PNC Infratech Limited has informed the Exchange regarding Appointment of Mr Chakresh Kumar Jain as Chief Financial Officer of the company w.e.f. May 19, 2026.
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PNC Infratech's Board meeting on May 19, 2026 approved several items including Q4 and full-year FY2026 audited financial results with an unmodified audit opinion. The board recommended a 30% final dividend (Rs. 0.60 per share) subject to shareholder approval at the AGM. The key appointment is Mr. Chakresh Kumar Jain, who is the Managing Director, being additionally designated as Chief Financial Officer of the company with effect from May 19, 2026. Internal auditor (IWS Sudhir Kumar Jain & Associates) and Cost auditor (Gaurav Jain & Associates) were also appointed for FY2026-27.
The dual appointment of the Managing Director as CFO consolidates top leadership roles and may raise governance concerns for investors, as it reduces the independence of financial oversight at the senior executive level.