Power Finance Corporation Ltd. has provided a follow-up clarification regarding the recent resignation of Shri Bhaskar Bhattacharya. Following his departure as an Independent Director from the company’s Board, the firm has confirmed that he did not hold any directorship positions in other listed entities at the time of his cessation. This disclosure serves to update stakeholders regarding the current status of the former board member’s professional affiliations.
Clarification on Board Changes
Power Finance Corporation Ltd. has issued a formal notification following an inquiry from the stock exchange regarding the exit of Shri Bhaskar Bhattacharya. Previously announced on April 2, 2026, the resignation of Shri Bhattacharya from his role as an Independent Director has now been further clarified for regulatory transparency.
Directorship Status Disclosure
As part of the procedural formalities concerning the departure of a board member, the company has confirmed that Shri Bhaskar Bhattacharya (DIN: 09406292) held no other directorships in any other listed entities at the time his tenure ended. This confirmation ensures that there are no overlapping governance responsibilities for the outgoing director.
Governance Commitment
The company continues to maintain its standard disclosure practices to ensure shareholders remain informed of all developments affecting the Board of Directors. This update completes the administrative requirements surrounding the recent transition within the company’s leadership team, as confirmed by the Company Secretary on April 7, 2026.
Source: BSE
