PNB Housing Finance Limited has informed the Exchange regarding a press release dated August 01, 2025, titled "Press Release - `PNB Housing Finance Reaffirms Commitment to Growth and Stability Amid Changes in Leadership Team ".
PNBHOUSING · price
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PNB Housing Finance has announced that its MD & CEO, Mr. Girish Kousgi, has resigned and will step down on 28th October 2025 to pursue career opportunities outside the company. He will work closely with the Board and senior management to ensure a smooth transition. The Board, through the Nomination and Remuneration Committee chaired by Mr. R. Chandrasekaran, will immediately begin a rigorous search for a new leader with proven sector expertise. The company has reassured that its strategic priorities, business focus, growth trajectory, asset quality and margins remain firmly on track. PNB Housing Finance, promoted by Punjab National Bank, is India's third-largest housing finance company.
Leadership change at India's 3rd largest housing finance company may cause short-term uncertainty, but the company is actively managing the transition and emphasising business continuity. Investors should watch for updates on the new CEO appointment, as leadership quality will be key to sustaining growth and asset quality.