PTC India Limited has informed the Exchange about change in designation of Dr. Manoj Kumar Jhawar (DIN: 07306454) from 'Chairman & Managing Director' to 'Managing Director & CEO' w.e.f. 13th April 2026.
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PTC India Limited has announced a change in designation for Dr. Manoj Kumar Jhawar from 'Chairman & Managing Director' to 'Managing Director & CEO' effective 13th April 2026. This change was approved by shareholders through a Postal Ballot on 20th March 2026 and ratified by the Board on 15th April 2026. Dr. Jhawar relinquishes his post as Chairman but continues as Managing Director & CEO for the remainder of his existing term until his superannuation on 19th August 2028. The terms and conditions of his appointment remain unchanged. Dr. Jhawar, aged 57, joined PTC Board in January 2024 and has over 30 years of experience in the power sector.
This represents a governance restructuring separating the Chairman and Managing Director roles, which is a positive corporate governance practice. The company now has distinct leadership positions, with Dr. Jhawar focusing on executive operations as MD & CEO while the Chairman role is vacated. Shareholders may view this favorably as it strengthens board independence.