StockWatch
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Non Banking Financial Company (NBFC)
Management Change12 Oct 2026, 07:30 pm

PTC India Financial Services Extends MD&CEO and CS Tenures

AI Summary

PTC India Financial Services Limited's Board of Directors has approved the extension of Shri Rajiv Malhotra's tenure as MD&CEO (Addl. Charge) for one year, from December 1, 2026, to November 30, 2027. The board also extended the tenure of Shri Manohar Balwani as Company Secretary & Compliance Officer for one year, from November 6, 2026, to November 5, 2027. These extensions are subject to shareholder approval. Additionally, the company appointed a Nodal Officer to coordinate with its holding company, PTC India Limited, regarding the potential monetization of its investment in PTC India Financial Services.

Key Highlights

  • MD&CEO (Addl. Charge) tenure extended by one year.
  • Company Secretary & Compliance Officer tenure extended by one year.
  • Both extensions are subject to shareholder approval.
  • Nodal Officer appointed for coordination on potential divestment.