PNB Housing Finance Limited has informed the Exchange regarding Resignation of Mr. Anujai Saxena as Business Head (Affordable business) of the company w.e.f. May 19, 2025 on the close of Office hours and Ms. Valli Sekar, Chief Sales and Collections Officer (Affordable business), will also manage the product portfolio in addition to sales and collections responsibility, effective May 20, 2025.
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PNB Housing Finance has informed the exchange that Mr. Anujai Saxena, Business Head of the Affordable business vertical, has resigned effective close of office hours on May 19, 2025. Following this exit, Ms. Valli Sekar, who is the Chief Sales and Collections Officer for the Affordable business, will take on additional charge of the product portfolio from May 20, 2025, alongside her existing sales and collections duties. The announcement does not mention the reason for the resignation or any planned external replacement. No new appointment has been announced for the Business Head role.
Short-term, this is an internal management reshuffle within the Affordable Housing vertical with responsibilities being absorbed by an existing senior executive, so operational disruption is likely limited. Investors should watch for any further clarity on whether a permanent replacement will be hired or if this signals strategic shifts in the affordable housing segment.