PTC India Financial Services Limited has informed the Exchange regarding Appointment of Mr Rajiv Malhotra as Non- Executive Nominee Director of the company w.e.f. April 08, 2026.
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PTC India Financial Services Limited's Board has approved the appointment of Mr Rajiv Malhotra as an Additional Director in the category of Nominee Director, effective April 8, 2026. Mr Malhotra, aged 59, is nominated by PTC India Limited, the holding company of this subsidiary. He brings over 35 years of experience in the utility and energy sector, currently serving as Executive Director and Group Chief Risk Officer at PTC India Ltd since 2013. His background includes roles at NTPC, Athena Energy Ventures, and Energy Infratech. The appointment was recommended by the Nomination and Remuneration Committee and the Board meeting lasted 40 minutes.
This appointment reflects the holding company's continued board representation in its subsidiary. The addition of an experienced risk and energy sector professional may positively influence governance, but no immediate material impact on stock price is expected from this routine appointment.