Power Finance Corporation Limited has informed the Exchange regarding 'Intimation pursuant to Appointment of Head of Internal Audit (HIA).'.

Management Changes View source PDF Explain this filing

PFC · price

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Price reactionminutes from the announcement price · days from the prior close

+7.1%Reaction day

₹387.10

prior close

₹401.00

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)+3.9%+3.3% vs market

Financial Institution peers, median of 8sector+7.3%-0.2% vs sector

On the reaction day the stock moved 3.3 pts more than Nifty 100 and 0.2 pts less than its Financial Institution peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.5

10m

+0.9

15m

+1.2

30m

+1.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+7.1+3.9+3.3+7.3-0.2

Next day

+6.5+2.7+3.9+6.1+0.5

+5.0+3.1+1.9+8.7-3.7

+5.2+4.6+0.6+6.3-1.1

+7.8+4.7+3.1+12.1-4.3

+8.1+4.6+3.5+13.7-5.6

+6.3+4.0+2.3+11.1-4.8

15d

+5.7+3.7+2.0+15.4-9.7

+7.2+4.4+2.8+12.6-5.4

+10.2+5.3+5.0+10.7-0.4

+7.3+2.7+4.6+4.0+3.3

UpDownMarket · Nifty 100Sector · Financial Institution peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Power Finance Corporation has appointed Sh. D. V. Subba Rao, Executive Director, as the new Head of Internal Audit with effect from 09.05.2025. He replaces Sh. Milind Madhusudan Dafade, Chief General Manager (PFC), in this role. The appointment is for a period of 3 years or until his superannuation, whichever is earlier. This is a routine internal administrative change communicated to the exchanges for record purposes.

Likely market impact

This is a routine internal management reshuffle with no material impact on shareholders or the stock. No governance concerns are flagged, and it does not involve any top-level KMP or board changes.