PTC India Financial Services Limited has informed the Exchange regarding 'Approval of the Board for conduct of Postal Ballot seeking approval of shareholders'.
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The Board of PTC India Financial Services Limited has approved seeking shareholder approval via Postal Ballot for the appointment of Shri Rajiv Malhotra (DIN: 02383396) as a Non-Executive Nominee Director representing PTC India Limited (the holding company). The appointment is effective from 8th April 2026. The Company had earlier communicated this on 8th April 2026. The detailed notice and process timelines for the Postal Ballot will be shared with shareholders in due course. PTC India Financial Services is a subsidiary of PTC India Limited.
This is a routine director appointment process. The Postal Ballot ensures compliance with regulatory requirements for listed companies. The appointment of a nominee director from the parent company is standard governance practice and is not expected to have any material impact on the stock.