) for determining members entitled to vote is Saturday, September 19, 2026. The remote e-voting period begins on Wednesday, September 23, 2026 at 9:00 A.M. and ends on Friday, September 25, 2026 at 5:00 P.M. through NSDL's e-voting system.

Ordinary Business Items

1. Adoption of Financial Statements

To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the year ended on March 31, 2026, together with the Reports of the Directors and the Auditors Report thereon.

2. Reappointment of Executive Director

To appoint Mr. Aloke Kumar Gupta (DIN: 00825331) as Executive Director who retires by rotation at this meeting and being eligible, offers himself for re-appointment. Mr. Gupta is a Commerce graduate with over 40 years of experience in Finance, Risk Assessment and General Management. He has been a director since August 21, 1986 and currently holds no shares in the company. His attendance record: FY 2024-25 - 8 out of 11 meetings, FY 2025-26 - 6 out of 10 meetings.

Special Business Items

3. Appointment of Secretarial Auditor

To appoint Mr. Altab Uddin Kazi, Practising Company Secretaries (FCS No. 12581, C.P. No: 27662) as Secretarial Auditor of the Company for a term of 5 consecutive years starting from FY 2025-2026. The Board approved this appointment on August 31, 2026 based on Audit Committee recommendation. Mr. Kazi has over 9 years of experience in company secretarial support and holds a valid Peer Review Certificate from ICSI.

4. Revision of Executive Directors' Remuneration

To revise and reduce remuneration payable to Executive Directors with effect from May 1, 2026:

  • Mr. Sanjay Kumar Gupta (DIN: 00213467): Reduction from ₹3,00,000/- per month to ₹1,00,000/- per month plus National Pension Scheme as applicable
  • Mr. Aloke Kumar Gupta (DIN: 00825331): Reduction from ₹5,00,000/- per month to ₹50,000/- per month

The reduction is based on financial prudence and long-term interests of the Company, approved by Nomination and Remuneration Committee on June 11, 2026 and Board of Directors on June 11, 2026.

Company financial highlights for year ended March 31, 2026:

  • Gross Sales/Income: ₹128.74 lakhs
  • Less Depreciation: ₹22.86 lakhs
  • Profit/(Loss) before Tax: (₹115.68) lakhs
  • Taxes/Deferred Taxes: (₹4.48) lakhs
  • Profit/(Loss) After Taxes: (₹111.20) lakhs

The company cited anticipated growth targets not being achieved as reason for inadequate profits.

5. Regularization of Independent Director Appointment

To regularize the appointment of Mrs. Raveena Agrawal (DIN: 09117345) as a Non-Executive Independent Director of the Company. She was appointed as Additional Director on August 31, 2026 and seeks appointment for a term of five consecutive years from August 31, 2026 to August 30, 2031. She is a Fellow Member of Institute of Company Secretaries of India with over 10 years of experience in Compliance, Governance and Finance. She currently holds one directorship in another listed company and no shares in Paragon Finance Limited.

Voting Instructions

The company provides detailed voting instructions through NSDL e-Voting system for both remote e-voting and voting during the AGM. Members can join the VC/OAVM meeting 15 minutes before scheduled time, with facility available for 1000 members on first-come-first-served basis (excluding large shareholders, promoters, institutional investors, directors, KMP, committee chairpersons, and auditors).