PTC INDIA FINANCIAL SERVICES LIMITED has informed the Exchange about Resignation of Independent director.
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PTC India Financial Services Limited announced that three Independent Directors — Seema Bahuguna, Naveen Bhushan Gupta, and P V Bharathi — have resigned from the Board with immediate effect from 26th September 2025. Their original tenure was scheduled to end on 14th November 2025, so the resignations come about seven weeks before the planned end date. The letter was signed jointly by MD&CEO R Balaji and Company Secretary Manohar Balwani. No reasons beyond 'resignation' were disclosed, and the company has stated further disclosures under SEBI Listing Regulations will follow within prescribed timelines. The company is a subsidiary of PTC India Limited and operates in the financial services space.
Three Independent Directors stepping down at once is a notable governance event that may raise questions about board continuity. The company will need to appoint new independent directors to maintain the required board composition under SEBI norms, which could take time and may create short-term uncertainty for shareholders.