Power Finance Corporation Limited has informed the Exchange regarding Appointment of Mrs Usha Sajeev Nair as Independent Director of the company w.e.f. April 17, 2025.
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Power Finance Corporation (PFC), a government-owned non-banking financial company in the power sector, has appointed Mrs. Usha Sajeev Nair as an Independent Director on its board. The appointment is effective from April 17, 2025. No further details about her background or the term length were provided in this filing. This is a routine board-level appointment disclosure required under SEBI listing norms for listed companies.
This is a standard governance update with no direct impact on stock price or operations. Adding an Independent Director strengthens board oversight, which is a mild positive signal for corporate governance practices.