Outcome of Board Meeting held on April 01, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
PMC Fincorp's board meeting on April 1, 2026 approved the change in designation of Mr. Puneet Arora from Executive Director to Non-Executive Non-Independent Director, effective immediately. Arora expressed intention to step down from executive responsibilities while continuing to contribute at the board level with his experience spanning financial markets, audit, equity markets, and AIF structures. The board also appointed scrutinizer A. K. Choudhary & Associates and NSDL for conducting a Postal Ballot to seek shareholder approval for this change. The meeting lasted 40 minutes.
Arora stepping down from executive duties reduces his day-to-day involvement in company operations, though he remains on the board as a non-independent director until February 2031. This is a routine designation change requiring member approval via postal ballot.