PNC Infratech Limited announced the resignation of its Chief Financial Officer, Mr. Devendra Kumar Agarwal. The resignation, effective from the closing of business hours on March 31, 2026, is attributed solely to health issues. The Board of Directors has accepted the cessation. The company is currently in the process of appointing a successor, which will be intimated to the stock exchanges in due course.
CFO Resignation Announced by PNC Infratech
PNC Infratech Limited formally notified the stock exchanges regarding a key managerial change within its executive team. Mr. Devendra Kumar Agarwal, the company’s Chief Financial Officer (CFO), has stepped down from his position.
Key Details of Cessation
The formal notification provided the required details concerning the change:
- Reason for Change: The resignation was tendered specifically due to health issues faced by Mr. Agarwal.
- Date of Cessation: The effective date of resignation is the closing of business hours on March 31, 2026.
The company confirmed receiving confirmation from Mr. Agarwal that there were no material reasons for his resignation beyond those stated in his letter. The resignation letter itself has been formally enclosed with the submission to the exchanges.
Succession Planning and Trading Window Closure
PNC Infratech is actively engaged in the process of selecting and appointing a new Chief Financial Officer. The market will be informed of the new appointment in the appropriate timeline.
Furthermore, in compliance with internal codes and regulations pertaining to insider trading, the trading window for dealing in the company’s securities by designated employees and associated persons will remain closed until 48 hours following the public dissemination of this resignation announcement.
Source: BSE
