PNB Housing Finance Limited has informed the Exchange regarding Resignation of Mr Girish Kousgi as Managing Director & CEO of the company by October 28, 2025 (after close of business hours).
PNBHOUSING · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 16.0 pts less than Nifty Smallcap 250 and 16.6 pts less than its Housing Finance Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Mr. Girish Kousgi, Managing Director & CEO of PNB Housing Finance Limited, has tendered his resignation citing his desire to pursue opportunities outside the company. He had been with the company for close to 3 years. The Board accepted the resignation on July 31, 2025, with the effective date set as October 28, 2025 (close of business hours). He will also cease to be a director on the boards of the company's subsidiaries — PHFL Home Loans & Services Limited and PEHEL Foundation. The Board recorded appreciation for his leadership and noted that the management team is capable of carrying forward operations. Mr. Kousgi has requested to be relieved within 90 days and committed to supporting a smooth transition.
This is a senior leadership exit at a major housing finance company, which may create short-term uncertainty for investors until a successor is announced. Watch for further updates on interim arrangements and a permanent CEO appointment before the October 28 effective date.