Management Change4 Jun 2026, 06:11 pm
PTC India Financial Services Appoints Rajiv Malhotra as MD&CEO (Addl. Charge)
AI Summary
PTC India Financial Services Ltd announced that its Board of Directors has approved the appointment of Shri Rajiv Malhotra as Managing Director & CEO (Additional Charge). Malhotra, currently a Nominee Director of the holding company PTC India Limited, will assume this role from July 1, 2026, until November 30, 2026. This appointment follows the resignation of the current MD&CEO, Shri R Balaji, effective June 30, 2026. Malhotra, who holds significant experience in the utility and energy sector, will require shareholder approval via postal ballot. He is currently Executive Director & Group Chief Risk Officer at PTC India Ltd.
Key Highlights
- Rajiv Malhotra appointed MD&CEO (Addl. Charge) from July 1, 2026.
- Appointment is a re-designation from Nominee Director.
- Term is from July 1, 2026, to November 30, 2026.
- Shareholder approval via postal ballot is required.
- Follows resignation of current MD&CEO, R Balaji.
Price Impact
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