PTC India Limited has informed the Exchange regarding Cessation of Mrs Rashmi Verma as Independent Director of the company w.e.f. April 13, 2026.
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PTC India Limited announced that three Independent Directors - Dr. Jayant Dasgupta, Smt. Rashmi Verma, and Shri Narendra Kumar - have ceased to be Directors effective April 13, 2026. Their tenures as Independent Directors completed on April 12, 2026, and they also stepped down from membership on all Board and Committees of the Company. The disclosure was made under SEBI Listing Regulations, Regulation 30. The Company has not yet announced any replacements for these directors.
The simultaneous departure of all three Independent Directors raises governance concerns as the Board composition and independence requirements under SEBI regulations may need immediate attention. Shareholders should monitor for appointment of new Independent Directors to maintain proper board structure.