PTC India Limited has informed the Exchange regarding Cessation of Mr Narendra Kumar as Independent Director of the company w.e.f. April 13, 2026.
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PTC India has informed stock exchanges that the tenure of three Independent Directors — Dr. Jayant Dasgupta, Smt. Rashmi Verma, and Shri Narendra Kumar — was completed on April 12, 2026, and they ceased to be Directors and members of Board Committees effective April 13, 2026. The departure is due to the natural end of their term, not resignation or any governance issue. The disclosure is filed under SEBI Listing Regulations and details of the cessation are provided in Annexure A. The company will also host this information on its website.
This is a routine tenure completion with no negative implications for shareholders. However, the simultaneous exit of three independent directors means PTC India will need to appoint new independent directors soon to maintain board composition compliance, and investors may watch for new appointments in the coming weeks.