Power Finance Corporation Limited has informed the Exchange regarding Appointment of Mr Bhaskar Bhattacharya as Independent Director of the company w.e.f. May 13, 2025.
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Power Finance Corporation Limited has reappointed Mr. Bhaskar Bhattacharya as a Non-Official Independent Director on its Board, effective May 13, 2025. The appointment was made by the Ministry of Power, Government of India, for a period of one year or until further orders. Mr. Bhattacharya, aged 66, is a Commerce and Law graduate with a PG Diploma in Business Management and over 30 years of experience as an Advocate. He previously served as an Independent Director on PFC's Board for three years, including roles on the Audit Committee, Nomination and Remuneration Committee, and as Chairman of the Board Level Risk Management Committee. He is not debarred from holding a directorship by SEBI or any other authority.
This is a routine board-level reappointment by the government and is unlikely to have any material impact on the stock price or shareholder value. It ensures continuity on the board and key committees, with no change in management or control.