Intimation regarding change in Board of Directors of the Company
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Power Finance Corporation Limited has announced the superannuation (retirement) of two Whole-time Directors from its Board. Shri Manoj Sharma, Director (Commercial), ceased to be a Director effective 01.04.2026 upon attaining the age of superannuation. Similarly, Shri Sandeep Kumar, Director (Finance), also ceased to be a Director effective 01.04.2026 upon attaining the age of superannuation. Both appointments were governed by Ministry of Power orders, and their tenures ended as per the standard superannuation policy. The company has informed the stock exchanges of these changes under SEBI LODR Regulations.
The departure of two Whole-time Directors, including the Finance Director, represents a significant change in the company's senior leadership. While these are routine retirements, the simultaneous exit of both directors may create a temporary leadership gap that needs to be filled, which could impact investor sentiment in the near term.