PTC India Financial Services Limited has informed the Exchange regarding Resignation of Mrs Seema Bahuguna as Independent Director of the company w.e.f. September 26, 2025.
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PTC India Financial Services Limited has informed the exchanges that three of its Independent Directors — Smt. Seema Bahuguna, Shri Naveen Bhushan Gupta, and Smt. PV Bharathi — have resigned from the Board with immediate effect from September 26, 2025. Their original tenure was scheduled to end on November 14, 2025, meaning they stepped down nearly two months early. The company has not disclosed the specific reasons for the resignations. The resignations were filed under SEBI Listing Regulations and the company stated further disclosures will be submitted within prescribed timelines.
The simultaneous exit of three Independent Directors, with the Board not yet having new appointments announced, may raise short-term governance concerns for shareholders. Until replacements are inducted, the Board's composition and committee structures could be affected, which investors should watch closely.