PTC India Limited has informed the Exchange regarding Appointment of Mr Dr. Manoj Kumar Jhawar (DIN: 07306454) as Chairman & Managing Director of the company w.e.f. May 13, 2025.
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PTC India Limited has informed the stock exchanges that Dr. Manoj Kumar Jhawar has formally taken charge as Chairman & Managing Director (CMD) of the company with effect from May 13, 2025. He was already serving on PTC's board as Whole Time Director (Director – Commercial & Operations) since January 18, 2024, and was holding the additional charge of CMD since June 13, 2024. The Board had approved his elevation to CMD on April 26, 2025. His term runs till the age of superannuation at 60 years (he is currently 56). Dr. Jhawar holds a Ph.D. in Management Sciences, is a qualified Cost Accountant, and brings over 30 years of experience in the power distribution and finance sectors, including senior roles at MP State Electricity Board, Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company, and KIOCL Ltd. He is not related to any director on the PTC board and is not debarred from holding office by any regulator.
This is a formalization of Dr. Jhawar's existing role rather than a leadership change, so there is unlikely to be any material impact on the stock. It provides continuity at the top of the company, which may be viewed positively by investors. With roughly four years remaining before superannuation, shareholders can expect leadership stability in the near to medium term.