Power Finance Corporation (PFC) has announced the formal departure of three Non-Official Independent Directors following the successful completion of their one-year terms. The board changes, which became effective on April 17, 2026, follow the conclusion of the appointment period for Smt. Usha Sajeev Nair, Shri Prasanna Tantri, and Shri Naresh Dhanrajbhai Kella. Each director had served on the board since their appointment on April 17, 2025.
Board Transition Details
In a recent corporate update, Power Finance Corporation confirmed the cessation of three key board members. The departures mark the end of the one-year mandates for Smt. Usha Sajeev Nair, Shri Prasanna Tantri, and Shri Naresh Dhanrajbhai Kella. Each director officially stepped down from their position on the board effective April 17, 2026, upon the completion of their respective terms.
Leadership Tenure Summary
The outgoing directors were initially appointed to the board by the Ministry of Power, Government of India, on April 17, 2025. Their tenure was designated for a fixed duration of one year. With the formal conclusion of these appointments on April 16, 2026, the company has completed the necessary administrative transitions regarding its independent board composition.
Source: BSE
