PB Fintech has announced a significant restructuring of its board, including the reappointment of key independent directors and the addition of Ms. Jyotsana Vempati Aggarwal to its leadership team. These changes, approved at the board meeting held on May 11, 2026, are subject to shareholder approval. The company also confirmed an amendment to its 2021 Employee Stock Option Plan and the reconstitution of its Audit Committee, which will be chaired by Mr. Dhruv Shringi.
Board Leadership and Governance Updates
The company has initiated a leadership transition, confirming the reappointment of Mrs. Veena Vikas Mankar and Mr. Nilesh Bhaskar Sathe as Non-Executive and Independent Directors for a second five-year term, spanning from June 19, 2026, to June 18, 2031. Furthermore, the board has approved the appointment of Ms. Jyotsana Vempati Aggarwal as an Additional Director in the capacity of an Independent Director, effective May 11, 2026, for a five-year tenure.
Strategic Changes and Audit Committee Reconstitution
In addition to leadership appointments, the board has authorized an extension for the closing date of the PB Fintech Employees Stock Option Plan, 2021. The company also addressed the upcoming vacancy in its Audit Committee due to the departure of Mr. Kaushik Dutta on June 18, 2026. Following the reconstitution, the committee will be led by Mr. Dhruv Shringi as Chairperson, with Mr. Nilesh Bhaskar Sathe and Ms. Kitty Agarwal serving as members.
New Independent Director Profile
Ms. Jyotsana Vempati Aggarwal joins the board with over thirty years of leadership experience. Currently the co-founder and CEO of Wysa, a leading AI platform for mental health, she brings extensive expertise in digital platform strategy, international business leadership, and health technology. Her addition is expected to bolster the company’s focus on governance and innovation in the digital financial services landscape.
Source: BSE
