Management Change7 Aug 2026, 09:21 pm
PNB Gilts Chairman Bibhu Prasad Mahapatra Resigns
AI Summary
PNB Gilts Ltd announced the resignation of Mr. Bibhu Prasad Mahapatra from his positions as Non-Executive and Non-Independent Director and Chairman of the Company, effective August 7, 2026. The resignation is a consequence of Punjab National Bank receiving permission from the Government of India to nominate Sh. Amit Kumar Srivastava, Executive Director-PNB, as a Non-Executive Non-Independent Director on the Board of PNB Gilts Ltd. Mr. Mahapatra expressed his thanks to the directors and staff for their support during his tenure.
Key Highlights
- Chairman and Director resigns from PNB Gilts Ltd.
- Resignation is effective August 7, 2026.
- PNB to nominate a new Non-Executive Director.
- Change follows government approval for PNB nomination.
Price Impact
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