Management Change4 Jun 2026, 06:01 pm
Rajiv Malhotra Appointed MD&CEO (Addl. Charge) at PTC India Financial
AI Summary
PTC India Financial Services Ltd announced the appointment of Shri Rajiv Malhotra as MD&CEO (Additional Charge) effective July 1, 2026, until November 30, 2026. This appointment follows the resignation of the current MD&CEO, Shri R Balaji, and is subject to shareholder approval. Malhotra, currently a Nominee Director and Executive Director & Chief Risk Officer at PTC India Ltd, brings over 35 years of experience in the utility and energy sector. His appointment aims to ensure continuity in leadership during the transition period.
Key Highlights
- Rajiv Malhotra appointed MD&CEO (Addl. Charge) from July 1 to Nov 30, 2026.
- Appointment is a re-designation from Nominee Director of holding company PTC India Ltd.
- Shri R Balaji resigned as MD&CEO effective June 30, 2026.
- Shareholder approval required via Postal Ballot for Malhotra's appointment.
- Malhotra has over 35 years of experience in the energy sector.
Price Impact
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