PNB Housing Finance Limited has informed the Exchange regarding Cessation of Mr R Chandrasekaran as Non- Executive Independent Director of the company w.e.f. October 06, 2025.
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PNB Housing Finance has informed the stock exchange that Mr R Chandrasekaran will cease to be a Non-Executive Independent Director of the company with effect from October 6, 2025. No reasons for the cessation have been disclosed in this filing. The announcement is part of the company's regular board composition updates filed with the exchanges. Shareholders may need to wait for further details on whether a replacement will be appointed to fill the vacant independent director position.
This is a routine board change with limited direct impact on shareholders, though it may affect board composition and committee structures. Investors should watch for any follow-up announcement regarding a replacement independent director.