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