PTC India Financial Services Limited has informed the Exchange regarding Notice of Postal Ballot
PFS · price
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PTC India Financial Services (PFS), a subsidiary of PTC India Limited, has sent a Postal Ballot notice to shareholders seeking approval for two director appointments via remote e-voting between May 7 and June 5, 2025. The first resolution seeks approval for Dr. Manoj Kumar Jhawar (age 57, currently CMD-additional charge at holding company PTC India) as Non-Executive Nominee Director; he was already appointed on the board from March 11, 2025 and this is shareholder ratification as required by SEBI rules. The second resolution seeks approval for Shri Dilip Srivastava (age 50) as Whole-time Director (Finance) and CFO for a 5-year term starting March 28, 2025, with fixed pay of Rs 72.43 lakh per annum plus performance-related pay of up to 40% of fixed pay, plus standard perks and a one-year probation period. Both appointments have prior RBI approval (dated February 17, 2025) and are being put to shareholders because SEBI's Regulation 17(1C) requires shareholder approval within 3 months of a director's appointment. The result will be announced by June 8, 2025.
These are routine shareholder ratification votes for directors already in office, so impact on share price is likely limited. The new WTD (Finance) adds a senior finance professional to the leadership team, which could be modestly positive for governance and execution; no change in business direction is signalled.