PTC India Limited has informed the Exchange regarding Cessation of Dr. Jayant Dasgupta as Independent Director of the company w.e.f. April 13, 2026.
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Three Independent Directors of PTC India Limited - Dr. Jayant Dasgupta, Smt. Rashmi Verma, and Shri Narendra Kumar - have ceased to be directors w.e.f. April 13, 2026. Their tenures as Independent Directors completed on April 12, 2026. With their departure, they also stepped down from their positions on the Board and various Committees. This is a routine occurrence as Independent Directors in India typically serve fixed terms of up to 5-6 years under corporate governance norms. The company has intimated the stock exchanges as required under SEBI Listing Regulations.
The simultaneous departure of three Independent Directors reduces board independence and may require the company to appoint new Independent Directors to meet regulatory requirements. Shareholders should monitor for replacement appointments, as insufficient independent directors could impact board governance and delay decision-making.