PNB GILTS LTD. has informed the Exchange regarding Appointment of Mr Bibhu Prasad Mahapatra as an Additional Director (Non-Executive & Non-Independent) of the company w.e.f. January 29, 2026.
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PNB Gilts has appointed Mr Bibhu Prasad Mahapatra as an Additional Director on its board with effect from January 29, 2026. He joins as a Non-Executive and Non-Independent Director, which typically indicates a nominee representative rather than an independent board member. PNB Gilts is a subsidiary of Punjab National Bank, and such appointments commonly reflect board representation by the parent entity.
This is a routine board-level appointment and is not expected to materially affect operations or share price. Shareholders may note that the new director is non-independent, meaning he is likely representing the parent company's interests.