Regularisation of Mr. Puneet Arora Non Executive Non Independent Director
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PMC Fincorp Ltd has announced the regularisation of Mr. Puneet Arora as a Non-Executive Non-Independent Director, approved by shareholders via Postal Ballot with results declared on May 8, 2026. Mr. Arora was originally appointed as an Additional Director on February 17, 2026, and subsequently as Executive Director for a 5-year term up to February 16, 2031. The Board has now changed his designation from Executive to Non-Executive Director effective April 1, 2026. He is a Chartered Accountant with over 16 years of experience in financial markets, audit, equity markets, and investment management. The company confirms he is not debarred from holding the office of Director by SEBI or any other authority.
This is a routine board governance update with no material impact on shareholders. The change in Mr. Arora's role from Executive to Non-Executive means he will no longer be involved in day-to-day operations, shifting his contribution to board-level strategy and oversight.