PNB Housing Finance Limited has informed the Exchange about Mr. Girish Kousgi, Managing Director and CEO of the Company has vacated his office on the close of business hours today i.e., October 28, 2025.Regulatory approvals are currently under process for appointment of new Managing Director & CEO of the Company and disclosures will be made at the appropriate time. In the meantime, Mr. Jatul Anand, Executive Director, will lead the team.
PNBHOUSING · price
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Mr. Girish Kousgi has stepped down as Managing Director and CEO of PNB Housing Finance Limited, with effect from the close of business on October 28, 2025. The company has stated that regulatory approvals for the appointment of a new MD & CEO are currently in process. Until a successor is formally appointed, Executive Director Mr. Jatul Anand will lead the day-to-day operations. No reason or details on the leadership transition timeline have been provided in the disclosure.
Leadership transitions at the top of a housing finance company can create short-term uncertainty for investors, particularly given the regulatory approval process underway. An interim arrangement led by the Executive Director provides continuity but the market may watch closely for the next appointment announcement.