PNB GILTS LTD. has informed the Exchange regarding Notice of Postal Ballot
PNBGILTS · price
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PNB Gilts Limited, a subsidiary of Punjab National Bank, has issued a Postal Ballot Notice seeking shareholder approval for the appointment of two Non-Executive & Non-Independent Directors, both nominated by parent PNB. The first resolution is for the appointment of Sh. Bibhu Prasad Mahapatra (DIN: 08756848), who is Executive Director of PNB since October 2023 and also serves as Chairman of the Board, effective from January 29, 2026 with RBI approval. The second resolution is for the appointment of Smt. Anju Mittal (DIN: 11410994), General Manager - Compliance Division of PNB, effective from March 16, 2026. Both appointments are for a tenure of up to 5 years, liable to retire by rotation. Remote e-voting will be open from March 26, 2026 (9:00 AM IST) to April 24, 2026 (5:00 PM IST), with the cut-off date set as March 20, 2026. NSDL has been engaged as the e-voting service provider.
This is a routine corporate governance filing seeking shareholder approval for director appointments already cleared by the RBI. Both appointees are PNB nominees, reinforcing parent bank's control and oversight of the subsidiary. No material financial impact on shareholders; the appointments align with regulatory compliance requirements under SEBI and RBI norms.