Postal Ballot approves Rajiv Malhotra as MD&CEO (Additional Charge)
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On the reaction day the stock moved 0.4 pts more than Nifty Microcap 250 and 0.3 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shareholders of PTC India Financial Services approved the appointment of Shri Rajiv Malhotra as Managing Director and CEO on additional charge basis via postal ballot. Out of 45.05 crore valid votes, 45.04 crore (99.98%) voted in favour and only 1.10 lakh (0.02%) voted against. About 70.15% of total share capital participated in the e-voting.
Leadership appointment on additional charge confirmed with near-unanimous shareholder support, signalling smooth governance transition.